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Noble Corporation NE Q1 2024 earnings

Reported May 6, 2024 · After market close

Revenue$637.1MBeat by $48.4M
EPS$0.45Miss by $0.10
Revenue estimate$588.7M
EPS estimate$0.55

Next report

Oct 26, 2026 (in 3 months)
Revenue estimate$722.9M
EPS estimate$0.23

Financials

Q1 2024

Income statement

See full
Revenue$637.1M+4.4%
Operating income$107.5M+0.4%
Net income$95.5M-11.6%
EPS (diluted)$0.66-10.8%

Balance sheet

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Cash & equivalents$217.0M+14.6%
Total debt$586.6M+12.7%
Total equity$3.9B+5.6%
Total assets$5.4B+7.2%

Cash flow

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Operating cash flow$128.7M+304%
CapEx$166.6M+166%
Free cash flow-$37.9M+69.9%

Valuation & ratios

Valuation

as of 03/31/24
See full
Market cap$6.84B+25.5%
Enterprise value$7.21B+24.7%
P/E14.6×-2.8×
P/S2.6×-0.4×

Profitability

See full
Operating margin22%+1.6pp
Net margin17.9%+0.6pp
FCF margin9.7%+5.3pp

Returns & leverage

See full
Return on equity12.3%+0.2pp
Debt / equity0.1×0.0×
Current ratio1.6×-0.3×

Segments

By product

See full
Floaters$494.5M+3.8%
Jackups$118.0M+19.1%

By segment

See full
Reportable Segment$764.5M+18.1%

By geography

See full
Other$41.8M-34.1%

Versus estimates

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Questions, answered.

When did Noble Corporation report Q1 2024 earnings?
Noble Corporation (NE) reported Q1 2024 earnings on May 6, 2024 after market close.
What were Noble Corporation's Q1 2024 revenue and EPS?
Noble Corporation reported revenue of $637.1M and eps of $0.45 for Q1 2024.
Did Noble Corporation beat estimates in Q1 2024?
Revenue beat the consensus estimate of $588.7M by $48.4M. EPS missed the consensus estimate of $0.55 by $0.10.
Where can I find Noble Corporation's Q1 2024 SEC filings?
You can read the 10-Q periodic report (0001628280-24-020917) directly on SEC EDGAR. The filing index links above go to sec.gov.