earnings
confidence high
sentiment positive
materiality 0.70
Noble Q2 net income $66M, initiates $0.30 dividend, backlog reaches $5.0B
Noble Corp plc
2023-Q2 EPS reported
$1.19
revenue$1,248,589,000
- Revenue $639M, up from $275M YoY; contract drilling services revenue $606M.
- Net income $66M, diluted EPS $0.45; Adjusted EBITDA $188M, free cash flow $104M.
- Backlog grows 9% to $5.0B; new contracts worth $0.8B, including $500M Petrobras deal.
- Initiated quarterly dividend of $0.30/share payable Sept 14 to holders of record Aug 17.
- Share repurchases of $60M in Q2; FY 2023 guidance maintained: rev $2.35-2.55B, EBITDA $725-825M.