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Nabors reported a Q2 2024 loss of $4.29 per share, exceeding estimates. Operating revenues fell to $734.8 million, missing the consensus estimate. U.S. Drilling segment revenue dropped 17.5%, missing expectations. Nabors anticipates a 20% rig count increase by 2025 through international deployments. Projected capital expenditures for 2024 estimated at $590 million.
- Nabors reported a Q2 2024 loss of $4.29 per share, exceeding estimates.
- Operating revenues fell to $734.8 million, missing the consensus estimate.
- U.S. Drilling segment revenue dropped 17.5%, missing expectations.
- Nabors anticipates a 20% rig count increase by 2025 through international deployments.
- Projected capital expenditures for 2024 estimated at $590 million.
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