Nabors Industries (NBR) Operating Expenses (2009 - 2026)
Nabors Industries (NBR) posted quarterly Operating Expenses of $802.0 million for Q2 2026, down 1.96% year-over-year from $818.0 million in Q2 2025, and up 4.8% on a QoQ basis from $765.3 million in Q1 2026.
Nabors Industries (NBR) Operating Expenses (2009 - 2026) Analysis & Trends
Nabors Industries has reported Operating Expenses for 18 years, with the latest figure at $802.0 million in Q2 2026.
- Operating Expenses for Q2 2026 came in at $802.0 million, down 1.96% year-over-year; the trailing twelve-month figure through Jun 2026 was $2.8 billion (down 8.56% YoY), and the FY2025 annual result was $2.7 billion, down 10.84% from the prior year.
- Operating Expenses advanced to $802.0 million in Q2 2026, from $765.3 million in the prior quarter.
- Over five years, Operating Expenses peaked at $818.0 million in Q2 2025 and troughed at $405.5 million in Q3 2025.
- A 5-year average of $726.5 million and a median of $738.7 million in 2024 frame the typical range for Operating Expenses.
- The widest annual swing landed in 2022, when Operating Expenses increased 26.28%; it then slumped 47.08% in 2025.
- A 5-year view of Operating Expenses shows it stood at $801.3 million in 2022, then declined by 10.81% to $714.7 million in 2023, then rose by 5.81% to $756.3 million in 2024, then climbed by 3.23% to $780.7 million in 2025, then grew by 2.73% to $802.0 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $802.0 million in Q2 2026, $765.3 million in Q1 2026, and $780.7 million in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.46 Bn | 7.01 Bn | 273.38 Mn | 689.21 Mn |
| 2 | Transocean | 6.71 Bn | 5.91 Bn | 358.00 Mn | 812.00 Mn |
| 3 | Patterson Uti Energy | 4.63 Bn | 4.43 Bn | 597.25 Mn | 1.23 Bn |
| 4 | Helmerich & Payne | 4.39 Bn | 4.16 Bn | 349.94 Mn | 846.65 Mn |
| 5 | Seadrill | 2.96 Bn | 2.60 Bn | 234.00 Mn | 377.00 Mn |
| 6 | Borr Drilling | 1.36 Bn | 1.14 Bn | - | 232.10 Mn |
| 7 | Nabors Industries | 1.30 Bn | 792.72 Mn | 309.38 Mn | 802.04 Mn |
| 8 | Precision Drilling | 1.15 Bn | 1.10 Bn | 89.29 Mn | 19.12 Mn |
| 9 | Valaris | 886.35 Mn | 345.15 Mn | 123.70 Mn | 498.70 Mn |
| 10 | Sable Offshore | 777.33 Mn | 755.73 Mn | - | 204.02 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 802.04 Mn |
| Mar 31, 2026 | 765.29 Mn |
| Dec 31, 2025 | 780.70 Mn |
| Sep 30, 2025 | 405.48 Mn |
| Jun 30, 2025 | 818.05 Mn |
| Mar 31, 2025 | 670.60 Mn |
| Dec 31, 2024 | 756.29 Mn |
| Sep 30, 2024 | 766.28 Mn |
| Jun 30, 2024 | 740.45 Mn |
| Mar 31, 2024 | 736.86 Mn |
| Dec 31, 2023 | 714.74 Mn |
| Sep 30, 2023 | 764.87 Mn |
| Jun 30, 2023 | 736.13 Mn |
| Mar 31, 2023 | 704.93 Mn |
| Dec 31, 2022 | 801.34 Mn |
| Sep 30, 2022 | 691.06 Mn |
| Jun 30, 2022 | 692.35 Mn |
| Mar 31, 2022 | 729.70 Mn |
| Dec 31, 2021 | 634.58 Mn |
| Sep 30, 2021 | 637.28 Mn |