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Noble Corporation NE Q3 2024 earnings

Reported November 5, 2024 · After market close

Revenue$800.5MMiss by $81.5M
EPS$0.58Miss by $0.22
Revenue estimate$882.0M
EPS estimate$0.80

Next report

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

Financials

Q3 2024

Income statement

See full
Revenue$800.5M+14.8%
Operating income$115.5M-42.5%
Net income$61.2M-61.3%
EPS (diluted)$0.40-63.3%

Balance sheet

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Cash & equivalents$405.1M+62.3%
Total debt$2.1B+260%
Total equity$4.7B+22.2%
Total assets$8.0B+52.5%

Cash flow

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Operating cash flow$283.8M+105%
CapEx$127.0M+28.8%
Free cash flow$156.8M+290%

Valuation & ratios

Valuation

as of 09/30/24
See full
Market cap$5.16B-26.9%
Enterprise value$6.87B-7.2%
P/E10.3×-4.8×
P/S1.9×-0.9×

Profitability

See full
Operating margin21.3%-1.3pp
Net margin18.1%-0.1pp
FCF margin8.3%+3.5pp

Returns & leverage

See full
Return on equity11.8%-5.6pp
Debt / equity0.5×+0.3×
Current ratio1.6×-0.4×

Segments

By product

See full
Floaters$605.3M+10.2%
Jackups$158.2M+29.8%

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 Q3 2024 earnings?
Noble Corporation (NE) reported Q3 2024 earnings on November 5, 2024 after market close.
What were Noble Corporation's Q3 2024 revenue and EPS?
Noble Corporation reported revenue of $800.5M and eps of $0.58 for Q3 2024.
Did Noble Corporation beat estimates in Q3 2024?
Revenue missed the consensus estimate of $882.0M by $81.5M. EPS missed the consensus estimate of $0.80 by $0.22.
Where can I find Noble Corporation's Q3 2024 SEC filings?
You can read the 10-Q periodic report (0001628280-24-045788) directly on SEC EDGAR. The filing index links above go to sec.gov.