Noble Corporation Reports Strong Financial Performance with $1.3 Billion New Contracts and Key Operational Developments for 2025

Noble Corporation Reports Fourth Quarter and Full Year 2025 Results

Noble Corporation plc has officially released its financial performance for the fourth quarter and the entire year of 2025, showcasing a strong overall performance and substantial new contract awards since the last fleet status report in October. The drilling contractor has secured around $1.3 billion in new contracts, which has raised its backlog to an impressive $7.5 billion.

Key Financial Highlights

For the fourth quarter, Noble recorded total revenues amounting to $764 million, a decrease from the previous quarter's $798 million, largely due to lower utilization rates and average day rates. Contract drilling services generated $705 million in revenue in Q4,
seeing a decline from the $757 million the prior quarter.

Despite the drop in revenue, Noble's net income has witnessed a positive turn, rising to $87 million in Q4 from a loss of $21 million in the preceding quarter. Adjusted EBITDA amounted to $232 million, down from $254 million in Q3.

Operational Developments

Noble's fleet, consisting of 24 floaters, reported a contracted utilization rate of 62%, down from 67% in the previous quarter. The performance of the fleet will be crucial for Noble's ongoing and future operations, as the company aims to optimize its fleet posture.

In addition to these operational figures, the company announced a quarterly interim dividend of $0.50 per share for Q1 2026, anticipating distribution to shareholders on March 19, 2026. Cumulatively, the total amount returned to capital since Q4 2022 now stands at approximately $1.3 billion.

Looking Ahead

For the year 2026, Noble Corporation has provided guidance expecting total revenue within the range of $2.8 billion to $3 billion and an Adjusted EBITDA range from $940 million to $1.02 billion. Capital expenditures are projected between $590 million to $640 million, a reflection of the company’s ongoing investment in enhancing its operational capabilities.

Noble's CEO, Robert W. Eifler, expressed optimism about the company's future, highlighting the recent upturn in contract bookings and indicating a tightening market as they approach the latter part of the year. Eifler emphasized the company's robust backlog, which includes high-quality contracts recently secured, positioning Noble favorably for 2026.

Conclusion

In summary, Noble Corporation's fourth-quarter and full-year 2025 results demonstrate a solid financial foundation with significant new contracts bolstering its backlog amidst evolving market conditions. As the company navigates through these challenging times, it remains committed to providing safe and efficient services to its clients while ensuring attractive returns to its shareholders. For more information about the company's operations and future outlook, visit Noble’s website.