Nabors Energy Transition Corp.
NETC
New York Stock Exchange11.00
USD
+0.27
- -
CIK
0001854458
ISIN
US6295671084
CUSIP
629567108
Return %
Stock
S&P500
1Y
6.64
18.46
3Y
11.34
64.72
5Y
11.34
72.79
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Anthony G. Petrello
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 515 West Greens Road Houston TX United States of America 77067
- IPO Date
- Jan 10, 2022
- CIK
- 0001854458
- Website
- nabors-etcorp.com
- Similar Companies
- Business
- Nabors Energy Transition Corp. (NYSE: NETC) operates as a blank check company, or special purpose acquisition company (SPAC), whose primary purpose focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the global energy transition sector; it aims to facilitate the shift from fossil-based energy systems to renewable sources, including renewable energy generation, energy storage, carbon capture, and advanced alternative fuels. The company, sponsored by Nabors Industries Ltd. (NYSE: NBR), pursues investments in disruptive technologies targeting geothermal energy through partnerships with leading venture companies, advanced energy storage solutions such as batteries and ultracapacitors, and concentrated solar thermal power (CSP) via prior SPAC transactions. Founded in 2021 and headquartered at 515 West Greens Road, Suite 1200, Houston, Texas, NETC conducts no significant independent operations prior to a business combination and leverages Nabors' global presence in over 15 countries, engineering expertise, automation, and drilling capabilities to support portfolio growth in hard-to-abate sectors like power generation and heavy industry. In a key prior transaction sponsored by Nabors, the original NETC completed a business combination with Vast Renewables Limited in December 2023, taking Vast public on NASDAQ under the ticker VSTE to advance CSP v3.0 technology for 24/7 dispatchable solar power; more recently, Nabors Energy Transition Corp. II (a related entity, NASDAQ: NETD), also sponsored by Nabors, entered a business combination agreement with e2Companies in February 2025 to integrate AI-optimized Virtual Utility solutions for on-site power generation, storage, and grid-independent operations targeting oilfield electrification, data centers, and manufacturing, following a multi-million dollar purchase order and strategic collaboration announced in December 2024. These moves align with Nabors' "Energy Without Compromise" strategy, combining renewables with responsible hydrocarbons through venture investments, internal decarbonization, and SPAC deployments.
Nabors Energy Transition Corp. Announces Stockholder Approval of Extension of Deadline to Complete Initial Business Combination
Nabors Energy Transition Corp. Announces Extension of Deadline to Complete Business Combination
Nabors Energy Transition Corp. Announces Extension of Deadline to Complete Business Combination
Nabors Energy Transition Corp. Announces Extension of Deadline to Complete Business Combination
Nabors Energy Transition Corp. Announces Extension of Deadline to Complete Business Combination
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