earnings
confidence high
sentiment positive
materiality 0.80
Noble Q3 net income $34M, adjusted EBITDA $97M; authorizes $400M share repurchase
Noble Corp plc
2022-Q3 EPS reported
$0.42
revenue$791,255,000
- Q3 revenue $306M, contract drilling revenue $289M; net income $34M ($0.41 EPS).
- Adjusted EBITDA $97M vs $84M prior quarter; free cash flow $44M.
- Board authorized up to $400M share repurchase program with no fixed expiration.
- Maersk Drilling combination closed Oct 3; synergy target $125M within 2 years.
- Q4 guidance: Adjusted EBITDA $155-$175M, capex $65-$85M; backlog $3.9B.