earnings
confidence high
sentiment positive
materiality 0.85
Noble Q2 net income $195M; announces Diamond Offshore acquisition; dividend raised to $0.50
Noble Corp plc
2024-Q2 EPS reported
$1.99
revenue$1,329,928,000
- Q2 net income $195M, diluted EPS $1.34; Adjusted EBITDA $271M on revenue $693M.
- Full-year revenue guidance raised to $2.65-2.75B; Adj EBITDA narrowed to $950M-$1B.
- Announced acquisition of Diamond Offshore Drilling; expected to close by Q1 2025.
- Q3 dividend increased to $0.50/share (from $0.40); payable Sept 26, record Sept 12; $2.00 annualized.
- Backlog $4.2B; new contracts worth ~$275M; free cash flow negative $26M due to working capital build.