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Noble Corporation Reports Strong 2024 Financial Results

Story Highlights
  • Noble Corporation reported strong Q4 and 2024 results with increased revenue and earnings.
  • The company issued 2025 revenue guidance of $3,250 to $3,450 million, with robust contract awards enhancing its backlog.
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Noble Corporation Reports Strong 2024 Financial Results

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Noble Corporation PLC Class A ( (NE) ) just unveiled an announcement.

Noble Corporation announced its fourth quarter and full-year 2024 results, reporting a significant increase in revenue and earnings following the integration of Diamond Offshore. The company returned over $575 million to shareholders through dividends and buybacks in 2024, and secured approximately $525 million in new contracts since November, contributing to a backlog of $5.8 billion. The company has issued its guidance for 2025, projecting total revenue between $3,250 to $3,450 million and adjusted EBITDA between $1,050 to $1,150 million, supported by strong contract awards and operational efficiency.

More about Noble Corporation PLC Class A

Noble Corporation plc operates in the offshore drilling industry, primarily providing contract drilling services for the oil and gas sector. The company focuses on delivering high-quality services with a fleet of drillships and jackups, targeting contracts with major energy companies worldwide.

Current Market Cap: $4.67B

Find detailed analytics on NE stock on TipRanks’ Stock Analysis page.

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