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    NOBLE CORPORATION PLC ANNOUNCES FIRST QUARTER 2025 RESULTS

    4/28/25 4:05:00 PM ET
    $NE
    Oil & Gas Production
    Energy
    Get the next $NE alert in real time by email
    • Approximately 15 rig years of new contract awards representing $2.2 to $2.7 billion of revenue potential; backlog increased to $7.5 billion.
    • Q2 quarterly cash dividend maintained at $0.50 per share; approximately $100 million returned to shareholders in Q1.
    • Q1 Net Income of $108 million, Diluted Earnings per Share of $0.67, Adjusted Diluted Earnings per Share of $0.26, Adjusted EBITDA of $338 million, net cash provided by operating activities of $271 million, and Free Cash Flow of $173 million.
    • 2025 Guidance maintained.

    HOUSTON, April 28, 2025 /PRNewswire/ -- Noble Corporation plc (NYSE:NE, ", Noble", or the ", Company", )) today reported first quarter 2025 results.





    Three Months Ended

    (in millions, except per share amounts)



    March 31, 2025



    March 31, 2024



    December 31,

    2024

    Total Revenue



    $                         874



    $                         637



    $                         927

    Contract Drilling Services Revenue



    832



    612



    882

    Net Income (Loss)



    108



    95



    97

    Adjusted EBITDA*



    338



    183



    319

    Adjusted Net Income (Loss)*



    42



    66



    91

    Basic Earnings (Loss) Per Share



    0.68



    0.67



    0.60

    Diluted Earnings (Loss) Per Share



    0.67



    0.66



    0.59

    Adjusted Diluted Earnings (Loss) Per Share*



    0.26



    0.45



    0.56















    * A Non-GAAP supporting schedule is included with the statements and schedules in this press release.

    Robert W. Eifler, President and Chief Executive Officer of Noble, stated "Our strong first quarter financial results and recent contract awards have demonstrated the effectiveness of our First Choice OffshoreSM strategy amid prevalent macroeconomic volatility. Moreover, the booking of over 15 rig years of new contract awards over the past several weeks underscores the durability of our customers' long-term commitments offshore, as well as Noble's place as a trusted service provider for these highly strategic drilling campaigns."

    First Quarter Results

    Contract drilling services revenue for the first quarter of 2025 totaled $832 million compared to $882 million in the fourth quarter of 2024, with the sequential decrease driven primarily by the benefit received in the fourth quarter of 2024 from the Noble Deliverer's early termination fee. Contract drilling services costs for the first quarter were $462 million, down from $527 million in the fourth quarter of 2024. Net income increased to $108 million in the first quarter of 2025, up from $97 million in the fourth quarter of 2024, and Adjusted EBITDA increased to $338 million in the first quarter of 2025, up from $319 million in the prior quarter. Net cash provided by operating activities in the first quarter of 2025 was $271 million, capital expenditures were $114 million offset by proceeds from insurance claims of $15 million, and free cash flow (non-GAAP) was $173 million.

    Balance Sheet & Capital Allocation

    The Company's balance sheet as of March 31, 2025, reflected total debt principal value of $1.98 billion and cash (and cash equivalents) of $304 million.

    The Company repurchased approximately 737 thousand shares in the first quarter for $20 million. On April 28, 2025, Noble's Board of Directors approved an interim quarterly cash dividend on our ordinary shares of $0.50 per share for the second quarter of 2025. The $0.50 per share dividend is expected to be paid on June 18, 2025, to shareholders of record at close of business on June 5, 2025. Future quarterly dividends and other shareholder returns will be subject to, amongst other things, approval by the Board of Directors and may be modified as market conditions dictate.

    Operating Highlights and Backlog

    Noble's marketed fleet of twenty-five floaters was 80% contracted during the first quarter, compared with 74% in the prior quarter. Recent backlog additions since last quarter have added 15 rig years of total floater backlog, materially enhancing contract coverage over the next several years. Recent dayrate fixtures for Tier-1 drillships have been in the low-to-high $400,000s, with 6th generation floater fixtures between the low $300,000s to mid $400,000s.

    Utilization of Noble's thirteen marketed jackups was 74% in the first quarter, versus 82% utilization during the prior quarter. Leading edge dayrates for harsh environment jackups in the North Sea have remained stable, albeit with limited fixtures recently.

    Subsequent to last quarter's earnings press release, new contracts with total contract value of between $2.2 to $2.7 billion (including additional services and mobilization payments, but excluding unexercised extension options) include the following:

    • Noble Voyager and a second Noble V-class 7th generation drillship to be named have each been awarded 4-year contracts with Shell in the U.S. Gulf. The two contracts, scheduled to commence in mid 2026 and Q4 2027, each include a base dayrate value of $606 million (inclusive of upgrades and services but excluding additional fees for mobilization and demobilization). Furthermore, there is the potential to earn performance incentive compensation of up to a maximum of 20% of the base value. The performance incentive is not guaranteed and is contingent upon achieving specific performance targets.
    • Noble Developer and a Noble V-class 7th generation drillship to be named in the coming months have each been awarded 16-well (estimated 1,060 days) contracts with TotalEnergies in Suriname which are expected to commence between Q4 2026 and Q1 2027. Together, the firm revenue of the two contracts is $753 million. These contracts allow for an additional $297 million in revenue tied to collective operational performance program with TotalEnergies.
    • Noble Discoverer received a 390-day extension from Petrobras in Colombia via option exercise, extending the rig from July 2025 to August 2026 at its existing dayrate.
    • Noble Regina Allen received a one-well contract in Suriname with estimated duration of 65 days expected to commence in Q4 2025 with a total contract value estimated at $17.7 million including mobilization and demobilization fees.
    • Noble Viking received a contract from Brunei Shell Petroleum for one well plus one option, scheduled to commence in Q4 2025 with an estimated firm contract value of $14 million.
    • Noble Intrepid has been awarded a one-well contract with DNO Norge in Norway that is expected to commence in August 2025 with estimated duration of 50-90 days.

    Assuming 40% of available performance revenue realized on a combined basis under recent long-term contracts, Noble's backlog as of April 28, 2025, stands at $7.5 billion. Backlog excludes mobilization and demobilization revenue.

    Outlook

    For the full year 2025, Noble maintains the previously issued guidance ranges for Total Revenue between $3,250 to $3,450 million, Adjusted EBITDA in the range of $1,050 to $1,150 million, and Capital Expenditures (net of reimbursements) between $375 to $425 million.

    Commenting on Noble's outlook, Mr. Eifler stated, "Our recent commercial success and 30% sequential increase in backlog have greatly enhanced our visibility through 2030. We remain highly focused on delivering safe and efficient operations for our customers, building strategic backlog, optimizing costs, and producing differentiated free cash flow and return of capital for our shareholders."

    Due to the forward-looking nature of Adjusted EBITDA and Capital Expenditures (net of reimbursements), management cannot reliably predict certain of the necessary components of the most directly comparable forward-looking GAAP measure, net income and capital expenditures, respectively. Accordingly, the Company is unable to present a quantitative reconciliation of such forward-looking non-GAAP financial measure to the most directly comparable forward-looking GAAP financial measure without unreasonable effort. The unavailable information could have a significant effect on Noble's full year 2025 GAAP financial results.

    Conference Call

    Noble will host a conference call related to its first quarter 2025 results on Tuesday, April 29, 2025, at 8:00 a.m. U.S. Central Time. Interested parties may dial +1 800-715-9871 and refer to conference ID 31391 approximately 15 minutes prior to the scheduled start time. Additionally, a live webcast link will be available on the Investor Relations section of the Company's website. A webcast replay will be accessible for a limited time following the call.

    About Noble Corporation plc

    Noble is a leading offshore drilling contractor for the oil and gas industry. The Company owns and operates one of the most modern, versatile, and technically advanced fleets in the offshore drilling industry. Noble and its predecessors have been engaged in the contract drilling of oil and gas wells since 1921. Noble performs, through its subsidiaries, contract drilling services with a fleet of offshore drilling units focused largely on ultra-deepwater and high specification jackup drilling opportunities in both established and emerging regions worldwide. Additional information on Noble is available at www.noblecorp.com.

    Forward-looking Statements

    This communication includes "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, as amended. All statements other than statements of historical facts included in this communication are forward looking statements, including those regarding future guidance, including revenue, adjusted EBITDA, the offshore drilling market and demand fundamentals, realization and timing of integration synergies, costs, the benefits or results of acquisitions or dispositions such as the acquisition of Diamond Offshore Drilling, Inc. (the "Diamond Transaction"), free cash flow expectations, capital expenditures, capital allocation expectations, including planned dividends and share repurchases, contract backlog, including projections for the achievement of performance incentives, rig demand, expected future contracts, options or extensions on existing contracts, anticipated contract start dates, major project schedules, dayrates and duration, any asset sales or the  retirements of rigs, access to capital, fleet condition and utilization, timing and amount of insurance recoveries and 2025 financial guidance. Forward-looking statements involve risks, uncertainties and assumptions, and actual results may differ materially from any future results expressed or implied by such forward-looking statements. When used in this communication, or in the documents incorporated by reference, the words "guidance," "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "on track," "plan," "possible," "potential," "predict," "project," "should," "would," "achieve," "shall," "target," "will" and similar expressions are intended to be among the statements that identify forward-looking statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot assure you that such expectations will prove to be correct. These forward-looking statements speak only as of the date of this communication and we undertake no obligation to revise or update any forward-looking statement for any reason, except as required by law. Risks and uncertainties include, but are not limited to, those detailed in Noble's most recent Annual Report on Form 10-K, Quarterly Reports Form 10-Q and other filings with the U.S. Securities and Exchange Commission. We cannot control such risk factors and other uncertainties, and in many cases, we cannot predict the risks and uncertainties that could cause our actual results to differ materially from those indicated by the forward-looking statements. You should consider these risks and uncertainties when you are evaluating us. With respect to our capital allocation policy, distributions to shareholders in the form of either dividends or share buybacks are subject to the Board of Directors' assessment of factors such as business development, growth strategy, current leverage and financing needs. There can be no assurance that a dividend or buyback program will be declared or continued.

    NOBLE CORPORATION plc AND SUBSIDIARIES

    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

    (In thousands, except per share amounts)







    Three Months Ended March 31,





    2025



    2024

    Operating revenues









    Contract drilling services



    $            832,428



    $            612,425

    Reimbursables and other



    42,059



    24,659





    874,487



    637,084

    Operating costs and expenses









    Contract drilling services



    462,099



    389,867

    Reimbursables



    31,784



    17,680

    Depreciation and amortization



    143,137



    86,698

    General and administrative



    35,208



    25,961

    Merger and integration costs



    14,920



    9,331





    687,148



    529,537

    Operating income (loss)



    187,339



    107,547

    Other income (expense)









    Interest expense, net of amounts capitalized



    (40,467)



    (17,544)

    Interest income and other, net



    1,837



    (4,735)

    Income (loss) before income taxes



    148,709



    85,268

    Income tax benefit (provision)



    (40,406)



    10,213

    Net income (loss)



    $            108,303



    $              95,481











    Per share data









    Basic:









    Net income (loss)



    $                   0.68



    $                   0.67

    Diluted:









    Net income (loss)



    $                   0.67



    $                   0.66

     

    NOBLE CORPORATION plc AND SUBSIDIARIES

    CONDENSED CONSOLIDATED BALANCE SHEETS

    (In thousands)

    (Unaudited)







    March 31, 2025



    December 31, 2024

    ASSETS









    Current assets









    Cash and cash equivalents



    $                303,755



    $                247,303

    Accounts receivable, net



    756,303



    796,961

    Prepaid expenses and other current assets



    383,147



    344,600

    Total current assets



    1,443,205



    1,388,864

    Intangible assets



    —



    214

    Property and equipment, at cost



    6,955,070



    6,904,731

    Accumulated depreciation



    (1,006,622)



    (868,914)

    Property and equipment, net



    5,948,448



    6,035,817

    Other assets



    518,308



    539,873

    Total assets



    $             7,909,961



    $             7,964,768

    LIABILITIES AND EQUITY









    Current liabilities









    Accounts payable



    $                306,972



    $                397,622

    Accrued payroll and related costs



    93,686



    116,877

    Other current liabilities



    519,304



    425,863

    Total current liabilities



    919,962



    940,362

    Long-term debt



    1,978,771



    1,980,186

    Other liabilities



    352,403



    384,254

    Noncurrent contract liabilities



    916



    8,580

    Total liabilities



    3,252,052



    3,313,382

    Commitments and contingencies









    Total shareholders' equity



    4,657,909



    4,651,386

    Total liabilities and equity



    $             7,909,961



    $             7,964,768

     

    NOBLE CORPORATION plc AND SUBSIDIARIES

    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

    (In thousands)

    (Unaudited)







    Three Months Ended March 31,





    2025



    2024

    Cash flows from operating activities









    Net income (loss)



    $                108,303



    $                   95,481

    Adjustments to reconcile net income (loss) to net cash flow from operating activities:









    Depreciation and amortization



    143,137



    86,698

    Amortization of intangible assets and contract liabilities, net



    (7,450)



    (20,353)

    Changes in components of working capital and other operating activities



    27,070



    (33,137)

    Net cash provided by (used in) operating activities



    271,060



    128,689

    Cash flows from investing activities









    Capital expenditures



    (113,536)



    (166,610)

    Proceeds from insurance claims



    15,391



    —

    Net cash provided by (used in) investing activities



    (98,145)



    (166,610)

    Cash flows from financing activities









    Warrants exercised



    38



    6

    Share repurchases



    (20,000)



    —

    Dividend payments



    (81,406)



    (59,418)

    Taxes withheld on employee stock transactions



    (9,073)



    (53,431)

    Finance lease payments



    (6,019)



    —

    Net cash provided by (used in) financing activities



    (116,460)



    (112,843)

    Net increase (decrease) in cash, cash equivalents and restricted cash



    56,455



    (150,764)

    Cash, cash equivalents and restricted cash, beginning of period



    252,279



    367,745

    Cash, cash equivalents and restricted cash, end of period



    $                308,734



    $                216,981

     

    NOBLE CORPORATION plc AND SUBSIDIARIES

    OPERATIONAL INFORMATION

    (Unaudited)





    Average Rig Utilization (1)



    Three Months Ended



    Three Months Ended



    Three Months Ended



    March 31, 2025



    December 31, 2024



    March 31, 2024

    Floaters

    74 %



    68 %



    64 %

    Jackups

    74 %



    82 %



    67 %

    Total

    74 %



    73 %



    65 %



























    Operating Days



    Three Months Ended



    Three Months Ended



    Three Months Ended



    March 31, 2025



    December 31, 2024



    March 31, 2024

    Floaters

    1,800



    1,713



    1,101

    Jackups

    871



    978



    794

    Total

    2,671



    2,691



    1,895



























    Average Dayrates



    Three Months Ended



    Three Months Ended



    Three Months Ended



    March 31, 2025



    December 31, 2024



    March 31, 2024

    Floaters

    $               381,161



    $               419,909



    $               433,608

    Jackups

    159,527



    152,419



    144,187

    Total

    $               308,898



    $               322,746



    $               312,502



    (1) Average Rig Utilization statistics include all marketed and cold stacked rigs.

     

    NOBLE CORPORATION plc AND SUBSIDIARIES

    CALCULATION OF BASIC AND DILUTED NET INCOME/(LOSS) PER SHARE

    (In thousands, except per share amounts)

    (Unaudited)



    The following tables presents the computation of basic and diluted income (loss) per share:







    Three Months Ended

    March 31,





    2025



    2024

    Numerator:









    Net income (loss)



    $            108,303



    $              95,481

    Denominator:









    Weighted average shares outstanding - basic



    159,006



    141,954

    Dilutive effect of share-based awards



    2,134



    1,574

    Dilutive effect of warrants



    797



    1,703

    Weighted average shares outstanding - diluted



    161,937



    145,231

    Per share data









    Basic:









    Net income (loss)



    $                   0.68



    $                   0.67

    Diluted:









    Net income (loss)



    $                   0.67



    $                   0.66

     

    NOBLE CORPORATION plc AND SUBSIDIARIES

    NON-GAAP MEASURES AND RECONCILIATION

    Certain non-GAAP measures and corresponding reconciliations to GAAP financial measures for the Company have been provided for meaningful comparisons between current results and prior operating periods. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position, or cash flows that excludes or includes amounts that are not normally included or excluded in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles.

    The Company defines "Adjusted EBITDA" as net income (loss) adjusted for interest expense, net of amounts capitalized; interest income and other, net; income tax benefit (provision); and depreciation and amortization expense, as well as, if applicable, gain (loss) on extinguishment of debt, net; losses on economic impairments; amortization of intangible assets and contract liabilities, net; restructuring and similar charges; costs related to mergers and integrations; and certain other infrequent operational events. We believe that the Adjusted EBITDA measure provides greater transparency of our core operating performance. We prepare Adjusted Net Income (Loss) by eliminating from Net Income (Loss) the impact of a number of non-recurring items we do not consider indicative of our on-going performance. We prepare Adjusted Diluted Earnings (Loss) per Share by eliminating from Diluted Earnings per Share the impact of a number of non-recurring items we do not consider indicative of our on-going performance. Similar to Adjusted EBITDA, we believe these measures help identify underlying trends that could otherwise be masked by the effect of the non-recurring items we exclude in the measure.

    The Company also discloses free cash flow as a non-GAAP liquidity measure. Free cash flow is calculated as Net cash provided by (used in) operating activities less cash paid for capital expenditures. We believe Free Cash Flow is useful to investors because it measures our ability to generate or use cash. Once business needs and obligations are met, this cash can be used to reinvest in the company for future growth or to return to shareholders through dividend payments or share repurchases. We may have certain obligations such as non-discretionary debt service that are not deducted from the measure. Such business needs, obligations, and other non-discretionary expenditures that are not deducted from Free Cash Flow would reduce cash available for other uses including return of capital.

    We believe that these non-GAAP financial measures provide useful information about our financial performance, enhance the overall understanding of our past performance and future prospects, and allow for greater transparency with respect to key metrics used by our management team for financial and operational decision-making. We are presenting these non-GAAP financial measures to assist investors in seeing our financial performance through the eyes of management, and because we believe that these measures provide an additional tool for investors to use in comparing our core financial performance over multiple periods with other companies in our industry.

    These non-GAAP adjusted measures should be considered in addition to, and not as a substitute for, or superior to, contract drilling revenue, contract drilling costs, contract drilling margin, average daily revenue, operating income, cash flows from operations, or other measures of financial performance prepared in accordance with GAAP. Please see the following non-GAAP Financial Measures and Reconciliations for a complete description of the adjustments.

    NOBLE CORPORATION plc AND SUBSIDIARIES

    NON-GAAP MEASURES AND RECONCILIATION

    (In thousands, except per share amounts)

    (Unaudited)



    Reconciliation of Adjusted EBITDA









    Three Months Ended March 31,



    Three Months Ended





    2025



    2024



    December 31, 2024

    Net income (loss)



    $                108,303



    $                   95,481



    $                     96,648

    Income tax (benefit) provision



    40,406



    (10,213)



    27,814

    Interest expense, net of amounts capitalized



    40,467



    17,544



    39,720

    Interest income and other, net



    (1,837)



    4,735



    6,812

    Depreciation and amortization



    143,137



    86,698



    141,279

    Amortization of intangible assets and contract liabilities, net



    (7,450)



    (20,353)



    (13,452)

    Merger and integration costs



    14,920



    9,331



    20,261

    Adjusted EBITDA



    $                337,946



    $                183,223



    $                   319,082

     

    Reconciliation of Income Tax Benefit (Provision)













    Three Months Ended March 31,



    Three Months Ended





    2025



    2024



    December 31, 2024

    Income tax benefit (provision)



    $                 (40,406)



    $                   10,213



    $                   (27,814)

    Adjustments













    Amortization of intangible assets and contract liabilities, net



    —



    58



    859

    Discrete tax items



    (73,295)



    (18,528)



    (17,415)

    Total Adjustments



    (73,295)



    (18,470)



    (16,556)

    Adjusted income tax benefit (provision)



    $              (113,701)



    $                    (8,257)



    $                   (44,370)

     

    NOBLE CORPORATION plc AND SUBSIDIARIES

    NON-GAAP MEASURES AND RECONCILIATION

    (In thousands, except per share amounts)

    (Unaudited)

     















    Reconciliation of Net Income (Loss)

















    Three Months Ended March 31,



    Three Months Ended





    2025



    2024



    December 31, 2024

    Net income (loss)



    $                108,303



    $                   95,481



    $                     96,648

    Adjustments













    Amortization of intangible assets and contract liabilities, net



    (7,450)



    (20,295)



    (12,593)

    Joint taxation scheme compensation



    —



    —



    4,018

    Merger and integration costs



    14,920



    9,331



    20,261

    Discrete tax items



    (73,295)



    (18,528)



    (17,415)

    Total Adjustments



    (65,825)



    (29,492)



    (5,729)

    Adjusted net income (loss)



    $                   42,478



    $                   65,989



    $                     90,919















    Reconciliation of Diluted EPS

















    Three Months Ended March 31,



    Three Months Ended





    2025



    2024



    December 31, 2024

    Unadjusted diluted EPS



    $                        0.67



    $                        0.66



    $                          0.59

    Adjustments













    Amortization of intangible assets and contract liabilities, net



    (0.05)



    (0.14)



    (0.08)

    Joint taxation scheme compensation



    —



    —



    0.02

    Merger and integration costs



    0.09



    0.06



    0.12

    Discrete tax items



    (0.45)



    (0.13)



    (0.09)

    Total Adjustments



    (0.41)



    (0.21)



    (0.03)

    Adjusted diluted EPS



    $                        0.26



    $                        0.45



    $                          0.56















    Reconciliation of Free Cash Flow and Capital expenditures, net of proceeds from insurance claims

















    Three Months Ended March 31,



    Three Months Ended





    2025



    2024



    December 31, 2024

    Net cash provided by (used in) operating activities



    $                271,060



    $                128,689



    $                   136,214

    Capital expenditures



    (113,536)



    (166,610)



    (140,662)

    Proceeds from insurance claims



    15,391



    —



    6,871

    Free cash flow



    $                172,915



    $                 (37,921)



    $                        2,423

     

    Cision View original content:https://www.prnewswire.com/news-releases/noble-corporation-plc-announces-first-quarter-2025-results-302440174.html

    SOURCE Noble Corporation plc

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    • NOBLE CORPORATION PLC ANNOUNCES FIRST QUARTER 2025 RESULTS

      Approximately 15 rig years of new contract awards representing $2.2 to $2.7 billion of revenue potential; backlog increased to $7.5 billion.Q2 quarterly cash dividend maintained at $0.50 per share; approximately $100 million returned to shareholders in Q1.Q1 Net Income of $108 million, Diluted Earnings per Share of $0.67, Adjusted Diluted Earnings per Share of $0.26, Adjusted EBITDA of $338 million, net cash provided by operating activities of $271 million, and Free Cash Flow of $173 million.2025 Guidance maintained.HOUSTON, April 28, 2025 /PRNewswire/ -- Noble Corporation plc (NYSE:NE, ", Noble", or the ", Company", )) today reported first quarter 2025 results. Three Months Ended (in mill

      4/28/25 4:05:00 PM ET
      $NE
      Oil & Gas Production
      Energy
    • Noble Corporation plc to announce first quarter 2025 results

      HOUSTON, April 8, 2025 /PRNewswire/ -- Noble Corporation plc ("Noble" or the "Company") (NYSE:NE) today announces plans to report financial results for the first quarter 2025 on Monday April 28, 2025 after the U.S. market close. The Company's earnings press release and accompanying earnings presentation will be available on the Noble website at www.noblecorp.com.  Noble will host a conference call related to its first quarter 2025 results on Tuesday, April 29, 2025 at 8:00 a.m. U.S. Central Time.  Interested parties may dial (800) 715-9871 and refer to conference ID 31391 approximately 15 minutes prior to the scheduled start time.  Alternatively, participants may register for the conference

      4/8/25 4:05:00 PM ET
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      Oil & Gas Production
      Energy
    • NOBLE CORPORATION PLC ANNOUNCES FOURTH QUARTER AND FULL YEAR 2024 RESULTS

      Over $575 million of capital returned via dividends and share buybacks in 2024.Diamond integration progressing on plan, with half of $100 million targeted synergies realized to date.Approximately $525 million in new contract awards since November, with total backlog at $5.8 billion.Full Year 2025 Guidance provided as follows: Total Revenue $3,250 to $3,450 million, Adjusted EBITDA $1,050 to $1,150 million, and Capital Expenditures (net of reimbursements) $375 to $425 million.HOUSTON, Feb. 17, 2025 /PRNewswire/ -- Noble Corporation plc (NYSE:NE, ", Noble", , or the ", Company", )) today reported fourth quarter and full year 2024 results. Three Months Ended (in millions, except per share amo

      2/17/25 3:45:00 PM ET
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    $NE
    Insider Purchases

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    • Director Hirshberg Al J. bought $230,000 worth of A Ordinary Shares (10,000 units at $23.00), increasing direct ownership by 21% to 29,130 units (SEC Form 4)

      4 - Noble Corp plc (0001895262) (Issuer)

      3/13/25 8:34:30 AM ET
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      Oil & Gas Production
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    • Director Sledge Charles M bought $250,247 worth of A Ordinary Shares (8,992 units at $27.83), gifted 8,334 units of A Ordinary Shares and received a gift of 8,334 units of A Ordinary Shares, increasing direct ownership by 2% to 30,027 units (SEC Form 4)

      4 - Noble Corp plc (0001895262) (Issuer)

      2/24/25 4:35:35 PM ET
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      Oil & Gas Production
      Energy
    • EVP and CFO Barker Richard B. bought $223,520 worth of A Ordinary Shares (8,000 units at $27.94), increasing direct ownership by 3% to 298,505 units (SEC Form 4)

      4 - Noble Corp plc (0001895262) (Issuer)

      2/20/25 6:05:13 PM ET
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    $NE
    Insider Trading

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    • Director Pickard Ann Darlene converted options into 3,673 units of A Ordinary Shares, increasing direct ownership by 15% to 27,803 units (SEC Form 4)

      4 - Noble Corp plc (0001895262) (Issuer)

      5/9/25 4:45:51 PM ET
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      Oil & Gas Production
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    • Director Maxwell Alastair converted options into 3,673 units of A Ordinary Shares, increasing direct ownership by 40% to 12,866 units (SEC Form 4)

      4 - Noble Corp plc (0001895262) (Issuer)

      5/9/25 4:44:19 PM ET
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      Oil & Gas Production
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    • SVP, Gen. Counsel & Corp. Sec. Howard Jennie converted options into 2,051 units of A Ordinary Shares and sold $19,521 worth of A Ordinary Shares (808 units at $24.16), increasing direct ownership by 17% to 8,580 units (SEC Form 4)

      4 - Noble Corp plc (0001895262) (Issuer)

      4/3/25 5:57:49 PM ET
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      Oil & Gas Production
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    $NE
    SEC Filings

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    • Noble Corporation plc A filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits

      8-K - Noble Corp plc (0001895262) (Filer)

      5/9/25 4:42:29 PM ET
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    • SEC Form 10-Q filed by Noble Corporation plc A

      10-Q - Noble Corp plc (0001895262) (Filer)

      4/29/25 12:38:44 PM ET
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      Oil & Gas Production
      Energy
    • Noble Corporation plc A filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - Noble Corp plc (0001895262) (Filer)

      4/28/25 4:55:53 PM ET
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    $NE
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

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    • Noble Corporation upgraded by Analyst with a new price target

      Analyst upgraded Noble Corporation from Neutral to Overweight and set a new price target of $30.00

      5/28/25 8:08:21 AM ET
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      Oil & Gas Production
      Energy
    • Noble Corporation downgraded by Evercore ISI with a new price target

      Evercore ISI downgraded Noble Corporation from Outperform to In-line and set a new price target of $41.00 from $64.00 previously

      1/15/25 7:38:41 AM ET
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      Oil & Gas Production
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    • Analyst initiated coverage on Noble Corporation with a new price target

      Analyst initiated coverage of Noble Corporation with a rating of Neutral and set a new price target of $37.00

      12/6/24 7:57:34 AM ET
      $NE
      Oil & Gas Production
      Energy

    $NE
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    • NOBLE CORPORATION PLC ANNOUNCES FIRST QUARTER 2025 RESULTS

      Approximately 15 rig years of new contract awards representing $2.2 to $2.7 billion of revenue potential; backlog increased to $7.5 billion.Q2 quarterly cash dividend maintained at $0.50 per share; approximately $100 million returned to shareholders in Q1.Q1 Net Income of $108 million, Diluted Earnings per Share of $0.67, Adjusted Diluted Earnings per Share of $0.26, Adjusted EBITDA of $338 million, net cash provided by operating activities of $271 million, and Free Cash Flow of $173 million.2025 Guidance maintained.HOUSTON, April 28, 2025 /PRNewswire/ -- Noble Corporation plc (NYSE:NE, ", Noble", or the ", Company", )) today reported first quarter 2025 results. Three Months Ended (in mill

      4/28/25 4:05:00 PM ET
      $NE
      Oil & Gas Production
      Energy
    • Noble Corporation plc to announce first quarter 2025 results

      HOUSTON, April 8, 2025 /PRNewswire/ -- Noble Corporation plc ("Noble" or the "Company") (NYSE:NE) today announces plans to report financial results for the first quarter 2025 on Monday April 28, 2025 after the U.S. market close. The Company's earnings press release and accompanying earnings presentation will be available on the Noble website at www.noblecorp.com.  Noble will host a conference call related to its first quarter 2025 results on Tuesday, April 29, 2025 at 8:00 a.m. U.S. Central Time.  Interested parties may dial (800) 715-9871 and refer to conference ID 31391 approximately 15 minutes prior to the scheduled start time.  Alternatively, participants may register for the conference

      4/8/25 4:05:00 PM ET
      $NE
      Oil & Gas Production
      Energy
    • NOBLE CORPORATION PLC ANNOUNCES FOURTH QUARTER AND FULL YEAR 2024 RESULTS

      Over $575 million of capital returned via dividends and share buybacks in 2024.Diamond integration progressing on plan, with half of $100 million targeted synergies realized to date.Approximately $525 million in new contract awards since November, with total backlog at $5.8 billion.Full Year 2025 Guidance provided as follows: Total Revenue $3,250 to $3,450 million, Adjusted EBITDA $1,050 to $1,150 million, and Capital Expenditures (net of reimbursements) $375 to $425 million.HOUSTON, Feb. 17, 2025 /PRNewswire/ -- Noble Corporation plc (NYSE:NE, ", Noble", , or the ", Company", )) today reported fourth quarter and full year 2024 results. Three Months Ended (in millions, except per share amo

      2/17/25 3:45:00 PM ET
      $NE
      Oil & Gas Production
      Energy

    $NE
    Leadership Updates

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    • ARRAY Technologies Names H. Keith Jennings as Chief Financial Officer

      ALBUQUERQUE, N.M., Dec. 03, 2024 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ:ARRY) ("ARRAY" or the "Company"), a leading provider of tracker solutions and services for utility-scale solar energy projects, has named H. Keith Jennings as its chief financial officer, effective January 6, 2025. Jennings will report directly to ARRAY's Chief Executive Officer, Kevin G. Hostetler.  With a career spanning over three decades across multiple industries, Jennings brings extensive expertise in corporate finance, risk management, investor relations, and strategic growth initiatives. He has a proven track record of driving mergers and acquisitions, optimizing capital structures, and building end-

      12/3/24 9:00:32 AM ET
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      $FEAM
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      Miscellaneous manufacturing industries
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    • Noble Corporation plc announces the resolutions adopted at its 2023 annual general meeting of shareholders

      SUGAR LAND, Texas, May 3, 2023 /PRNewswire/ -- Noble Corporation plc ("Noble") (CSE:NOBLE, NYSE:NE) announces the resolutions adopted at its 2023 annual general meeting of shareholders held on May 2, 2023. The following resolutions were adopted: Robert W. Eifler, Claus V. Hemmingsen, Alan J. Hirshberg, Kristin H. Holth, Alastair Maxwell, Ann D. Pickard and Charles M. Sledge were re-elected as directors of Noble. After the annual general meeting of shareholders, the board of directors convened and elected Charles M. Sledge as chairman.Ratification of the appointment of PricewaterhouseCoopers LLP (US) as Independent Registered Public Accounting Firm for fiscal year 2023.Re-appointment of Price

      5/3/23 8:51:00 AM ET
      $NE
      Oil & Gas Production
      Energy
    • NOBLE CORPORATION ANNOUNCES NEW VICE PRESIDENT OF INVESTOR RELATIONS

      SUGAR LAND, Texas, Aug. 1, 2022 /PRNewswire/ -- Noble Corporation (NYSE:NE, ", Noble", , or the ", Company", ))) today announced the appointment of Ian Macpherson as Vice President, Investor Relations effective August 1, 2022.  Prior to joining Noble, Mr. Macpherson served 18 years at Piper Sandler and its predecessor firm, Simmons Energy, as lead analyst for the global oil field services sector, including the offshore drilling industry.  Ian holds a BS from Georgetown University and an MBA from Tulane University.  "We are excited to welcome Ian to the Noble team," said Robert

      8/1/22 7:19:00 PM ET
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    $NE
    Large Ownership Changes

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    • Amendment: SEC Form SC 13D/A filed by Noble Corporation plc A

      SC 13D/A - Noble Corp plc (0001895262) (Subject)

      11/8/24 2:31:45 PM ET
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    • Amendment: SEC Form SC 13D/A filed by Noble Corporation plc A

      SC 13D/A - Noble Corp plc (0001895262) (Subject)

      9/5/24 10:59:12 AM ET
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    • Amendment: SEC Form SC 13D/A filed by Noble Corporation plc A

      SC 13D/A - Noble Corp plc (0001895262) (Subject)

      7/15/24 4:45:51 PM ET
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