NE · Noble Corp plc
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Jul 28, 2026TL;DR. Noble reported Q2 adjusted EBITDA of $212M but cut full-year 2026 revenue guidance to $2.8-2.9B and adjusted EBITDA guidance to $850-925M, primarily due to a $43M adverse impact from the Brazil rig operational suspension, and added ~$200M of new backlog (now $6.8B) including a Viking Asia-Pacific contract and a Claus Bachmann bp UK North Sea contract.
- + Added approximately $200M of new contract value, lifting backlog to $6.8B, including a six-well Noble Viking Asia-Pacific contract and a three-well Noble Claus Bachmann bp UK North Sea contract at $320,000/day.
- + Successfully refinanced legacy Diamond notes with $800M of new 6.250% senior unsecured notes due 2034, unlocking $35M of annual cash benefits and simplifying the capital structure.
- + Outlook for deepwater demand strengthened, with 77 rig years of UDW backlog contracted in H1 2026 described as the highest in well over a decade and open floater demand outside Brazil running about 20% above the prior two-year high.
- − Q2 results were hit by a $43M adverse impact from the operational suspension of both Brazil rigs (Noble Faye Kozack and Noble Courage), with revised guidance reflecting an additional $15M revenue reduction through January 2027.
- − Q2 free cash flow was negative $59M, driven by elevated capital expenditures of $205M and the $18M BOP lease buyout, with capex guidance for the year maintained at $615-665M.
- − Recorded a $42M impairment in Q2 on the sale of the Ocean Apex for scrap, generating only $5M of net proceeds, plus an $18M loss on debt extinguishment.
- − Floater utilization fell to 61% in Q2 from 68% in Q1, with total fleet utilization at 65% versus 69% in Q1.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Average dayrates - Floaters | $412,650 | Three months ended June 30, 2026 filing | — |
| Average dayrates - Jackups | $197,380 | Three months ended June 30, 2026 filing | — |
| Average dayrates - Total | $342,080 | Three months ended June 30, 2026 filing | — |
| Average rig utilization - Floaters | 59% | Three months ended June 30, 2026 filing | — |
| Average rig utilization - Jackups | 83% | Three months ended June 30, 2026 filing | — |
| Average rig utilization - Total | 65% | Three months ended June 30, 2026 filing | — |
| Operating days - Floaters | 1,335 | Three months ended June 30, 2026 filing | — |
| Operating days - Jackups | 651 | Three months ended June 30, 2026 filing | — |
| Operating days - Total | 1,986 | Three months ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Oil & Gas Drilling — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
NE
this stock
Noble Corp plc
|
$6.84B | +47.8% | +7.4% | 46.0 | 9.2% |
|
RIG
Transocean Ltd.
|
$6.01B | +26.9% | -28.6% | — | 24.9% |
|
VAL
Valaris Ltd
|
$5.62B | +55.8% | +0.3% | 6.1 | 8.6% |
|
PTEN
Patterson Uti Energy Inc
|
$4.16B | +78.7% | -10.3% | — | 9.0% |
|
HP
Helmerich & Payne, Inc.
|
$3.85B | +29.5% | +35.9% | — | 7.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| NE | -6.5% | -10.4% | -15.9% | -8.9% | +47.8% |
| SPY | -0.7% | +0.1% | +12.2% | -0.6% | +11.8% |
| vs SPY | -5.8% | -10.5% | -28.1% | -8.3% | +36.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.