Nabors Energy Transition Key Executives
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Nabors Energy Transition Earnings
This section highlights Nabors Energy Transition's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
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| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|
Nabors Energy Transition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire companies in the alternative energy, energy storage, emissions reduction, and carbon capture sectors. The company was incorporated in 2021 and is based in Houston, Texas.
$11.00
Stock Price
$184.26M
Market Cap
4
Employees
Houston, TX
Location
Financial Statements
Access annual & quarterly financial statements for Nabors Energy Transition, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2022 | December 31, 2021 |
|---|---|---|
| Revenue | $- | $- |
| Cost of Revenue | $- | $- |
| Gross Profit | $- | $- |
| Gross Profit Ratio | 0.00% | 0.00% |
| Research and Development Expenses | $- | $- |
| General and Administrative Expenses | $1.96M | $335 |
| Selling and Marketing Expenses | $- | $- |
| Selling General and Administrative Expenses | $1.96M | $335 |
| Other Expenses | $- | $- |
| Operating Expenses | $1.96M | $335 |
| Cost and Expenses | $1.96M | $335 |
| Interest Income | $4.07M | $4 |
| Interest Expense | $- | $-3.21K |
| Depreciation and Amortization | $228.49K | $3.21K |
| EBITDA | $-1.96M | $4 |
| EBITDA Ratio | 0.00% | 0.00% |
| Operating Income | $-1.96M | $-335 |
| Operating Income Ratio | 0.00% | 0.00% |
| Total Other Income Expenses Net | $4.07M | $4 |
| Income Before Tax | $2.11M | $-331 |
| Income Before Tax Ratio | 0.00% | 0.00% |
| Income Tax Expense | $812.47K | $-3.21K |
| Net Income | $1.30M | $-331 |
| Net Income Ratio | 0.00% | 0.00% |
| EPS | $0.05 | $-0.03 |
| EPS Diluted | $0.05 | $-0.03 |
| Weighted Average Shares Outstanding | 27.60M | 11.40K |
| Weighted Average Shares Outstanding Diluted | 27.60M | 11.40K |
| SEC Filing | Source | Source |
| Breakdown | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cost of Revenue | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Gross Profit | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Gross Profit Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $664.13K | $1.66M | $3.72M | $1.12M | $214.42K | $371.29K | $256.75K | $116.61K | $65.25K | $64.54K |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $664.13K | $1.66M | $3.72M | $1.12M | $214.42K | $371.29K | $256.75K | $116.61K | $65.25K | $64.54K |
| Other Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $664.13K | $1.66M | $3.72M | $1.12M | $214.42K | $371.29K | $256.75K | $116.61K | $65.25K | $64.54K |
| Cost and Expenses | $664.13K | $1.66M | $3.72M | $1.12M | $214.42K | $371.29K | $256.75K | $116.61K | $65.25K | $64.54K |
| Interest Income | $1.37M | $2.04M | $3.05M | $2.43M | $1.23M | $390.00K | $25.29K | $3.21K | $- | $- |
| Interest Expense | $- | $- | $- | $- | $- | $- | $- | $131.54K | $- | $- |
| Depreciation and Amortization | $-39.59K | $122.08K | $41.58K | $-416.52K | $27.08K | $86.06K | $60.46K | $-131.54K | $54.00K | $55.81K |
| EBITDA | $-664.13K | $-1.66M | $-3.72M | $-1.12M | $-214.42K | $-371.29K | $-256.75K | $-116.61K | $-65.25K | $-64.54K |
| EBITDA Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | $-664.13K | $-1.66M | $-3.72M | $-1.12M | $-214.42K | $-371.29K | $-256.75K | $-116.61K | $-65.25K | $-64.54K |
| Operating Income Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income Expenses Net | $1.37M | $2.04M | $3.05M | $2.43M | $1.23M | $390.00K | $25.29K | $3.21K | $- | $- |
| Income Before Tax | $704.16K | $383.10K | $-669.78K | $1.31M | $1.01M | $18.70K | $-231.46K | $-113.40K | $-65.25K | $-64.54K |
| Income Before Tax Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | $276.75K | $418.78K | $629.63K | $588.45K | $224.02K | $-390.00K | $-25.29K | $131.54K | $- | $- |
| Net Income | $427.40K | $-35.68K | $-1.30M | $719.75K | $790.60K | $408.70K | $-206.17K | $-113.40K | $-65.25K | $-64.54K |
| Net Income Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | $0.03 | $0.00 | $-0.04 | $0.05 | $0.11 | $0.01 | $-0.01 | $0.00 | $0.00 | $-0.01 |
| EPS Diluted | $0.03 | $0.00 | $-0.04 | $0.05 | $0.02 | $0.01 | $-0.01 | $0.00 | $0.00 | $-0.01 |
| Weighted Average Shares Outstanding | 16.75M | 24.36M | 34.50M | 27.60M | 34.50M | 34.50M | 34.50M | 34.50M | 34.50M | 6.90M |
| Weighted Average Shares Outstanding Diluted | 16.75M | 24.36M | 34.50M | 27.60M | 34.50M | 34.50M | 34.50M | 34.50M | 34.50M | 11.40M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2022 | December 31, 2021 |
|---|---|---|
| Cash and Cash Equivalents | $468.46K | $2.51M |
| Short Term Investments | $- | $- |
| Cash and Short Term Investments | $468.46K | $2.51M |
| Net Receivables | $- | $- |
| Inventory | $- | $- |
| Other Current Assets | $375.00K | $- |
| Total Current Assets | $843.46K | $2.51M |
| Property Plant Equipment Net | $- | $- |
| Goodwill | $- | $- |
| Intangible Assets | $- | $- |
| Goodwill and Intangible Assets | $- | $- |
| Long Term Investments | $284.84M | $- |
| Tax Assets | $- | $- |
| Other Non-Current Assets | $- | $281.52M |
| Total Non-Current Assets | $284.84M | $281.52M |
| Other Assets | $- | $- |
| Total Assets | $285.68M | $284.03M |
| Account Payables | $236.00K | $232.56K |
| Short Term Debt | $10.46K | $597.50K |
| Tax Payables | $87.47K | $- |
| Deferred Revenue | $- | $-598 |
| Other Current Liabilities | $- | $598 |
| Total Current Liabilities | $333.93K | $830.05K |
| Long Term Debt | $- | $- |
| Deferred Revenue Non-Current | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- |
| Other Non-Current Liabilities | $11.13M | $- |
| Total Non-Current Liabilities | $11.13M | $10.28M |
| Other Liabilities | $- | $- |
| Total Liabilities | $11.46M | $11.11M |
| Preferred Stock | $- | $- |
| Common Stock | $284.48M | $281.52M |
| Retained Earnings | $-10.26M | $-8.60M |
| Accumulated Other Comprehensive Income Loss | $- | $- |
| Other Total Stockholders Equity | $- | $- |
| Total Stockholders Equity | $274.22M | $272.92M |
| Total Equity | $274.22M | $272.92M |
| Total Liabilities and Stockholders Equity | $285.68M | $284.03M |
| Minority Interest | $- | $- |
| Total Liabilities and Total Equity | $285.68M | $284.03M |
| Total Investments | $284.84M | $- |
| Total Debt | $10.46K | $597.50K |
| Net Debt | $-458.00K | $-1.91M |
Balance Sheet Charts
| Breakdown | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | March 31, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $82.51K | $765.30K | $319.12K | $468.46K | $626.64K | $706.35K | $987.07K | $2.51M | $- | $- |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $82.51K | $765.30K | $319.12K | $468.46K | $626.64K | $706.35K | $987.07K | $2.51M | $- | $- |
| Net Receivables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Assets | $106.12K | $187.50K | $281.25K | $375.00K | $468.75K | $562.50K | $656.25K | $- | $- | $- |
| Total Current Assets | $188.63K | $952.80K | $600.37K | $843.46K | $1.10M | $1.27M | $1.64M | $2.51M | $- | $- |
| Property Plant Equipment Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $106.86M | $105.44M | $290.47M | $284.84M | $283.14M | $281.94M | $281.55M | $281.52M | $- | $- |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $- | $- | $- | $- | $- | $- | $- | $- | $741.66K | $25.00K |
| Total Non-Current Assets | $106.86M | $105.44M | $290.47M | $284.84M | $283.14M | $281.94M | $281.55M | $281.52M | $741.66K | $25.00K |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $107.05M | $106.40M | $291.07M | $285.68M | $284.23M | $283.21M | $283.19M | $284.03M | $741.66K | $25.00K |
| Account Payables | $615.21K | $757.76K | $176.43K | $236.00K | $141.72K | $176.34K | $224.73K | $- | $134.75K | $4.96K |
| Short Term Debt | $4.24M | $3.65M | $2.76M | $10.46K | $- | $- | $- | $- | $141.66K | $- |
| Tax Payables | $- | $10.88K | $717.10K | $87.47K | $224.02K | $- | $- | $- | $- | $- |
| Deferred Revenue | $-4.85M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $5.12M | $908.74K | $120.21K | $- | $90.21K | $45.21K | $- | $830.05K | $575.00K | $- |
| Total Current Liabilities | $5.12M | $5.32M | $3.77M | $333.93K | $455.96K | $221.55K | $224.73K | $830.05K | $851.41K | $4.96K |
| Long Term Debt | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $5.89M | $5.46M | $4.72M | $11.13M | $10.28M | $10.28M | $10.28M | $10.28M | $- | $- |
| Total Non-Current Liabilities | $5.89M | $5.46M | $4.72M | $11.13M | $10.28M | $10.28M | $10.28M | $10.28M | $276.41K | $4.96K |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $-276.41K | $-4.96K |
| Total Liabilities | $11.01M | $10.78M | $8.49M | $11.46M | $10.73M | $10.50M | $10.50M | $11.11M | $851.41K | $4.96K |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $106.68M | $105.02M | $289.46M | $284.48M | $281.52M | $281.52M | $281.52M | $690 | $863 | $863 |
| Retained Earnings | $-10.64M | $-9.41M | $-6.87M | $-10.26M | $-8.02M | $-8.81M | $-8.83M | $-8.60M | $-134.75K | $-4.96K |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Total Stockholders Equity | $- | $-0 | $- | $- | $0 | $- | $- | $- | $24.14K | $24.14K |
| Total Stockholders Equity | $96.04M | $95.61M | $282.58M | $274.22M | $273.50M | $272.71M | $272.69M | $-8.60M | $-109.75K | $20.04K |
| Total Equity | $96.04M | $95.61M | $282.58M | $274.22M | $273.50M | $272.71M | $272.69M | $- | $- | $- |
| Total Liabilities and Stockholders Equity | $107.05M | $106.40M | $291.07M | $285.68M | $284.23M | $283.21M | $283.19M | $2.51M | $741.66K | $25.00K |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $107.05M | $106.40M | $291.07M | $285.68M | $284.23M | $283.21M | $283.19M | $2.51M | $741.66K | $25.00K |
| Total Investments | $106.86M | $105.44M | $290.47M | $284.84M | $283.14M | $281.94M | $281.55M | $281.52M | $- | $- |
| Total Debt | $4.24M | $3.65M | $2.76M | $10.46K | $- | $- | $- | $- | $141.66K | $- |
| Net Debt | $4.16M | $2.88M | $2.44M | $-458.00K | $-626.64K | $-706.35K | $-987.07K | $-2.51M | $141.66K | $- |
Annual Cash Flow
| Breakdown | December 31, 2022 | December 31, 2021 |
|---|---|---|
| Net Income | $1.30M | $-331 |
| Depreciation and Amortization | $- | $- |
| Deferred Income Tax | $- | $- |
| Stock Based Compensation | $- | $- |
| Change in Working Capital | $-17.03K | $- |
| Accounts Receivables | $- | $- |
| Inventory | $- | $- |
| Accounts Payables | $3.44K | $- |
| Other Working Capital | $-20.47K | $- |
| Other Non Cash Items | $-4.07M | $335 |
| Net Cash Provided by Operating Activities | $-2.79M | $4 |
| Investments in Property Plant and Equipment | $- | $- |
| Acquisitions Net | $- | $- |
| Purchases of Investments | $- | $- |
| Sales Maturities of Investments | $- | $- |
| Other Investing Activities | $755.58K | $-375.36K |
| Net Cash Used for Investing Activities | $755.58K | $-375.36K |
| Debt Repayment | $- | $- |
| Common Stock Issued | $- | $- |
| Common Stock Repurchased | $- | $- |
| Dividends Paid | $- | $- |
| Other Financing Activities | $- | $378.70K |
| Net Cash Used Provided by Financing Activities | $- | $378.70K |
| Effect of Forex Changes on Cash | $- | $- |
| Net Change in Cash | $-2.04M | $3.34K |
| Cash at End of Period | $468.46K | $3.34K |
| Cash at Beginning of Period | $2.51M | $- |
| Operating Cash Flow | $-2.79M | $4 |
| Capital Expenditure | $- | $- |
| Free Cash Flow | $-2.79M | $4 |
Cash Flow Charts
| Breakdown | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 |
|---|---|---|---|---|---|---|---|---|
| Net Income | $427.40K | $-35.68K | $-1.30M | $719.75K | $790.60K | $18.70K | $-231.46K | $-113.40K |
| Depreciation and Amortization | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $-284.00K | $1.50M | $4.02M | $825.82K | $328.15K | $90.57K | $-1.26M | $116.61K |
| Accounts Receivables | $- | $- | $- | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $-142.56K | $581.34K | $-59.57K | $94.27K | $-34.62K | $-48.39K | $-7.82K | $- |
| Other Working Capital | $-141.44K | $918.37K | $4.08M | $731.54K | $362.77K | $138.96K | $-1.25M | $- |
| Other Non Cash Items | $-1.37M | $-2.04M | $-3.05M | $-2.43M | $-1.64M | $- | $- | $- |
| Net Cash Provided by Operating Activities | $-1.22M | $-580.57K | $-325.64K | $-883.18K | $-525.58K | $109.28K | $-1.49M | $3.21K |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $186.88M | $140.19K | $-2.58M | $725.00K | $445.87K | $-390.00K | $-25.29K | $- |
| Net Cash Used for Investing Activities | $186.88M | $140.19K | $-2.58M | $725.00K | $445.87K | $-390.00K | $-25.29K | $- |
| Debt Repayment | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-186.34M | $886.56K | $2.76M | $- | $- | $- | $- | $- |
| Net Cash Used Provided by Financing Activities | $-186.34M | $886.56K | $2.76M | $- | $- | $- | $- | $- |
| Effect of Forex Changes on Cash | $934.13K | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-682.78K | $446.18K | $-149.34K | $-158.18K | $-79.71K | $-280.72K | $-1.52M | $3.21K |
| Cash at End of Period | $82.51K | $765.30K | $319.12K | $468.46K | $626.64K | $706.35K | $987.07K | $2.51M |
| Cash at Beginning of Period | $765.30K | $319.12K | $468.46K | $626.64K | $706.35K | $987.07K | $2.51M | $2.50M |
| Operating Cash Flow | $-1.22M | $-580.57K | $-325.64K | $-883.18K | $-525.58K | $109.28K | $-1.49M | $3.21K |
| Capital Expenditure | $- | $- | $- | $- | $- | $- | $- | $- |
| Free Cash Flow | $-1.22M | $-580.57K | $-325.64K | $-883.18K | $-525.58K | $109.28K | $-1.49M | $3.21K |
Nabors Energy Transition Dividends
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Nabors Energy Transition News
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Nabors Energy Transition Corp. Announces Stockholder Approval of Extension of Deadline to Complete Initial Business Combination
HOUSTON , Dec. 8, 2023 /PRNewswire/ -- Nabors Energy Transition Corp. ("NETC" or the "Company") (NYSE: NETC, NETC.WS, NETC.U) announced today that, at a special meeting of NETC stockholders held on December 8, 2023 (the "Extension Meeting"), its stockholders approved an extension of the date by which it has to consummate its initial business combination, allowing the Company's board of directors, without another stockholder vote, to extend such date up to three times for an additional one month each time (but in no event to a date later than 28 months from the closing of NETC's initial public offering) (each such month, a "Monthly Extension Period") by depositing $200,000 for each Monthly Extension Period into the Company's trust account for its public stockholders. The Company will only file the third amended and restated certificate of incorporation to implement the extension (the "Extension Amendment") if its previously announced initial business combination (the "Business Combination") with Vast Renewables Limited (f/k/a Vast Solar Pty Ltd) ("Vast") is not consummated by December 18, 2023, which has been submitted to a vote of NETC stockholders scheduled for December 13, 2023 (the "Business Combination Meeting").
Nabors Energy Transition Corp. Announces Extension of Deadline to Complete Business Combination
HOUSTON , Nov. 17, 2023 /PRNewswire/ -- Nabors Energy Transition Corp. (NYSE: NETC, NETC.WS, NETC.U) ("NETC" or the "Company") announced that its board of directors has elected to extend the date by which NETC has to consummate a business combination by one additional month from November 18, 2023 to December 18, 2023 (the "Extension"), as permitted under NETC's second amended and restated certificate of incorporation. The Extension provides NETC with additional time to complete its previously announced initial business combination (the "Business Combination") with Vast Renewables Limited (f/k/a Vast Solar Pty Ltd) ("Vast").
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