Noble Corporation plc (NE) Earnings Call Transcripts

Noble Corporation plc's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Noble Corporation plc reported solid financial results, with revenue of $742 million and adjusted EBITDA of $277 million, reflecting a 35% margin. The company generated free cash flow of $169 million and maintained its quarterly dividend at $0.50 per share. Management reiterated full-year revenue guidance of $2.8 billion to $3 billion and adjusted EBITDA guidance of $940 million to $1.02 billion, while increasing capital expenditures guidance by $25 million due to new contract awards. The strong backlog of $7.5 billion and positive market dynamics signal potential for future growth, particularly in deepwater drilling.

Reported metrics

Guidance from management

Noble maintained its full-year 2026 revenue guidance of $2.8 billion to $3 billion and adjusted EBITDA guidance of $940 million to $1.02 billion. Capital expenditures guidance was increased by $25 million due to new contract awards.

What management said

Sure, Arun. Yes. So we obviously we're buying in the leases during the course of this year. And on an annualized basis, it will have a benefit to EBITDA of about $25 million. And so in 2026, probably about half of that will be realized.

Yes, the $25 million is the total we acquired for the Woodside contract. If there are any incremental rig upgrades in the -- there would be incremental capital to that. But think about the $25 million is what's needed for the Woodside contract. Scott.

What analysts pressed on

Analysts expressed concerns about the potential impact of geopolitical tensions on offshore drilling demand and whether customers would adjust their capital expenditure plans. There were also questions regarding the timing and implications of contract terminations and the overall market's response to rising oil prices.

Main topics on the call

• Strong Contract Awards — Noble secured new contract awards totaling approximately $565 million, including a three-year extension with Petrobras valued at $339 million. This demonstrates robust demand in the offshore drilling market despite geopo...
• Market Dynamics and Demand — Management highlighted that energy security concerns are driving demand for offshore drilling, with a significant increase in contract fixtures. The first quarter saw 32 rig years of UDW fixtures, double the average from...
• Financial Performance — Noble reported Q1 revenue of $742 million and adjusted EBITDA of $277 million, exceeding expectations. The adjusted EBITDA margin stood at 35%, showcasing operational efficiency. Management noted, "We have had a very sol...
• Guidance Maintenance — The company maintained its full-year 2026 guidance for total revenue between $2.8 billion and $3 billion, and adjusted EBITDA between $940 million and $1.02 billion. This stability reflects confidence in the ongoing dema...

Read the full Noble Corporation plc transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 30 Noble Corporation plc earnings call transcripts on record, spanning February 20, 2020 to July 28, 2026. Based on this history, Noble Corporation plc reports quarterly. The most recent call on file is dated July 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

NE

Exchange

NYSE

Country

US

Sector

Energy

Industry

Energy Equipment and Services

Calls on record

30

First call

February 20, 2020

Most recent

July 28, 2026

Reporting cadence

quarterly