Noble cuts Q4 2022 Adj. EBITDA guidance to $140-150M; net debt $203M

Noble Corp plc

Adjusted EBITDA expected $140-150M, down from prior guidance of $155-175M due to Noble Regina Allen mechanical issues.
Net debt $203M ($673M debt, $470M cash) as of Dec 31, 2022; over $85M share repurchases in Q4.
Drillship Noble Stanley Lafosse awarded $148M contract for six-well program in US Gulf of Mexico.
Drillship Noble Faye Kozak one-well contract with Kosmos at $450,000/day for 50 days.
Noble Regina Allen contract terminated; jacking system failure; off dayrate, no loss-of-hire insurance.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Noble Corp plc updated its the fourth quarter of 2022 guidance (lowered).

Period: the fourth quarter of 2022
Guidance: lowered
Result: guidance update

Exact text from the filing

In accordance with Danish legal and stock exchange requirements, Noble announced that, although Noble has not completed its preparation of audited financial statements for the fourth quarter of 2022, it has determined, based on preliminary results, that it expects Adjusted EBITDA (a non-GAAP financial measure) to be between $140 and $150 million, rather than between $155 and $175 million as previously disclosed.

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

Noble Corp plc filing history →

Source: SEC EDGAR

accession 0001193125-23-012309

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.