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Noble Corporation NE Q2 2026 earnings

Reported July 27, 2026 · After market close

Revenue$719.7MBeat by $21.7M
EPS$0.01Miss by $0.14
Revenue estimate$698.0M
EPS estimate$0.15
Our second quarter was adversely impacted by $43 million due to the operational suspension of both of our rigs in Brazil, while operational and financial performance was otherwise strong across the board. Additionally, we completed a highly successful debt refinancing, which is expected to drive meaningful cash benefits going forward. The continued importance of offshore investment is supportive of strong rig demand, with increasing market tightness for high spec drillships driving leading edge dayrates into the mid $400,000s per day.
Robert W. Eifler

Earnings data and commentary were extracted with AI from company filings and may contain errors. Verify important details in the filing.

Next report

Oct 26, 2026 (in a month)
Revenue estimate$716.4M
EPS estimate$0.21

Financials

Q2 2026

Income statement

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Operating income$30.5M-77.5%
Net income-$36.7M-186%
EPS (diluted)-$0.23-185%

Balance sheet

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Cash & equivalents$456.2M+32.1%
Total debt$1.9B-4.5%
Total equity$4.5B-3.1%
Total assets$7.2B-5.6%

Cash flow

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Operating cash flow$144.2M-33.4%
CapEx$204.5M+75.4%
Free cash flow-$60.4M-161%

Valuation & ratios

Valuation

as of 09/17/26
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Market cap$7.08B+47.3%
Enterprise value$8.51B+32.2%
P/E47.3×+31.8×

Returns & leverage

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Return on equity3.3%-3.9pp
Debt / equity0.4×0.0×
Current ratio1.9×+0.1×

FAQ

When did Noble Corporation report Q2 2026 earnings?
Noble Corporation (NE) reported Q2 2026 earnings on July 27, 2026 after market close.
What were Noble Corporation's Q2 2026 revenue and EPS?
Noble Corporation reported revenue of $719.7M and eps of $0.01 for Q2 2026.
Did Noble Corporation beat estimates in Q2 2026?
Revenue beat the consensus estimate of $698.0M by $21.7M. EPS missed the consensus estimate of $0.15 by $0.14.
How did Noble Corporation's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 15.2% from $848.7M a year earlier and eps declined 92.3% from $0.13.
Where can I find Noble Corporation's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001895262-26-000138) and the 10-Q periodic report (0001895262-26-000141) directly on SEC EDGAR. The filing index links above go to sec.gov.