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Rotary celebrates a successful year

Rotary celebrates a successful year
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Nabors Announces Fourth Quarter 2020 Results

Nabors Announces Fourth Quarter 2020 Results
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HAMILTON, Bermuda, Feb. 23, 2021 /PRNewswire/ Nabors Industries Ltd. ( Nabors or the Company ) (NYSE: NBR) today reported fourth quarter 2020 operating revenues of $443 million, compared to operating revenues of $438 million in the third quarter of 2020. The net loss from continuing operations attributable to Nabors common shareholders for the quarter was $112 million, or $16.46 per share. The fourth quarter included $162 million of pretax gains from debt exchanges and repurchases, partially offset by charges of $71 million mainly from asset impairments, for a net after-tax gain of $52 million. This compares to a loss of $161 million, or $23.42 per share in the prior quarter. The third quarter included net after tax gains of $6 million related to gains from debt repurchases, asset impairments and severance costs. ....

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