earnings
confidence high
sentiment negative
materiality 0.75
Noble Q2 net loss $37M, adjusted EPS $0.01; lowers FY2026 EBITDA guidance to $850-925M
Noble Corp plc
- Q2 contract drilling revenue $679M, net loss $37M ($0.23 diluted loss); adjusted diluted EPS $0.01, adjusted EBITDA $212M.
- New contracts add ~$200M value; backlog $6.8B; Noble Viking 6-well Asia Pacific, Noble Claus Bachmann 3-well with bp at $320k/day.
- Refinanced $800M of bonds with 6.250% notes due 2034, unlocking $35M annual cash benefits; $18M loss on debt extinguishment.
- Full year 2026 guidance: Revenue $2.8-2.9B (from $2.8-3.0B), Adjusted EBITDA $850-925M (from $940-1020M); capex unchanged $615-665M.
- Q3 dividend $0.50/share, payable Sept 24 to holders of record Sept 3; operational suspension of two Brazil rigs impacted Q2 by $43M.