Nabors Energy Transition Corp.
NETC-UN
New York Stock Exchange10.99
USD
+0.99
- -
CIK
0001854458
Return %
Stock
S&P500
1Y
6.39
26.53
3Y
8.70
76.60
5Y
8.70
80.11
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
- Nov 17, 2021
- CIK
- 0001854458
- Website
- nabors-etcorp.com
- Similar Companies
- Business
- Nabors Energy Transition Corp. (NETC-UN) operates as a blank check company sponsored by Nabors Industries Ltd., focusing on mergers, share exchanges, asset acquisitions, or similar combinations with businesses in the global energy transition sector, particularly those advancing renewable energy sources; it conducts no significant independent operations prior to completing a business combination. Founded in 2021 and headquartered at 515 West Greens Road, Suite 1200, Houston, Texas, the company targets opportunities to facilitate the shift from fossil-based energy systems to renewables, leveraging Nabors Industries' expertise in drilling, automation, engineering, and manufacturing across more than 15 countries. In December 2023, NETC completed a business combination with Vast Solar Pty Limited, an Australian concentrated solar thermal power (CSP) developer, after which NETC shares, units, and warrants ceased trading on the NYSE and were delisted, with Vast continuing as a public entity under the ticker VSTE on Nasdaq. As of late 2025, legacy NETC-UN units reflect post-merger status with no active products or services beyond holding merger-related securities; Nabors maintains energy transition investments including geothermal partnerships and decarbonization technologies such as SmartPOWER engine management, PowerTAP rig electrification, and ILLUMIC lighting, though these reside under Nabors Industries rather than NETC directly. Recent developments for the Nabors ecosystem include a February 2025 business combination announcement between Nabors Energy Transition Corp. II (NETD) and e2Companies for AI-based virtual utility power solutions, alongside strategic collaborations expanding oilfield power integration.