Nabors to receive $250 million from Superior Energy, plans debt reduction

HAMILTON, Bermuda - Nabors Industries Ltd. (NYSE:NBR) announced Tuesday it will receive $250 million from Superior Energy Services, Inc. as the latter repays seller financing related to its previous acquisition of Quail Tools, LLC. The payment comes as Nabors manages a total debt burden of $2.69 billion, according to InvestingPro data.

Nabors Chairman, President and CEO Anthony G. Petrello stated the company intends to apply these funds toward its own debt reduction. Petrello also reiterated Nabors’ ongoing efforts to address remaining balances on its 2027 and 2028 senior notes. The company maintains a current ratio of 1.79, indicating sufficient liquidity to meet short-term obligations.

"We intend to apply these funds to our own debt reduction," Petrello said in a statement. "We are currently working to address the remaining balances on our 2027 and 2028 senior notes, reiterating our commitment to deleveraging and enhancing long-term shareholder value."

The announcement follows Superior Energy’s completion of a senior secured notes offering, with part of the proceeds designated for repaying the seller financing to Nabors.

Nabors Industries, headquartered in Bermuda, provides advanced technology for the energy industry with operations in more than 20 countries. The company specializes in drilling, engineering, automation, data science, and manufacturing. With a market capitalization of $591 million, InvestingPro analysis suggests the stock is currently trading below its Fair Value, with 12 additional exclusive insights available to subscribers through the comprehensive Pro Research Report.

The statement was issued via press release by Nabors Industries.

In other recent news, Nabors Industries reported its second-quarter earnings for 2025, which fell short of market expectations. The company announced an earnings per share (EPS) of -$2.71, which was significantly below the anticipated -$0.82. Revenue also did not meet projections, coming in at $838.9 million against the expected $842.1 million. These results have been a point of concern for investors, as the figures indicate a notable miss in financial targets. Despite the disappointing earnings, there have been no recent analyst upgrades or downgrades reported for Nabors Industries. Additionally, no mergers or acquisitions have been announced, keeping the focus on the company’s financial performance. Investors and analysts are likely to keep a close watch on Nabors Industries as they assess the company’s future financial outlook.

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