Welcome to our dedicated page for Noble news (Ticker: NE), a resource for investors and traders seeking the latest updates and insights on Noble stock.
Noble Corp (NE) maintains its position as a leader in offshore drilling through continuous innovation and strategic operations. This news hub provides investors and industry professionals with essential updates on the company's activities in ultra-deepwater drilling and high-specification jackup rig deployments.
Access authoritative information spanning earnings announcements, fleet modernization progress, and strategic partnerships. Our curated collection ensures you stay informed about operational milestones in key markets Noble serves, from established offshore basins to emerging energy regions.
Key updates include contract awards, technical advancements in drilling operations, and capital management initiatives. The resource eliminates the need to track multiple sources by providing verified updates on Noble's specialized drilling services and market positioning.
Bookmark this page for streamlined access to NE's latest developments. Check regularly for factual reporting on how the company navigates complex offshore environments while maintaining one of the industry's most modern fleets.
Noble Corporation reported strong Q1 2025 financial results, with net income of $108 million and diluted earnings per share of $0.67. The company secured approximately 15 rig years of new contract awards, representing potential revenue of $2.2 to $2.7 billion.
Key financial highlights:
- Total revenue: $874 million
- Adjusted EBITDA: $338 million
- Free cash flow: $173 million
- Total backlog increased to $7.5 billion
The company maintained its quarterly cash dividend at $0.50 per share and returned approximately $100 million to shareholders in Q1. Notable contract wins include two 4-year agreements with Shell in the U.S. Gulf and two 16-well contracts with TotalEnergies in Suriname. The company's fleet performance showed 80% utilization for floaters and 74% for jackups.
Noble maintains its 2025 guidance with total revenue between $3,250 to $3,450 million and Adjusted EBITDA ranging from $1,050 to $1,150 million.
Noble (NYSE: NE) has announced it will release its first quarter 2025 financial results on Monday, April 28, 2025, after the U.S. market closes. The earnings release and presentation will be available on the company's website.
A conference call to discuss the Q1 2025 results is scheduled for Tuesday, April 29, 2025, at 8:00 a.m. U.S. Central Time. Investors can participate by dialing (800) 715-9871 with conference ID 31391, or by pre-registering through the provided link. A live webcast will be available on Noble's Investor Relations webpage, with a replay accessible for a time after the call.
Noble (NYSE: NE) reported strong Q4 2024 results, with contract drilling services revenue reaching $882 million, up from $764 million in Q3. Net income increased to $97 million from $61 million in Q3, while Adjusted EBITDA rose to $319 million from $291 million.
The company returned over $575 million to shareholders in 2024 through dividends ($278 million) and share buybacks ($300 million). The Diamond integration is progressing well, with half of the targeted $100 million synergies realized. Noble secured approximately $525 million in new contract awards since November, maintaining a total backlog of $5.8 billion.
For 2025, Noble projects Total Revenue of $3,250-$3,450 million, Adjusted EBITDA of $1,050-$1,150 million, and Capital Expenditures of $375-$425 million. The Board approved a quarterly dividend of $0.50 per share for Q1 2025.
Noble (NYSE: NE) has announced plans to divest two cold stacked drillships, the Pacific Meltem and Pacific Scirocco. The company aims to eliminate costs associated with these non-operational units and focus resources on its marketed fleet. The divestment strategy includes potentially scrapping the units, effectively retiring them permanently from drilling operations.
CEO Robert W. Eifler explained that the decision to retire these non-contributing assets stems from a continuous cost-benefit evaluation of idle capacity. The move is expected to be immediately cash flow accretive and result in a more optimized fleet composition for Noble.
Noble plc (NYSE: NE) has announced it will release its fourth quarter and full year 2024 financial results on Monday, February 17, 2025, after the U.S. market close. The company will make its earnings press release and presentation available on their website at www.noblecorp.com.
A conference call to discuss the results is scheduled for Tuesday, February 18, 2025, at 9:00 a.m. U.S. Central Time. Participants can join by dialing (800) 715-9871 with conference ID 31391, or by pre-registering through the provided link. A live webcast will be available on the company's Investor Relations section, with a replay accessible for a time after the call.
Noble reported Q3 2024 results following the closure of Diamond acquisition on September 4th. Key highlights include: net income of $61 million, diluted EPS of $0.40, and Adjusted EBITDA of $291 million. The company generated $284 million in operating cash flow and $165 million in free cash flow. The Board approved a $0.50 per share dividend for Q4 2024 and authorized an additional $400 million share repurchase program. Q4 2024 guidance projects revenue of $850-890 million and Adjusted EBITDA of $275-305 million. The company's current backlog stands at $6.2 billion.
Noble plc (CSE: NOBLE, NYSE: NE) has announced plans to release its third quarter 2024 financial results on Tuesday, November 5, 2024, after the U.S. market closes. The company will host a conference call to discuss the results on Wednesday, November 6, 2024, at 8:00 a.m. U.S. Central Time.
Interested parties can access the call by dialing +1 (800) 715-9871 and referencing conference ID 31391. Alternatively, a live webcast will be available on the Investor Relations section of Noble's website. The earnings press release and accompanying presentation will be accessible on the company's website at www.noblecorp.com. A replay of the webcast will be available for a time following the call.
Noble plc (NYSE: NE) has announced changes to its share capital for September 2024. The company repurchased approximately $205.7 million of A ordinary shares at a weighted average price of $35.63 per share, with 6,938,128 repurchased shares cancelled. Additionally, 45 new A ordinary shares were issued due to warrant exercises at $23.13 per share, generating $1,040.85 in proceeds.
Following these changes, Noble has 160,341,619 A ordinary shares outstanding. The company also announced its intention to voluntarily delist from NASDAQ Copenhagen in late 2024 or early 2025, while maintaining its primary listing on the New York Stock Exchange. Shareholders of Danish Shares have options to transfer their shares to NYSE or sell prior to delisting.
Noble plc (NYSE: NE) has completed its acquisition of Diamond Offshore Drilling, Inc, enhancing its position as a leading offshore driller. The transaction creates the largest fleet of 7th generation dual-BOP drillships in the industry and adds approximately $2 billion of backlog. Noble has appointed Patrice Douglas from Diamond's board to serve as a new director. The company's current backlog has increased to $6.7 billion, including 4.8 rig years of backlog recently awarded under the Commercial Enabling Agreement with ExxonMobil for operations in Guyana. Noble issued 24,239,941 class A ordinary shares to former Diamond shareholders, bringing the total outstanding shares to 167,279,702.
Noble plc (NYSE: NE, CSE: NOBLE) has announced changes to its share capital for August 2024. The company repurchased approximately $44.2 million of A ordinary shares at a weighted average price of $37.90 per share. Additionally, 120,506 new A ordinary shares were issued, including 110,620 shares from warrant exercises and 9,886 shares to employees from vested restricted stock units. The total outstanding A ordinary shares now stand at 143,039,218.
Noble also revealed its intention to voluntarily delist from NASDAQ Copenhagen in late 2024 or early 2025, while maintaining its primary listing on the New York Stock Exchange. Shareholders of Danish Shares have options to transfer their shares to NYSE or sell prior to delisting.
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