Nabors Energy Transition Corp. II

Company Profile

Nabors Energy Transition Corp. II is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The Company intends to identify solutions, opportunities, companies or technologies that focus on advancing the energy transition; specifically, ones that facilitate, improve or complement the reduction of carbon or greenhouse gas emissions while satisfying growing energy consumption across markets globally.

Company profile

Ticker

NETDW, NETDU

Incorporated

Location

Fiscal year end

Industry (SIC)

Pershing Square Tontine • Altisource Asset Management • Foley Trasimene Acquisition II • KKR Acquisition Holdings I • Austerlitz Acquisition Corp II • FTAC Hera Acquisition • Cohn Robbins • Polestar Automotive Holding UK • E.Merge Technology Acquisition • MSD Acquisition ...

SEC CIK

0001975218

Corporate docs

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Latest filings (excl ownership)

View all

14 Aug 24

Departure of Directors or Certain Officers

14 May 24

13 Nov 23

Nabors Energy Transition Corp. II Announces Pricing of

19 Jul 23

424B4

Prospectus supplement with pricing info

17 Jul 23

Latest ownership filings

View all

Change in insider ownership

26 Jun 24

Change in insider ownership

26 Jun 24

ANTHONY G PETRELLO

26 Jun 24

Change in insider ownership

26 Jun 24

Colin Crowther Richardson

First Trust Capital Management L.P.

14 Feb 24

SC 13G

HGC Investment Management Inc.

14 Feb 24

SC 13G

Nabors Energy Transition Sponsor II LLC

13 Feb 24

SC 13G

Wealthspring Capital LLC

10 Jan 24

Financial summary

Financial statements Chart financial data

Quarter (USD)	Jun 24	Mar 24	Dec 23	Sep 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.78 mm	1.78 mm	1.78 mm	1.78 mm		1.78 mm
Cash burn (monthly)	51.29 k	(no burn)	86.67 k	80.73 k		4.05 k
Cash used (since last report)	221.59 k	n/a	374.45 k	348.81 k		17.48 k
Cash remaining	1.56 mm	n/a	1.41 mm	1.43 mm		1.76 mm
Runway (months of cash)	30.4	n/a	16.2	17.8		436.0

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2024

Nabors Energy Transition Corp. II institutional ownership history Ownership history

87.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	52	9	+477.8%
Opened positions	45	6	+650.0%
Closed positions	2	0	NEW
Increased positions	1	2	-50.0%
Reduced positions	6	1	+500.0%

13F shares	Current	Prev Q	Change
Total value	273.22 bn	59.97 bn	+355.6%
Total shares	26.53 mm	8.10 mm	+227.6%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Karpus Management	2.85 mm	$30.03 bn	NEW
Schechter Investment Advisors	2.82 mm	$29.70 bn	-31.5%
CNH Partners	2.25 mm	$23.69 bn	NEW
Vivaldi Asset Management	1.65 mm	$17.36 bn	NEW
Aristeia Capital	1.50 mm	$15.80 bn	NEW
Kim	1.50 mm	$15.80 bn	NEW
HGC Investment Management	1.14 mm	$12.00 bn	NEW
D. E. Shaw & Co.	1.03 mm	$10.83 bn	NEW
Linden Advisors	1.00 mm	$10.53 bn	NEW
Periscope Capital	950.00 k	$10.00 bn	NEW

Largest transactions	Shares	Bought/sold	Change
Karpus Management	2.85 mm	+2.85 mm	NEW
CNH Partners	2.25 mm	+2.25 mm	NEW
Cowen And	653.63 k	-1.81 mm	-73.5%
Vivaldi Asset Management	1.65 mm	+1.65 mm	NEW
Aristeia Capital	1.50 mm	+1.50 mm	NEW
Kim	1.50 mm	+1.50 mm	NEW
Schechter Investment Advisors	2.82 mm	-1.30 mm	-31.5%
HGC Investment Management	1.14 mm	+1.14 mm	NEW
D. E. Shaw & Co.	1.03 mm	+1.03 mm	NEW
Linden Advisors	1.00 mm	+1.00 mm	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

Nabors Energy Transition Corp. II insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
25 Jun 24	Nabors Energy Transition Sponsor II	Class F Ordinary Shares Class B Ordinary Shares	Other	Dispose J	No	No	50,000	7,475,000
25 Jun 24	Anthony G Petrello	Class F Ordinary Shares Class B Ordinary Shares	Other	Dispose J	Yes	No	50,000	7,475,000
25 Jun 24	Lux 2 S.a.r.l. Nabors	Class F Ordinary Shares Class B Ordinary Shares	Other	Dispose J	Yes	No	50,000	7,475,000
25 Jun 24	Greens Road Energy II	Class F Ordinary Shares Class B Ordinary Shares	Other	Dispose J	Yes	No	50,000	7,475,000

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.