1Q11 EARNINGS CONFERENCE CALL – Nabors Industries Ltd.

Nabors Industries Ltd. · Apr 27, 2011 · 6 slides

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Nabors Industries 1Q11 Earnings Conference Call April 27, 2011 Presenter: Gene Isenberg, Chairman & CEO
U.S. Lower 48 Land Drilling Term Contracts in Force at 3/31/11 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 Quarter end number of rigs subject to term contracts(1) 132 87 76 66 66 63 (In Millions) Actual Estimates Prior Out Non-Working Rig…
Margins and Activities 1Q 11 4Q 10 1Q 10 Margin (1) Rig Yrs Margin (1) Rig Yrs Margin (1) Rig Yrs US Lower 48 9,394 187.9 9,472 184.3 8,417 158.6 US Offshore 9,945 8.0 9,542 6.5 17,355 12.0 Alaska 52,542 5.3 43,745 6.0 28,541…
Quarterly Adjusted Income Derived from Operating Activities (000s) 1Q 11 4Q 10 1Q 10 US Lower 48 80,095 85,308 60,286 Nabors Well Services 11,123 12,132 7,185 Pressure Pumping 43,715 54,664 ---- US Offshore (3,977) (5,142) 7,373…
Non-GAAP Financial Information Within the preceding slides in this presentation, we present, both historically and on a forward-looking basis, our adjusted income derived from operating activities, which is a non- GAAP financial…
Non-GAAP Financial Information (continued) The following table provides a reconciliation of adjusted income derived from operating activities for our reportable segments to income from continuing operations before income taxes for the…