earnings
confidence high
sentiment neutral
materiality 0.75
Noble Q3 net income $61M, adj EBITDA $291M; adds $400M buyback authorization
Noble Corp plc
2024-Q3 EPS reported
$2.37
revenue$2,130,477,000
- Net income $61M ($0.40 diluted EPS), Adjusted EBITDA $291M, free cash flow $165M.
- Diamond Offshore acquisition closed Sep 4, 2024; total backlog $6.2B as of Nov 5.
- Board authorized additional $400M share repurchase; Q4 dividend of $0.50/share payable Dec 19.
- Q4 2024 guidance: Revenue $850-890M, Adj EBITDA $275-305M, CapEx $105-135M.
- Q3 marketed fleet utilization 81% floaters, 83% jackups; ExxonMobil extended 4 drillships to Q3 2028.