NBR — what changed in the latest 10-Q
A section-by-section comparison of NBR's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-11-04 vs the prior 10-Q · 2026-07-31
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +29 | −23 | ~23 | 41 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 0 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 2 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-11-04
“believe,” “expect,” “plan,” “intend,” “estimate,” “project,” “will,” “should,” “could,” “may,” “predict” and similar expressions are intended to identify forward-looking statements.
Operator responses to evolving market conditions and the conflict have varied by region and over time. In the Middle East, a number of previously-suspended onshore and offshore rigs have been reactivated. More recently, certain operators have taken measures to reduce near-term activity, including pl…
Comparison of the three months ended September 30, 2026 and 2025
Operating revenues for the three months ended September 30, 2026 totaled $872.2 million, representing an increase of $54.0 million, compared to the three months ended September 30, 2025. For a more detailed description of operating results, see Segment Results of Operations below.
Net loss attributable to Nabors totaled $11.2 million ($1.24 loss per diluted share) for the three months ended September 30, 2026 compared to net income attributable to Nabors of $274.2 million ($16.85 per diluted share) for the three months ended September 30, 2025, or a $285.4 million decrease in…
Text removed vs the prior filing · source: 10-Q · 2026-07-31
Operator responses to the conflict have varied by region. In the Middle East, a number of offshore rigs have been placed on standby or had operations suspended. In contrast, land drilling activity in the markets where we operate has remained resilient, and in our case, has increased modestly.
Operating revenues for the three months ended June 30, 2026 totaled $814.8 million, representing a decrease of $18.0 million, compared to the three months ended June 30, 2025. For a more detailed description of operating results, see Segment Results of Operations below.
Net loss attributable to Nabors totaled $22.3 million ($2.04 per diluted share) for the three months ended June 30, 2026 compared to net loss attributable to Nabors of $30.9 million ($2.71 per diluted share) for the three months ended June 30, 2025, or an $8.6 million increase in net income. See Seg…
General and administrative expenses for the three months ended June 30, 2026 totaled $71.4 million, representing a decrease of $11.4 million, or 14%, compared to the three months ended June 30, 2025. This is reflective of decreases in workforce costs and general operating costs related to Quail Tool…
Depreciation and amortization expense for the three months ended June 30, 2026 was $160.5 million, representing a decrease of $14.5 million, or 8%, compared to the three months ended June 30, 2025. The decrease is a result of the assets sold as part of the sale of Quail Tools, LLC on August 20, 2025…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice