Cash Flow Statement
Growth Metrics

Nabors Industries (NBR) Operating Expenses (2009 - 2026)

Nabors Industries' quarterly Operating Expenses came in at $765.3 million in Q1 2026, up 14.12% year-on-year from $670.6 million in Q1 2025, and down 1.97% quarter-over-quarter from $780.7 million in Q4 2025.

Nabors Industries has reported Operating Expenses for 18 years, with the latest figure at $765.3 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 14.12% year-over-year to $765.3 million; the trailing twelve-month figure through Mar 2026 stood at $2.8 billion (down 5.59% YoY), and the FY2025 full-year result was $2.7 billion, down 10.84% from the prior year.
  • Operating Expenses for Q1 2026 stood at $765.3 million, down from $780.7 million in the prior quarter.
  • The five-year high for Operating Expenses was $818.0 million in Q2 2025, with the low at $405.5 million in Q3 2025.
  • Average Operating Expenses over 5 years is $722.1 million, with a median of $736.9 million recorded in 2024.
  • Year-over-year, Operating Expenses grew 26.28% in 2022 and tumbled 47.08% in 2025.
  • Tracing NBR's Operating Expenses over 5 years: stood at $801.3 million in 2022, then retreated by 10.81% to $714.7 million in 2023, then advanced by 5.81% to $756.3 million in 2024, then increased by 3.23% to $780.7 million in 2025, then decreased by 1.97% to $765.3 million in 2026.
  • The last three Operating Expenses figures came in at $765.3 million (Q1 2026), $780.7 million (Q4 2025), and $405.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Precision Drilling 157.47 Bn 157.41 Bn 120.82 Mn 30.44 Mn
2 Noble 8.34 Bn 7.67 Bn 755.58 Mn 560.38 Mn
3 Transocean 7.55 Bn 6.94 Bn 475.00 Mn 798.00 Mn
4 Patterson Uti Energy 4.63 Bn 4.30 Bn 535.85 Mn 1.13 Bn
5 Helmerich & Payne 3.96 Bn 3.86 Bn 907.56 Mn 969.28 Mn
6 Seadrill 3.20 Bn 2.87 Bn 177.00 Mn 334.00 Mn
7 Sable Offshore 2.10 Bn 2.05 Bn -66.76 Mn 120.03 Mn
8 Nabors Industries 1.49 Bn 1.37 Bn 290.08 Mn 765.29 Mn
9 Borr Drilling 1.48 Bn 1.10 Bn - -140.10 Mn

Historic Data

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DateValue
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
Jun 30, 2021 654.96 Mn
Mar 31, 2021 580.38 Mn
Dec 31, 2020 511.83 Mn
Sep 30, 2020 587.99 Mn
Jun 30, 2020 669.49 Mn
Mar 31, 2020 1.07 Bn
Dec 31, 2019 973.83 Mn
Sep 30, 2019 832.52 Mn
Jun 30, 2019 953.28 Mn
Mar 31, 2019 882.89 Mn
Dec 31, 2018 920.22 Mn
Sep 30, 2018 861.30 Mn
Jun 30, 2018 930.69 Mn
Mar 31, 2018 854.70 Mn
Dec 31, 2017 847.15 Mn
Sep 30, 2017 796.47 Mn
Jun 30, 2017 765.44 Mn
Mar 31, 2017 736.51 Mn
Dec 31, 2016 931.94 Mn
Sep 30, 2016 648.93 Mn
Jun 30, 2016 744.84 Mn
Mar 31, 2016 879.47 Mn
Dec 31, 2015 917.66 Mn
Sep 30, 2015 1.14 Bn
Jun 30, 2015 691.27 Mn
Mar 31, 2015 1.32 Bn
Dec 31, 2014 2.70 Bn
Sep 30, 2014 1.65 Bn
Jun 30, 2014 1.55 Bn
Mar 31, 2014 1.52 Bn
Dec 31, 2013 1.50 Bn
Sep 30, 2013 1.68 Bn
Jun 30, 2013 1.44 Bn
Mar 31, 2013 1.51 Bn
Dec 31, 2012 1.46 Bn
Sep 30, 2012 1.58 Bn
Jun 30, 2012 1.70 Bn
Mar 31, 2012 1.60 Bn
Dec 31, 2011 1.58 Bn
Sep 30, 2011 1.52 Bn
Jun 30, 2011 122.97 Mn
Dec 31, 2010 1.07 Bn
Sep 30, 2010 1.12 Bn
Jun 30, 2010 866.54 Mn
Dec 31, 2009 883.22 Mn
Sep 30, 2009 766.30 Mn
Jun 30, 2009 1.09 Bn