UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) July 26, 2011
NABORS INDUSTRIES LTD.
(Exact name of registrant as specified in its charter)
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| Bermuda
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001-32657
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98-0363970 |
| (State or Other Jurisdiction of
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(Commission File Number)
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(I.R.S. Employer |
| Incorporation or Organization)
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Identification No.) |
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| Crown House |
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| 4 Par-la-Ville Road |
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| Second Floor |
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| Hamilton, HM08 Bermuda
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N/A |
| (Address of principal executive offices)
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(Zip Code) |
(441) 292-1510
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c)) |
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TABLE OF CONTENTS
Item 2.02 Results of Operations and Financial Condition.
On July 26, 2011, we issued a press release announcing our results of operations for the
three and six-month periods ending June 30, 2011. A copy of that release is furnished herewith as
Exhibit 99.1 and is incorporated herein by reference.
The press release includes 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
risks and uncertainties, as disclosed 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 from
those indicated or implied by such forward-looking statements.
We also presented in the press release “non-GAAP” financial measures under Regulation G. We
presented our adjusted income (loss) derived from operating activities for all periods presented in
the release. The components of adjusted income (loss) derived from operating activities are
computed by using amounts that are determined in accordance with accounting principles generally
accepted in the United States of America (“GAAP”). Adjusted income (loss) derived from operating
activities is computed by subtracting direct costs, general and administrative expenses,
depreciation and amortization, and depletion expense from Operating revenues and then adding
Earnings (losses) from unconsolidated affiliates. As part of the press release information, we
have provided a reconciliation of adjusted income (loss) derived from operating activities to
income (loss) from continuing operations before income taxes, which is its nearest comparable GAAP
financial measure.
We included our adjusted income (loss) derived from operating activities in the release
because management evaluates the performance of our business units and the consolidated company
based on several criteria, including adjusted income (loss) derived from operating activities, and
because we believe this financial measure is an accurate reflection of our ongoing profitability.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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| Exhibit No. |
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Description |
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99.1 |
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Press Release |