Nabors Industries reported a GAAP loss of $174.668 million for the 3 months of 2022, up 36.1% from $128.31 million in the prior year. Revenue increased 23.2% to $568.702 million from $461.774 million a year earlier.

Nabors Industries' GAAP loss for 2021 was $543.69 million, down 28.7% from $762.846 million in the previous year. Revenue declined 5.5% to $2.019 billion from $2.136 billion a year earlier.

The loss of Nabors Industries under GAAP for the nine months of 2021 was $434.427 million, down 34.1% from $658.967 million in the previous year. Revenues declined 12.7% to $1.475 billion from $1.689 billion a year earlier.

Nabors Industries' GAAP loss for 6 months 2021 was $318.705 million, down 37.8% from $512.307 million in the previous year. Revenues fell 24.1% to $0.951 billion from $1.252 billion a year earlier.