earnings
confidence high
sentiment positive
materiality 0.80
Noble Q1 net income $95M, adj. EBITDA $183M, declares $0.40 dividend, backlog $4.4B
Noble Corp plc
2024-Q1 EPS reported
$0.66
revenue$637,084,000
- Revenue $637M ($612M contract drilling), net income $95M ($0.66 diluted EPS); adjusted net income $66M ($0.45 adjusted EPS).
- Adjusted EBITDA $183M, up 32% YoY from $138M; free cash flow -$38M due to $167M capex.
- Dividend declared $0.40/share, payable June 27, 2024, record June 6, 2024; annualized $1.60.
- New contracts with total value ~$215M, including Noble Venturer (Trident, Rhino), Noble Viking (Prime Energy), Noble Voyager (Petronas), Noble Innovator (BP).
- FY 2024 guidance maintained: revenue $2,550M-$2,700M, adj. EBITDA $925M-$1,025M, capex $400M-$440M.