Noble Corporation PLC Class A ( (NE) ) has issued an update.
Noble Corporation plc, under the leadership of CEO Robert W. Eifler, has reported promising third quarter 2024 results, highlighted by the successful acquisition of Diamond and a robust share repurchase program. With a net income of $61 million and an adjusted EBITDA of $291 million, Noble is focusing on deepwater growth and shareholder returns, including a new $400 million share repurchase authorization. Despite near-term market challenges, Noble’s strong cash flow and strategic contracts, including a substantial backlog with ExxonMobil Guyana, position it well for future growth.
For an in-depth examination of NE stock, go to TipRanks’ Stock Analysis page.
