Quarterly ResultApr 27, 2026, 07:02 AM
NE Q1 Net Income $121M, EPS $0.75; $565M New Contracts; $0.50 Dividend
AI Summary
Noble Corp plc reported strong first quarter 2026 results with net income of $121 million and diluted EPS of $0.75. The company secured approximately $565 million in new contract value, boosting its backlog to $7.5 billion. Noble also declared a $0.50 per share cash dividend for Q2 2026 and maintained its full-year 2026 revenue and Adjusted EBITDA guidance, while increasing capital expenditures guidance by $25 million for the reactivation of the Noble Deliverer.
Key Highlights
- Secured approximately $565 million in new contract value, including a 3-year extension for Noble Courage.
- Backlog reached $7.5 billion as of April 27, 2026.
- Q1 2026 Net Income of $121 million, up from $87 million sequentially.
- Q1 2026 Diluted Earnings per Share of $0.75, up from $0.54 sequentially.
- Q1 2026 Contract Drilling Services Revenue of $743 million, up from $705 million sequentially.
- Declared Q2 2026 cash dividend of $0.50 per share.
- Full Year 2026 Capital Expenditures guidance increased by $25 million to $615-$665 million.