Noble Corp PLC

Noble Corp. Plc operates as a financing subsidiary and special purpose entity. The company was founded on October 16, 2020 and is headquartered in Altrincham, the United Kingdom.

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Noble Corp PLC reports strong Q4 performance and eyes growth opportunities in offshore drilling market

Noble Corp PLC's Q4 2022 earnings call highlighted strong performance, strategic strengths, key challenges, and growth opportunities in the offshore drilling sector.
The company's financial outlook for 2023, focus on shareholder value, and operational efficiency underscore its commitment to sustainable growth and profitability.
Addressing cost pressures, revenue targets, and operational enhancements will be crucial for Noble Corp to navigate market dynamics and drive long-term success.
Investor interest in operational details and financial guidance reflects confidence in Noble Corp's strategic direction and potential for value creation in the industry.

Noble Corp PLC reports robust Q1 performance and growth outlook

Noble Corp PLC's Q1 2023 showcased strong financials, operational resilience, and growth prospects.
While facing challenges in pricing and market uncertainties, the company aims for sustained performance.
Opportunities lie in expanding contracts, capitalizing on market optimism, and enhancing operational efficiency.
Overall, Noble Corp PLC's strategic focus on growth and shareholder returns sets a positive trajectory.

Noble Corp reports strong Q2 earnings, eyes growth in carbon capture and global markets

Noble Corp's Q2 showcased robust financial performance, contract wins, and strategic initiatives.
While facing challenges in certain markets and project costs, the company remains optimistic about future growth.
With a focus on dividends, brand loyalty, and market opportunities, Noble Corp is poised for continued success.

Noble Corp PLC reports robust Q3 earnings, eyes global UDW demand

Noble Corp PLC's Q3 performance reflects strength in revenue, EBITDA, and dividend growth. Challenges include cost inflation and limited capacity in certain regions. Opportunities lie in increasing UDW rig demand globally and maximizing margins. Positive outlook for the North Sea market and technology innovation are key highlights.

Noble Corp PLC reports strong Q4 earnings amidst market opportunities

Noble Corp PLC delivered strong financial performance in Q4 2023, with robust revenue and adjusted EBITDA figures, backed by a growing backlog and positive industry outlook.
While facing challenges like supply chain bottlenecks and longer contract negotiation periods, the company is poised to benefit from reactivations, rate appreciation, and operational synergies.
Opportunities lie in revenue growth through rig reactivations, margin improvements, and market expansion in offshore and deepwater drilling sectors.
Overall, Noble Corp PLC's strategic focus on operational efficiency, revenue enhancement, and market opportunities positions it well for future growth and profitability.

Noble Corp PLC reports strong Q3 performance and optimistic outlook

Noble Corp PLC's Q3 results reflect robust performance, driven by the successful Diamond Offshore acquisition and strong backlog additions.
The company's focus on capital returns, positive market outlook, and progress in integration present a promising outlook for future growth.
While challenges exist in maintaining momentum and operational integration, Noble Corp PLC is poised to leverage opportunities in the energy sector.
Investors can look forward to potential capital returns and increased profitability as the company navigates market dynamics and capitalizes on global energy demand.

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Noble Corp. Plc provides contract drilling services to the international oil and gas industry. The company was founded on October 16, 2020 and is headquartered in Sugar Land, TX.

Noble Corporation's Noble Venturer drillship is expected to begin operations offshore Ghana in 2025 while Noble Globetrotter I is anticipated to start its contract early in January 2025.

NE Lands New Drilling Contracts in Ghana & the U.S. Gulf of Mexico

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Noble Corporation's geographic diversification and strong client base are positives, but its lack of long-term contracts and idle rigs are concerning. The company's fluctuating revenues and earnings, coupled with high operating costs for idle rigs, present significant financial risks. Despite the attractive valuation, unpredictable oil prices and delayed contract executions make future earnings uncertain.

Noble Corporation: Production Backlog And Capital Return Promising, Yet Low Visibility On Earnings Past 2025

Noble Corporation plc (NYSE:NE ) Q3 2024 Earnings Conference Call November 6, 2024 9:00 AM ET Company Participants Ian MacPherson - Vice President of Investor Relations Robert Eifler - President and Chief Executive Officer Richard Barker - Chief Financial Officer Blake Denton - Senior Vice President of Marketing and Contracts Joey Kawaja - Senior Vice President of Operations Conference Call Participants Eddie Kim - Barclays Capital Kurt Hallead - Benchmark Greg Lewis - BTIG Fredrik Stene - Clarksons Securities David Smith - Pickering Energy Partners Operator Good morning, and welcome to the Noble Corporation's Third Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.

Noble Corporation plc (NE) Q3 2024 Earnings Call Transcript

Noble Corporation PLC (NE) came out with quarterly earnings of $0.58 per share, missing the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.87 per share a year ago.

Noble Corporation PLC (NE) Q3 Earnings Lag Estimates

Closed Diamond acquisition on September 4th Increased capital return program with additional share repurchase authorization of $400 million Repurchased 6.9 million of shares in Q3 2024, $0.50 per share dividend declared for Q4 2024, bringing total FY 2024 cash returns to shareholders to over $525 million, including Q4 dividend Q3 Net Income of $61 million, Diluted Earnings Per Share of $0.40, Adjusted EBITDA of $291 million, net cash provided by operating activities of $284 million, and Free Cash Flow of $165 million Q4 2024 Guidance provided as follows: Total Revenue $850 to $890 million, Adjusted EBITDA $275 to $305 million, Capital Additions (net of reimbursements) $105 to $135 million SUGAR LAND, Texas , Nov. 5, 2024 /PRNewswire/ -- Noble Corporation plc (NYSE: NE, CSE: NOBLE, "Noble" or the "Company") today reported third quarter 2024 results. Three Months Ended (in millions, except per share amounts) September 30, 2024 September 30, 2023 June 30,2024 Total Revenue $                   801 $                   697 $                   693 Contract Drilling Services Revenue 764 671 661 Net Income (Loss) 61 158 195 Adjusted EBITDA* 291 283 271 Adjusted Net Income (Loss)* 89 127 105 Basic Earnings (Loss) Per Share 0.41 1.14 1.37 Diluted Earnings (Loss) Per Share 0.40 1.09 1.34 Adjusted Diluted Earnings (Loss) Per Share* 0.58 0.87 0.72 * A Non-GAAP supporting schedule is included with the statements and schedules in this press release.

NOBLE CORPORATION PLC ANNOUNCES THIRD QUARTER 2024 RESULTS AND ADDITIONAL SHARE REPURCHASE AUTHORIZATION

SUGAR LAND, Texas , Oct. 18, 2024 /PRNewswire/ -- Noble Corporation plc ("Noble" or the "Company") (CSE: NOBLE, NYSE: NE) today announces plans to report financial results for the third quarter 2024 on Tuesday November 5, 2024 after the U.S. market close. The Company's earnings press release and accompanying earnings presentation will be available on the Noble website at www.noblecorp.com.

Noble Corporation plc to announce third quarter 2024 results

SUGAR LAND, Texas , Sept. 30, 2024 /PRNewswire/ -- Noble Corporation plc ("Noble") (CSE: NOBLE, NYSE: NE) today announces changes to its share capital.

Noble Corporation plc announces changes to its share capital including share repurchases for the month of September 2024

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SUGAR LAND, Texas , Sept. 4, 2024 /PRNewswire/ -- Noble Corporation plc ("Noble", the "Company") (CSE: NOBLE, NYSE: NE) today announces the completion of its acquisition of Diamond Offshore Drilling, Inc ("Diamond").

Noble Corporation plc announces closing of Diamond acquisition and new appointment to the board of directors

SUGAR LAND, Texas , Aug. 31, 2024 /PRNewswire/ -- Noble Corporation plc ("Noble") (NYSE: NE, CSE: NOBLE) today announces changes to its share capital. During the month of August, Noble has repurchased approximately USD 44.2 million of A ordinary shares under its previously announced share repurchase plan at a weighted average price of approximately USD 37.90 per A ordinary share.

Noble Corporation plc announces changes to its share capital including share repurchases for the month of August 2024

Diamond Offshore Drilling Inc

SUGAR LAND, Texas , Aug. 30, 2024 /PRNewswire/ -- Noble Corporation plc ("Noble") (CSE: NOBLE, NYSE: NE) and Diamond Offshore Drilling, Inc. ("Diamond Offshore") (NYSE: DO) announced today the receipt of clearance from the Australia Competition & Consumer Commission, in relation to the pending transaction between Noble and Diamond Offshore, which is the final required regulatory approval for the transaction.  The parties expect to close the transaction on Wednesday September 4 th, 2024.

Noble Corporation and Diamond Offshore Provide Update on Expected Closing of Transaction

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Noble Corporation's stock has significantly lagged behind the broader market, dropping by 26% in the last year. Gross revenues have increased by 200% over the last 3 years, driven by higher contract drilling revenues and increased reimbursables. The company has an EBITDA margin of 39%. Noble's merger with Diamond is expected to bring revenue and cost synergies, reducing concentration risk and making the joint entity a market leader.

Navigating Through The Storm: Noble Corporation's Undervalued Potential

SUGAR LAND, Texas , Aug. 22, 2024 /PRNewswire/ -- Noble Corporation plc ("Parent" and together with its subsidiaries, "Noble") (NYSE: NE, CSE: NOBLE) today announced that Noble Finance II LLC (the "Issuer"), a wholly owned subsidiary of Parent, has closed the previously disclosed offering (the "Offering") of an additional $800 million in aggregate principal amount of its 8.000% Senior Notes due 2030 (the "New Notes"). Noble intends to use the net proceeds from the Offering to fund the cash consideration in connection with its pending merger with Diamond Offshore Drilling, Inc. and for general corporate purposes.

NOBLE CORPORATION PLC ANNOUNCES CLOSING OFFERING OF AN ADDITIONAL $800 MILLION PRINCIPAL AMOUNT OF 8.000% SENIOR NOTES DUE 2030

Noble Corporation reported strong Q2/2024 results with revenue and profitability outperforming consensus expectations. While the company's full-year outlook was largely unchanged, management now expects lower deepwater contracting to extend well into 2025. Subsequent to quarter-end, the company raised $800 million in an upsized senior notes offering in order to cover the cash component of the proposed acquisition of Diamond Offshore Drilling.

Noble Corporation: Strong Quarter But Muted Near-Term Outlook - Buy

SUGAR LAND, Texas , Aug. 8, 2024 /PRNewswire/ -- Noble Corporation plc ("Parent" and together with its subsidiaries, "Noble") (NYSE: NE, CSE: NOBLE) today announced that Noble Finance II LLC (the "Issuer"), a wholly owned subsidiary of Parent, has priced an offering (the "Offering") of an additional $800 million in aggregate principal amount of its 8.000% Senior Notes due 2030 (the "New Notes"). The offering size was increased to $800 million from the previously announced offering size of $675 million in aggregate principal amount of New Notes.

NOBLE CORPORATION PLC ANNOUNCES PRICING AND UPSIZING OF OFFERING OF AN ADDITIONAL $800 MILLION PRINCIPAL AMOUNT OF 8.000% SENIOR NOTES DUE 2030

SUGAR LAND, Texas , Aug. 8, 2024 /PRNewswire/ -- Noble Corporation plc ("Parent" and together with its subsidiaries, "Noble") (NYSE: NE, CSE: NOBLE) today announced that Noble Finance II LLC (the "Issuer"), a wholly owned subsidiary of Parent, has commenced an offering (the "Offering") of an additional $675 million in aggregate principal amount of its 8.000% Senior Notes due 2030 (the "New Notes"). Noble intends to use the net proceeds from the Offering to fund the cash consideration in connection with its pending merger with Diamond Offshore Drilling, Inc. and for general corporate purposes.

NOBLE CORPORATION PLC ANNOUNCES OFFERING OF AN ADDITIONAL $675 MILLION PRINCIPAL AMOUNT OF 8.000% SENIOR NOTES DUE 2030

Noble Corporation plc (NYSE:NE ) Q2 2024 Earnings Conference Call August 1, 2024 9:00 AM ET Company Participants Ian MacPherson - VP, IR Robert Eifler - President and CEO Richard Barker - CFO Blake Denton - SVP, Marketing and Contracts Conference Call Participants Scott Gruber - Citi Greg Lewis - BTIG Kurt Hallead - The Benchmark Company Eddie Kim - Barclays Doug Becker - Capital One Josh Jayne - Daniel Energy Partners David Smith - Pickering Energy Partners Noel Parks - Tuohy Brothers Operator Thank you for standing by. My name is Bailey, and I will be your conference operator today.

Noble Corporation plc (NE) Q2 2024 Earnings Call Transcript

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Noble Corporation PLC (NE) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.38 per share a year ago.

Noble Corporation PLC (NE) Beats Q2 Earnings and Revenue Estimates

Announced acquisition of Diamond Offshore Drilling, Inc. ("Diamond"), bolstering a leading position in deepwater; transaction expected to close by Q1 2025. Q2 Net Income of $195 million, Diluted Earnings Per Share of $1.34, Adjusted EBITDA of $271 million, net cash provided by operating activities of $107 million, and Free Cash Flow of $(26) million.

NOBLE CORPORATION PLC ANNOUNCES SECOND QUARTER 2024 RESULTS

SUGAR LAND, Texas , July 25, 2024 /PRNewswire/ -- Noble Corporation plc ("Noble") (CSE: NOBLE, NYSE: NE) and Diamond Offshore Drilling, Inc. ("Diamond") (NYSE: DO) announced today that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, in relation to the pending merger between Noble and Diamond, expired at 11:59 ET on July 24, 2024.  Completion of the transaction is subject to the satisfaction of the remaining customary closing conditions, including approval by Diamond's stockholders and the receipt of informal clearance by the Australian Competition & Consumer Commission.

Noble Corporation and Diamond Offshore Announce Expiration of Hart-Scott-Rodino Act Waiting Period and Provide Transaction Update

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SUGAR LAND, Texas , July 18, 2024 /PRNewswire/ -- Noble Corporation plc ("Noble", "the Company") (NYSE: NE, CSE: NOBLE) announces its intention to voluntarily delist from NASDAQ Copenhagen ("NASDAQ"). Noble will remain traded on the New York Stock Exchange ("NYSE"), as Noble's primary listing exchange.

News for Noble Corp PLC Stock (NE)