Nabors Industries Ltd, the Bermudian-domiciled energy technology company, has reported a third-quarter net loss attributable to Nabors shareholders of $56 million.

That compares with a net loss of $32 million in the second quarter.

Third-quarter adjusted earnings before interest, taxes, depreciation and amortisation were $222 million, compared with $218 million in the previous quarter.

Third-quarter operating revenues were $732 million, compared with $735 million in the second quarter.

Anthony G. Petrello, Nabors chairman, chief executive and president, said: “Our third-quarter operating results matched our overall expectations. Higher average daily margins and an improved mix drove growth in our International Drilling segment. International growth also resulted in better performance for our Drilling Solutions segment.

“Daily margins in our International Drilling segment exceeded the $17,000 mark in the third quarter. We reached this milestone earlier than we expected. This result demonstrates the earnings power of our International segment.

“During the quarter, we also started up previously awarded rigs. We have a path to substantial international growth with 13 rigs scheduled to deploy through early 2026 in the Middle East and Latin America. The opportunity set on top of those planned start-ups is also substantial.”