Noble Corp plc (NE) Form 10-Q — Oct 27, 2026
Noble Corporation reported a Q3 2026 net loss of $117.0 million, or $(0.73) per diluted share, on operating revenues of $728.8 million, versus a $21.1 million loss on $798.0 million of revenue a year earlier. The widened loss was driven primarily by a $133.0 million income tax provision and lower dayrates and utilization, with floaters revenue down $66.7 million year over year. The deterioration was not operational alone: the nine-month net loss of $33.0 million compares to $130.1 million of net income in the prior-year period, with revenue down 11% partly due to Brazil operational suspensions and the sale of five jackup rigs to Borr Drilling.
Key figures
- Revenue
- 728764000
- Guidance
- Full-year 2026 capital expenditures expected to range between $680.0 million and $705.0 million.
- Total Debt
- 1888681000
- Revenue Yoy
- -9%
- Total Assets
- 7158133000
- Cash Position
- 337186000
- Shares Outstanding
- 159661815
- Q3 utilization
- 67%
- Q3 2025 revenue
- 798017000
- Q3 2026 revenue
- 728764000
- Contract backlog
- 6809886000
- Q3 tax provision
- 133047000
- Notes 2034 issued
- 800000000
- Dividend per share
- 0.5
- Nine month revenue
- 2234142000
- Q3 average dayrate
- 345846
- Ocean apex impairment
- 42270000
- Interest rate 2034 notes
- 6.250%
AI analysis
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