UPDATE: Nabors Industries (NBR) Posts Q4 GAAP Loss of $3.06/Share

(Updated - March 2, 2015 4:52 PM EST)

Nabors Industries (NYSE: NBR) reported Q4 EPS of ($3.06), which may not compare with the analyst estimate of $0.39. Revenue was $1.78 billion, versus the consensus at $1.83 billion.

The GAAP loss includes charges and impairments of $3.39 per share related to asset impairments and transaction costs. The company had an adjusted loss of $0.33 per share.

Update on C&J Energy (NYSE: CJES) deal:

• S-4 Filed, became effective Febuary13, 2015
• C&J shareholder special meeting to approve transaction set for March 20, 2015
• Expected to close the week of March 23, 2015

Combination creates:

• 5thlargest stimulation fleet inNorth America
• Largest fluids management fleet in North America
• 2ndlargest workover/well-servicing fleet inNorth America
• Enhanced prospects for international expansion through a global alliance agreement

Nearly 1.2 MM HHP of pressure pumping capacity across the US

• 543 workoverrigs in the US and Canada
• ~1,500 fluid management trucks

For earnings history and earnings-related data on Nabors Industries (NBR) click here.

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