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Approximately 15 rig years of new contract awards representing $2.2 to $2.7 billion of revenue potential; backlog increased to $7.5 billion. Q2 quarterly cash dividend maintained at $0.50 per share; approximately $100 million returned to shareholders in Q1.
PBR extends its partnership with Noble, securing the Noble Discoverer rig for offshore drilling in Colombia until 2026, supporting deepwater exploration.
HOUSTON , April 8, 2025 /PRNewswire/ -- Noble Corporation plc ("Noble" or the "Company") (NYSE: NE) today announces plans to report financial results for the first quarter 2025 on Monday April 28, 2025 after the U.S. market close. The Company's earnings press release and accompanying earnings presentation will be available on the Noble website at www.noblecorp.com.
Noble plans to divest the Pacific Meltem and Pacific Scirocco rigs and permanently keep them out of drilling operations.
BBDC, NE and PFC made it to the Zacks Rank #1 (Strong Buy) income stocks list on February 4, 2025.
HOUSTON , Jan. 29, 2025 /PRNewswire/ -- Noble Corporation plc ("Noble" or the "Company") (NYSE: NE) today announces plans to report financial results for the fourth quarter and full year 2024 on Monday February 17, 2025 after the U.S. market close. The Company's earnings press release and accompanying earnings presentation will be available on the Noble website at www.noblecorp.com.
Following the acquisitions of Maersk Drilling and Diamond Offshore, Noble Corporation is now one of the largest offshore drilling contractors, second only to Transocean based on enterprise value. Noble's capital structure is balanced with net debt accounting for less than 25% of the enterprise value. In contrast, Seadrill has almost no net debt, and Transocean remains overleveraged. In today's environment, Noble generates healthy free cash flows representing approximately 10% of the current market capitalization. Most of the excess cash is distributed to shareholders via buybacks and dividends.
NE's new drilling assignment in Australia is anticipated to last for at least 37 days. The assignment will follow Ocean Apex's prior commitments in the region.
NE's contract involves drilling three wells offshore Suriname for Petronas using its semi-submersible rig Noble Developer. The rig previously worked for Petronas in Suriname.
Noble Corporation's Noble Venturer drillship is expected to begin operations offshore Ghana in 2025 while Noble Globetrotter I is anticipated to start its contract early in January 2025.