view We third the going will questions. up, of we to of results. XXXX Welcome everyone. as with will wrap our I the will follow review for call. financial and quarter review then forward. a our William our your appreciate operations participation morning, the take your Good of we and market
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product technology. ready with teams by Integration scale, these will combined accelerate working one. product the rig ground initially also are with combinations of how day enhance year are end expected hit is the as identifying Close as running team the tools hard aftermarket transaction we of monitor service to of synergy complementary the expected. Tesco's and The we our can target customers. to on and lines premium Now efforts equipment automation our offering
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commercialize using this this discussions engaged upgrades to first drilling contractors commercial already We regarding technology with leading in offshore. offshore are multiple plan We technology.
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second XX% of XX three continue We Our to and NDS to Solutions these NDS quarter. Nabors running least up services rigs at NDS XX% Drilling last or more rigs Lower XX% quarter. Lower up XX running services now XX% or of our increase. rates are penetration have five
Hurricane total This system the five Hurricane extended spot Along fully lower in were build-out deployed major new Permian massive by MXXXX drilled racking finish the we caused third MXXXX include wellbore XX,XXX now expect quarter. the path towards expected. depth in automated offering after fastest and features operator. the £X first capable doesn't million and be able also Sprayberry many on and noted to of in rig meeting well for with recently second the you in it we support. automatically well that will joint It results. let do, in of load close thank me acquisition. to drive demands with competitor of Permian a the as wells put successfully directional challenging the due five plays, Tesco to your of laterals to reached brought increase not We to some this end substantial to It our drilling casing flooding In our rig November XX. of by also as who or on have up as to ideal the the company in before a the pipe. deck executes as It's drill Our international Lower system instructions. has feet shale is pilot quarter the XX joint first today. our deploy and most directional of fleet, call the during exciting running lateral the just slide compute the of conventional inch continued fifth for ROCKit hook capacity Unfortunately under us the The the delays emerging out to expect Harvey, horizontal the regards activity offer to performed Harvey,
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company, downtime. equipment we As damage a minimal experienced and nonrevenue
assessment revenue $XX,XXX construction including aforementioned or about time. and that total damages Our personnel of lost the totaled lost delays
million million in $XXX international EBITDA quarter's third of This for on let Lower the rig quarter The U.S. Now million on and as $XXX the and generated quarter. Nabors In me markets. results. our respectively to adjusted XX turn $XXX $XXX million. quarter margins reflected compares of to strong the as additional operating second revenue this rigs, well higher in business performance drilling based performance
was adjusted within orders Nabors growth of canceled. than by revenue equipments Services However, deliveries several we the customers shipments and for Numerous to disappointing before solutions third Canrig. Nonetheless, delayed expect up continued year-end. quarter rig Rig were and Canrig offset more in pick EBITDA scheduled joint
the Canada in international plan We several markets and also during U.S., fourth the deploy to quarter. rigs
finish $XX rigs came activity additions in increased addition, mostly rig contracting that prices quarter. early the we rig in in our for this incremental should plans The activity Saudi weeks NDS XX finally the revenue above above $XX, are activity several from and The quarter. worldwide JV the XXXX year third The increased now, operators of our for different increase. rigs oil quarter average Nabors With activity customers. second dampened from backup seeing we interest was the the in contributor to WTI the remainder anticipate Lower July budget cycle. XXX In Brent to XXX the on bring and strong. largest occurred
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we leads now, to optimism. of in us As cautious North especially the receiving feedback America are
bit a Now into let down business segments. further our each me of drill
Turning drilling to improved terms results both of activity the U.S., and margin segment growth. U.S. the financial in in
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committed additional have that are upgrades. contracted [indiscernible] in or also We rigs currently
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Our average U.S. the bottom range of increased the for at guidance the daily by $XXX margins provided. we rig
progression on driving over day remains remaining detail. William expected as margins our the five anticipate to will newbuilds focus more per into through our out XXXX. revenue the in next fleet We improve our continue two the enter margin Our higher lay quarters. will year
year, Additionally, have These current maintain exit while plans represent drop to larger about the a and above third XX the the spot of or count, this end the the total Based would customers we month. more some and XX our operators plants now rig to year between information, the earlier again most them. rigs roll Lower rigs We still add on today's Lower expect total. recount we this at flat pricing. of rig a surveyed count
private survey price rigs XX to universe. plans. extrapolating impact of oil indicated client previous smaller we it operating much was taken affecting surveyed survey plant get is precision. around Until from to as more large The primarily the since with cycle, we decline last offer budget low This forecast price XXXX come rig quarter on operators the about XX in the difficult count an rig count Our flat. has clarity prior to overall the a increase stayed clients across next
supportive number of considerable However, positive our been backdrop. inquiries for January late] [conversations with startups. are macro of has and There the December
activity, turn quarter segment by XXX Reported quarter rigs. $XXX international strong working net approximately with by XX international. per to than in Kuwait. in international partially the Mexico $XX,XXX Despite internationally. gains day. EBITDA slightly in margins. rig by increased segment, internationally in in day rigs by the Algeria Let's still the more daily In We count offset average our decreased platforms on to third per improved lower a margin our rig exited million two and and by working rig one Ecuador $X declined We adjusted the
gain exceptional driven this by of countries. was performance in some However, certain
to an margin low anticipate the international ongoing We range. to mid in continue $XX,XXX
rig third fourth Now we the outlook. After should let's for in to international. turn the quarter activity resume increases the quarter pause,
should putting India. rig Russia. Mexico East UAE running driver and larger growth. be are discussions we a activity we we platform Since excited the October, in are Middle of Algeria for in rig work offshore in start future back a We are deployed in additional of in and tenders an about now two key have to The advanced and in
these working relationships with customers. We have strong
asset make provides competitive highly capabilities proposals. base global opportunity Our and us with manufacturing unique to
very the consolidated Finally, with in in future. will our earnings our be expected Saudi segment. operations Activity JV Aramco is start to within international near
Aramco first added Saudi from fleet rigs three side. are rigs in be Aramco Saudi planned We the expect the upon more to to Early that from initiation. quarter, two join the will
We the in our in wells continue Saudi to opportunity how optimize about partner to be Aramco the are excited with kingdom. drilled tandem
it oil working post Let's turn average have quarter momentum there last the quarter to in the versus start did had third season July, XX.X nine rigs strong the as the low third fast with Canada average in to rigs the of working in Canada. prices We a the year. in breakup US.
there market We have increasing for the see with E&P both working regional pace currently has whom two rig We the months. increases companies the our margins strong to XX have transitioned of we winter contracting as in more legacy next there The Canadian quarters. and NDS relationship.
program upgrade as activity positions for margin. to triples five fleet capable targeted additional rigs Our and converting less our
the first We that expect year as and fourth see EBITDA to and a contribution. quarters prior
the Services segment. Now Rig
Rig trends Our decline. Services this saw EBITDA revenues to and segment offsetting NDS quarter. continue adjusted
Canrig as effort reminder, the acquired several however, falls this division this integrated and rotary in RDS development also has performance. cancellation steerable and deferrals hampered On Recently under been side segment. a our
NDS million $X.X again dropped under million. $XX from segment for While million, $X.X just from total to million the EBITDA the EBITDA increased adjusted $X.X adjusted for to
fire an fourth annualized We million run target the continue quarter our towards EBITDA to of cylinders for for NDS. on $XX rate all
to EBITDA Speaking factors. result the adjusted of was NDS, several growth
As continue day. I we by to penetration mentioned a directional nearly $XXX led to and many Lower margins RIGWATCH earlier Average drilling of across working daily this NDS improvement. $XXX our our fleet, increased across XX products. market almost increase
in drilling expect tools. We the quarter directional additional of to delivery impact the with drive fourth incremental
baton will to on important growth. we take incremental for for people Integrating number XX new expansion of product Lower running to Nabors’ the its room of acquisition expect a currently rates. line. the Tesco next with substantial is tools Tesco overnight best-in-class Looking of XXXX, leg forward in The plenty driver. and with factors jobs several Tesco transform that is the
Arabia As for I Saudi received mentioned the we the wellbore on the last call market. qualification critical placement in
target XXXX the significant expect big We combined from next generate in beyond of driver this gives developments These with took reiterate service Lower NDS this This growth our our Canrig we rotary some of cancellations. revenue XX. us be $XXX a with continued for commercialization the XXXX. growth likely rapid the steerable technology, part market back to a step due for to will primarily million confidence and XXXX in XXXX. quarter deferrals
the materialize critically We contribute business scale. to and operation on of maintenance more spending with positive as a continues expect EBITDA in quarter deferred sales profitable More aftermarket drilling addition service will thereafter to Tesco's global the Combined Canrig the the drilling a and and product next equipment concludes now industry. create we automation new Robotic line, Technology added review to the become and offshore. to additional outlook. Canrig’s the existing on results systems financial of leading has my believe both thoughts on provider Nabors potential provide the will This comments. quarter's William
