NOBLE CORPORATION PLC ANNOUNCES THIRD QUARTER 2026 RESULTS
Key Highlights
- ➤Noble (NE) Q3 net loss $117 million, or $0.73 per diluted share
- ➤Q3 Adjusted EBITDA $201 million, down from $212 million sequentially
- ➤Noble secured approximately $560 million in new contracts; backlog reached $6.7 billion
- ➤2026 revenue guidance narrowed to $2.850-$2.900 billion; Adjusted EBITDA to $850-$900 million
- ➤2026 capital expenditures guidance increased to $680-$705 million, mainly from reimbursable spending
Expert Statements
Robert W. Eifler, President and Chief Executive Officer of Noble
“The third quarter, which featured a 5% sequential decrease in Adjusted EBITDA, marked the successful resumption of operations for both of our rigs in Brazil, but was also impacted by several other rigs across the fleet transitioning between contracts. On the commercial front, we have recently secured approximately $560 million in new contract awards, including a number of key programs that support a strengthening fleet utilization profile as we move through 2027.”
Robert W. Eifler, President and Chief Executive Officer of Noble
“Forward contract coverage and dayrate trends for both deepwater and ultra harsh environment jackups continue to methodically improve, despite limited apparent demand tailwinds arising from higher oil prices during 2026 thus far. Noble's recent contract fixtures encompass a diversity of customers and regions, spanning frontier exploration to late-cycle well operations. We continue to build backlog that supports an expected meaningful inflection in fleet utilization and cash flow starting H2 2027, with already approximately 20% more contracted capacity in our fleet in H2 2027 compared to H1 2027.”
NOBLE CORPORATION PLC ANNOUNCES THIRD QUARTER 2026 RESULTS PR Newswire
* Approximately $560 million in new contract value awarded since the July fleet status report; backlog stands at $6.7 billion. * $0.50 per share cash dividend declared for Q4, maintaining consistent return of capital program. * Q3 Net Loss of $(117) million, Diluted Loss per Share of $(0.73), Adjusted Diluted Earnings (Loss) per Share of $(0.57), Adjusted EBITDA of $201 million, net cash provided by operating activities of $144 million, and Free Cash Flow of $(48) million. * Full Year 2026 Guidance for Revenue and Adjusted EBITDA narrowed within prior guidance ranges; Capital Expenditures guidance increased, primarily attributable to higher customer reimbursable Capital Expenditures. HOUSTON, Oct. 26, 2026 /PRNewswire/ -- Noble Corporation plc (NYSE: NE, "Noble" or the "Company") today reported third quarter 2026 results.
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