Noble Corporation PLC Class A ( (NE) ) has released its Q2 earnings. Here is a breakdown of the information Noble Corporation PLC Class A presented to its investors.
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Noble Corporation PLC is a leading offshore drilling contractor in the oil and gas industry, known for its modern and versatile fleet that operates in ultra-deepwater and high specification jackup drilling opportunities worldwide. In its second quarter of 2025 earnings report, Noble announced new contract awards worth approximately $380 million, bringing its backlog to $6.9 billion. The company declared a cash dividend of $0.50 per share for Q3, contributing to over $1.1 billion returned to shareholders since late 2022.
Key financial metrics for the second quarter include a net income of $43 million, diluted earnings per share of $0.27, and adjusted EBITDA of $282 million. The company’s revenue guidance for 2025 has been adjusted to a range of $3,200 to $3,300 million, while adjusted EBITDA is expected to increase to between $1,075 and $1,150 million. Capital expenditures are projected to rise due to recent long-term contract awards.
Noble’s operational highlights reveal a marketed fleet utilization of 70% for floaters and 61% for jackups in the second quarter. The company secured several new contracts, including extensions and new projects in regions such as the U.S. Gulf, Papua New Guinea, Bulgaria, and the UK. The sale of certain cold stacked drillships and jackups also contributed to the company’s strategic asset management.
Looking ahead, Noble remains optimistic about the deepwater market, anticipating increased demand in South America and Africa by late 2026 and into 2027. The company plans to manage costs and capacity prudently while continuing to deliver shareholder returns.