Nabors Industries Ltd. (NBR) CEO Tony Petrello on Q1 2019 Results - Earnings Call Transcript

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Q1: 2019-04-30 Earnings Summary

EPS of -$18.00 misses by $5.14
 | Revenue of $799.64M (8.91% Y/Y) beats by $25.29M

Nabors Industries Ltd. (NYSE:NBR) Q1 2019 Earnings Conference Call May 1, 2019 11:00 AM ET

Company Participants

Denny Smith – Vice President of Investor Relations
Tony Petrello – Chairman, President and Chief Executive Officer
William Restrepo – Chief Financial Officer

Conference Call Participants

Kurt Hallead – RBC
Marshall Adkins – Raymond James
Chase Mulvehill – Bank of America
Sean Meakim – J.P. Morgan
Taylor Zurcher – Tudor Pickering and Holt

Operator

Good day and welcome to the Nabors First Quarter 2019 Earnings Release Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Denny Smith, Vice President of Investor Relations. Please go ahead.

Denny Smith

Good morning, everyone. Thank you for joining Nabors First Quarter 2019 Earnings Conference Call. Today, we will follow our customary format with Tony Petrello, our Chairman, President and Chief Executive Officer; and William Restrepo, our Chief Financial Officer, providing their perspectives on the quarter's results along with insights into our markets and how we expect Nabors to perform in these markets.

In support of these remarks, a slide deck is available both as a download within the webcast and in the Investor Relations section of nabors.com. Instructions for the replay of this call are posted on the website as well. With us today, in addition to Tony, William and myself are various other members of the senior management team.

Since much of our commentary today will include our forward expectations, they may constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks and uncertainties as disclosed by Nabors from time-to-time in our filings with the Securities and Exchange Commission. As a result of these factors, our actual results may differ materially

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