Noble Corporation/$NE

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About Noble Corporation

Noble Corp PLC is an offshore drilling contractor for the oil and gas industry that provides contract drilling services to the international oil and gas industry with its fleet of mobile offshore drilling units. The company focuses on a high-specification fleet of floating and jackup rigs and on deploying its drilling rigs in oil and gas basins around the world. The mobile offshore drilling units comprising the offshore rig fleet operate in international markets for contract drilling services and are often redeployed to different regions due to changing customer demand, which consists mainly of large, integrated, independent, and government-owned or controlled oil and gas companies throughout the world.
Ticker
$NE
Sector
Energy
Primary listing
NYSE
Employees
4,500

NE Metrics

BasicAdvanced
$7.1B
47.22
$0.94
0.92
$2.00
4.52%

What the Analysts think about NE

Analyst ratings (Buy, Hold, Sell) for Noble Corporation stock.
Analyst projections of the future price of Noble Corporation stock.

Bulls say / Bears say

Noble added about $200 million of contract value and ended July with a $6.8 billion backlog. Around $1 billion is scheduled to convert into revenue in the rest of 2026 and $2.3 billion in 2027, giving earnings useful forward visibility. (PR Newswire)
The offshore market is tightening for high-specification drillships. Noble reported leading-edge dayrates in the mid-$400,000s, while 77 ultra-deepwater rig-years were contracted in the first half of 2026, supporting the prospect of stronger pricing as existing work starts. (PR Newswire, Roic AI)
The June refinancing replaced $800 million of legacy debt and is expected to deliver about $35 million a year in interest and tax savings. Noble also maintained its $0.50 quarterly dividend, which supports the shareholder-return case if operations recover. (PR Newswire)
Two Brazilian rig suspensions reduced second-quarter revenue by about $43 million and helped push Noble to a $37 million net loss. Management cut 2026 revenue guidance to $2.8-$2.9 billion and adjusted EBITDA guidance to $850-$925 million. (PR Newswire)
Cash conversion is under pressure: second-quarter free cash flow was negative $59 million against $205 million of capital expenditure. Continuing to fund a capital-intensive fleet while paying the dividend could limit financial flexibility if contract starts slip or rates weaken. (PR Newswire)
The recovery is not yet broad across Noble’s fleet. Utilisation of its 29 marketed rigs fell to 64% in the second quarter, while its 24 marketed floaters were only 61% contracted, leaving material exposure to idle time despite stronger rates for the best drillships. (PR Newswire)
Data summarised monthly by Lightyear AI. Last updated on 15 Sept 2026.

NE Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

NE Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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