Noble Corporation (NE)
NYSEEnergyOil & Gas DrillingSnapshot 2026-11-04
$41.03-6.69%
Close 2026-11-04 · 1-day change
NYSEEnergyOil & Gas DrillingSnapshot 2026-11-04
QuarterlyIQ Insights · NE
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within energy on a research-validated quality screen. As of 2026-11-04.
The screen ranks NE against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 3 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Energy names rated weak grew net income 60% of the time over the next year (vs 56% for the rest of the cohort, n=1774).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
On the commercial front, we have recently secured approximately $560 million in new contract awards, including a number of key programs that support a strengthening fleet utilization profile as we mo…
Stated in 4 of 4 supplied quarters. Management reported: “On the commercial front, we have recently secured approximately $560 million in new contract awards, including a number of key programs that support a strengthening fleet utilization profile as we move through 2027.”” “We continue to build backlog that supports an expected meaningful inflection in fleet utilization and cash flow starting H2 2027, with already approximately 20% more contracted capacity in our fleet in H2 2027 compared to H1 2027.”” Revenue was $728.764 million in 2026-Q3.
“On the commercial front, we have recently secured approximately $560 million in new contract awards, including a number of key programs that support a strengthening fleet utilization profile as we mo…”
“Document EXHIBIT 99.1 [TABLE] PRESS RELEASE [/TABLE] NOBLE CORPORATION PLC ANNOUNCES SECOND QUARTER 2026 RESULTS • Approximately $200 million in new contract value since the April fleet status report…”
“We remain intensely focused on project execution, with several important contract commencements scheduled over the course of this year, each of which is progressing well.””
“Noble’s commercial success continues to build with the recent award of nearly 10 rig years of new bookings comprising $1.3 billion of high quality backlog.”
• $0.50 per share cash dividend declared for Q4, maintaining consistent return of capital program.
Stated in 4 of 4 supplied quarters. Management reported: “• $0.50 per share cash dividend declared for Q4, maintaining consistent return of capital program.” “• $0.50 per share cash dividend declared for Q3, maintaining consistent return of capital program.”
“• $0.50 per share cash dividend declared for Q4, maintaining consistent return of capital program.”
Outlook For the full year 2026, Revenue guidance is reduced to $2,800-$2,900 million (versus $2,800-$3,000 million previously) and Adjusted EBITDA guidance is reduced to $850-$925 million (versus $94…
Stated in 3 of 4 supplied quarters. Management reported: “Outlook For the full year 2026, Revenue guidance is reduced to $2,800-$2,900 million (versus $2,800-$3,000 million previously) and Adjusted EBITDA guidance is reduced to $850-$925 million (versus $940-$1,020 million previously).” “Guidance for capital expenditures is unchanged at $615-$665 million.”
• Successful refinancing of the legacy Diamond notes, simplifying the capital structure and unlocking $35 million in annual cash benefits (primarily interest and tax related).
Stated in 2 of 4 supplied quarters. Management reported: “• Successful refinancing of the legacy Diamond notes, simplifying the capital structure and unlocking $35 million in annual cash benefits (primarily interest and tax related).” “In June, the Company refinanced $800 million of existing bonds with a new offering of 6.250% senior unsecured notes due 2034.”
Continue the stated shareholder return program through quarterly cash dividends, subject to Board approval.
Over the trailing year it converted -0.21x of net income into operating cash flow.
Not enough signal yet.
Not enough signal to read sensitivity to the US dollar, the broad stock market, long-term interest rates, real (inflation-adjusted) rates, Fed net liquidity (low R² over the window).
7 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Energy names rated neutral grew net income 58% of the time over the next year (vs 57% for the rest of the cohort, n=2203).
Not investment advice. As of 2026-11-04.
“• $0.50 per share cash dividend declared for Q3, maintaining consistent return of capital program.”
“• $0.50 per share c ash dividend declared for Q2, maintaining consistent return of capital program.”
“• $0.50 per share dividend declared for Q1 2026, bringing cumulative total capital returned since Q4 2022 to approximately $1.3 billion.”
“Outlook For the full year 2026, Revenue guidance is reduced to $2,800-$2,900 million (versus $2,800-$3,000 million previously) and Adjusted EBITDA guidance is reduced to $850-$925 million (versus $94…”
“Outlook For the full year 2026, previous guidance is maintained for Revenue ($2,800-$3,000 million) and Adjusted EBITDA ($940-$1,020 million), while guidance for capital expenditures is increased to…”
“Outlook For the full year 2026, Noble announces a guidance range for Total Revenue of $2,800 to $3,000 million, Adjusted EBITDA in the range of $940 to $1,020 million, and Capital Expenditures betwee…”
“• Successful refinancing of the legacy Diamond notes, simplifying the capital structure and unlocking $35 million in annual cash benefits (primarily interest and tax related).”
“Meanwhile, we have continued to sharpen and high-grade our fleet posture and balance sheet with the announced divestitures of six jackups – collectively creating a platform of optimal focus, scale, a…”