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Noble Corporation Reports Q2 Results and New Contracts

Story Highlights
  • Noble Corporation reported Q2 2025 net income of $43 million and a $6.9 billion backlog.
  • The company updated 2025 guidance, reducing revenue expectations but increasing adjusted EBITDA and capital expenditures.
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Noble Corporation Reports Q2 Results and New Contracts

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Noble Corporation ( (NE) ) has shared an update.

On August 5, 2025, Noble Corporation announced its second quarter results, reporting a net income of $43 million and a backlog of $6.9 billion. The company declared a $0.50 per share dividend for Q3, reflecting over $1.1 billion returned to shareholders since Q4 2022. Despite a decrease in revenue and net income compared to the previous quarter, Noble has secured approximately $380 million in new contracts, including significant deals in the U.S. Gulf and Papua New Guinea. The company updated its 2025 guidance, reducing total revenue expectations but increasing adjusted EBITDA and capital expenditures due to recent long-term contract awards. The sale of certain assets, including the Pacific Scirocco and Pacific Meltem, was completed, and additional sales are planned, indicating strategic asset management amid market volatility.

The most recent analyst rating on (NE) stock is a Hold with a $37.00 price target. To see the full list of analyst forecasts on Noble Corporation stock, see the NE Stock Forecast page.

More about Noble Corporation

Noble Corporation plc operates in the oil and gas industry, focusing on contract drilling services with a fleet of floaters and jackups. The company is engaged in providing offshore drilling services globally, with a significant market presence in the Gulf of Mexico, the North Sea, and other international locations.

Average Trading Volume: 2,144,161

Technical Sentiment Signal: Sell

Current Market Cap: $4.08B

For an in-depth examination of NE stock, go to TipRanks’ Overview page.

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