Noble Corp Posts $117 Million Q3 Loss, Narrows Full-Year Revenue Guidance

Noble Corporation plc (NE) reported a third-quarter net loss of $117.0 million, or $0.73 per share, on Monday, compared with a $21.1 million loss, or $0.13 per share, a year earlier. Adjusted loss per share was $0.57 versus adjusted earnings of $0.19 per share in the prior-year quarter. Total revenue fell to $728.8 million from $798.0 million, with contract drilling services revenue down to $683.7 million from $757.4 million. For full-year 2026, the offshore drilling contractor narrowed its revenue guidance to $2.85 billion-$2.90 billion from a prior range of $2.80 billion-$2.90 billion. Adjusted EBITDA guidance was narrowed to $850 million-$900 million from $850 million-$925 million. Noble also announced approximately $560 million in new contract awards since its previous fleet status report, lifting its backlog to $6.7 billion. The board declared a fourth-quarter cash dividend of $0.50 per share, payable December 17 to shareholders of record on November 25.