earnings
confidence high
sentiment positive
materiality 0.85
Noble Q1 net income $108M; backlog hits $7.5B on Shell, TotalEnergies contracts
Noble Corp plc
2025-Q1 EPS reported
$0.67
revenue$874,487,000
- Diluted EPS $0.67; adjusted EPS $0.26; adjusted EBITDA $338M on revenue $874M.
- Backlog increased 30% sequentially to $7.5B with 15 rig years of new awards worth $2.2-2.7B.
- Four new long-term drillship contracts: two with Shell (4-yr each, $606M base) and two with TotalEnergies (16-well each, $753M firm).
- Q2 cash dividend maintained at $0.50 per share; $20M share repurchases in Q1.
- Full-year 2025 guidance reaffirmed: revenue $3.25-3.45B, adjusted EBITDA $1.05-1.15B, capex $375-425M.