Nabors Industries Ltd.
NBRHIGH VELOCITYFILING INTENSITYNabors Industries Ltd. reads as an High Velocity (composite 62/100); Consistent Strategic Buyer deploying $600K across 1 disclosed transactions, newly disclosed vs the prior cycle · primary market Energy Infrastructure.
Lens
Disclosed M&A capital (2023–2025)
$600K
vs N/A in 2020–2022
Disclosed transactions
1
1/3 active fiscal years in window
Buyer archetype
Consistent Strategic Buyer
Meaningful spend appears across repeat years.
Composite score
62
High Velocity dominates · Filing Intensity
Behavioral posture, nine reads.
Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.
Active Acquirer
Companies actively deploying disclosed capital into M&A
- $508M disclosed buyer spend
Buyer Cadence
Buyer-side companies with recent filing activity
- 366 8-Ks
Target Probability
Issuers showing target-side patterns from filings
- 8 activism filings
Spin/Carve
Issuers showing spin-off, carve-out, or sum-of-parts posture
- 8 activism filings
Pressure Watch
Issuers facing activism, governance, or control pressure
- 8 activism filings
- Latest activism 12y ago; heavily discounted
Distress Watch
Issuers showing financial-distress filing patterns
- 8 activism filings
Restatement Risk
Issuers with accounting-integrity flags from filings
Capital Velocity
DominantIssuers with the highest filing-activity intensity
- 366 8-Ks
- 5 form types
Quiet Power
Large issuers with low signal volume and clean disclosure cadence
- Enterprise value $3.1B
- 10-Q 71d ago
- 2 active signals
Capital cadence.
Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.
Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $22M · Peak count: 1
| FY | Disclosed buys | Disclosed spend | Avg ticket | Audited tier |
|---|---|---|---|---|
| 2025 | 1 | $600K | $600K | N/A |
| 2024 | N/A | N/A | N/A | N/A |
| 2023 | N/A | N/A | N/A | N/A |
| 2022 | N/A | N/A | N/A | N/A |
| 2021 | N/A | N/A | N/A | N/A |
| 2020 | N/A | N/A | N/A | N/A |
Strategy posture.
The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.
Archetype mix
- Technology Acquisition33%
- Geographic Expansion33%
- Bolt On33%
Strategy keywords
Terms recurring across recent 10-K acquisition disclosures.
- technology_acquisition
- geographic_expansion
- bolt_on
Filing language.
Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.
“The combination of Tesco with Nabors’ current product offerings strengthens our ability to accelerate and scale deployment in drilling automation and analytics.”
“as a result of our acquisition of the remaining interest in Nabors Arabia and our consolidation of Nabors Arabia’s results of operations”
“increase from 2015 to 2016 was primarily as a result of our acquisition of the remaining interest in Nabors Arabia Company Limited”
“We expect to continue developing technology internally and/or acquiring technology through strategic acquisitions.”
“In 2021, 2020 and 2019, we received approximately 44%, 49% and 41%, respectively, of our consolidated operating revenues from our three largest contract drilling customers (including their affiliates), with our largest customer and partner in our SANAD joint venture, Saudi Aramco, representing 31%, 29% and 22% of our consolidated operating revenues, respectively, for these periods. The loss of one or more of our larger customers would have a material adverse effect on our business, financial condition, results of operations and prospects. In addition, if a significant customer experiences liquidity constraints or other financial difficulties it may be unable to make required payments or seek to renegotiate contracts, which could adversely affect our liquidity and profitability. Financial difficulties experienced by customers could also adversely affect our utilization rates in the affected market and may cause our counterparties to seek modifications to our contracts with them. Furthermore, potential consolidation among oil and natural gas exploration and production companies may reduce the number of available customers.”
Market context.
Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.
Primary market
Energy Infrastructure
- Market spend (2023–2025)
- $86.6B
- Market spend (2020–2022)
- $40.3B
- Recent vs prior
- +115%
- Issuer rank in market
- N/A
- Share of market capital
- 0.0%
Valuation positioning
NBR trades at a -10.6-turn discount to the Energy Infrastructure peer median of 12.9×.
- EV / Revenue
- 0.9×
- Net debt / EBITDA
- 1.2×
- Peer median EV / EBITDA
- 12.9×
Trading comparables
FMP market data · 2026-05-10
| Company | EV / EBITDA | EV / Rev | Net debt / EBITDA | Revenue | M&A 2023–2025 |
|---|---|---|---|---|---|
| 19.9× | 11.8× | 9.3× | $1.5B | $1B | |
| 13.3× | 4.8× | -0.3× | $9.3B | $3.7B | |
SLB LimitedSLB | 12.5× | 2.5× | 0.9× | $35.9B | $5.8B |
| 7.0× | 2.7× | -0.2× | $58.3B | $2.7B | |
Nabors Industries Ltd.NBR | 2.3× | 0.9× | 1.2× | $3.2B | $600K |
Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Energy Infrastructure. Bars scaled to the highest EV/EBITDA in the set.
Target landscape.
Public-issuer targets that fit this buyer's archetype and target categories from filing-derived signal. Scores reflect cross-signal fit; reasons cite the EDGAR-anchored facts that drove the match.
No qualifying public-issuer targets surfaced from the current signal mix.
Stated target categories
No target categories enumerated in the audited corpus for this issuer.
Filing activity & signal stream.
Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.
Filing cadence
- 10-K (annual)342026-02-13
- 10-Q (quarterly)732026-05-01
- 8-K (event)3662026-04-28
- Proxy / DEF 14A452026-04-22
- Activism (13D / DFAN / PREC)82014-09-12
Signals on file
- elevated
Activism on file
2014-09-128 activist filings on file (13D, DFAN14A, PREC14A series).
- info
Signal
Serial acquisition history
- info
Signal
10-K strategy themes
Audited corpus.
No audited record on file for this CIK in the current v6 corpus.
This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.