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Noble Earnings Calls
| Release date | Apr 26, 2026 |
| EPS estimate | $0.210 |
| EPS actual | $0.260 |
| EPS Surprise | 23.81% |
| Revenue estimate | 730.472M |
| Revenue actual | 785.69M |
| Revenue Surprise | 7.56% |
| Release date | Feb 11, 2026 |
| EPS estimate | $0.150 |
| EPS actual | $0.0900 |
| EPS Surprise | -40.00% |
| Revenue estimate | 731.101M |
| Revenue actual | 764.412M |
| Revenue Surprise | 4.56% |
| Release date | Oct 27, 2025 |
| EPS estimate | $0.257 |
| EPS actual | $0.190 |
| EPS Surprise | -26.13% |
| Revenue estimate | 735.855M |
| Revenue actual | 798.017M |
| Revenue Surprise | 8.45% |
| Release date | Aug 05, 2025 |
| EPS estimate | $0.467 |
| EPS actual | $0.130 |
| EPS Surprise | -72.14% |
| Revenue estimate | 819.391M |
| Revenue actual | 848.652M |
| Revenue Surprise | 3.57% |
Last 4 Quarters for Noble
Below you can see how NE performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Aug 05, 2025 |
| Price on release | $26.91 |
| EPS estimate | $0.467 |
| EPS actual | $0.130 |
| EPS surprise | -72.14% |
| Date | Price |
|---|---|
| Jul 30, 2025 | $27.02 |
| Jul 31, 2025 | $26.81 |
| Aug 01, 2025 | $25.70 |
| Aug 04, 2025 | $25.90 |
| Aug 05, 2025 | $26.91 |
| Aug 06, 2025 | $27.47 |
| Aug 07, 2025 | $26.59 |
| Aug 08, 2025 | $26.78 |
| Aug 11, 2025 | $26.24 |
| 4 days before | -0.407% |
| 4 days after | -2.49% |
| On release day | 2.08% |
| Change in period | -2.89% |
| Release date | Oct 27, 2025 |
| Price on release | $30.42 |
| EPS estimate | $0.257 |
| EPS actual | $0.190 |
| EPS surprise | -26.13% |
| Date | Price |
|---|---|
| Oct 21, 2025 | $27.95 |
| Oct 22, 2025 | $28.72 |
| Oct 23, 2025 | $30.45 |
| Oct 24, 2025 | $30.56 |
| Oct 27, 2025 | $30.42 |
| Oct 28, 2025 | $29.95 |
| Oct 29, 2025 | $29.32 |
| Oct 30, 2025 | $29.60 |
| Oct 31, 2025 | $29.35 |
| 4 days before | 8.84% |
| 4 days after | -3.52% |
| On release day | -1.55% |
| Change in period | 5.01% |
| Release date | Feb 11, 2026 |
| Price on release | $44.06 |
| EPS estimate | $0.150 |
| EPS actual | $0.0900 |
| EPS surprise | -40.00% |
| Date | Price |
|---|---|
| Feb 05, 2026 | $37.02 |
| Feb 06, 2026 | $39.20 |
| Feb 09, 2026 | $41.86 |
| Feb 10, 2026 | $41.93 |
| Feb 11, 2026 | $44.06 |
| Feb 12, 2026 | $42.58 |
| Feb 13, 2026 | $45.82 |
| Feb 17, 2026 | $43.47 |
| Feb 18, 2026 | $44.26 |
| 4 days before | 19.02% |
| 4 days after | 0.454% |
| On release day | -3.36% |
| Change in period | 19.56% |
| Release date | Apr 26, 2026 |
| Price on release | $49.54 |
| EPS estimate | $0.210 |
| EPS actual | $0.260 |
| EPS surprise | 23.81% |
| Date | Price |
|---|---|
| Apr 20, 2026 | $46.63 |
| Apr 21, 2026 | $47.36 |
| Apr 22, 2026 | $47.93 |
| Apr 23, 2026 | $48.94 |
| Apr 24, 2026 | $49.54 |
| Apr 27, 2026 | $53.60 |
| Apr 28, 2026 | $50.98 |
| Apr 29, 2026 | $50.30 |
| Apr 30, 2026 | $51.03 |
| 4 days before | 6.24% |
| 4 days after | 3.01% |
| On release day | 8.20% |
| Change in period | 9.44% |
Noble Earnings Call Transcript Summary of Q1 2026
Noble reported a solid Q1 2026: contract drilling revenue of $742M, adjusted EBITDA $277M (35% margin), operating cash flow $273M and free cash flow $169M. The Board declared a $0.50 quarterly dividend and continues a shareholder-focused return-of-cash strategy. Backlog stands at $7.5B following ~ $565M of new awards in the quarter (notable wins: multi-year extension for Noble Courage in Brazil, Woodside contract for Noble Deliverer in Australia, ExxonMobil one-well in Guyana for the Noble Developer, and other shorter-term awards). Management highlighted limited operational disruption from the Iran conflict (one Middle East jackup currently being wound down after an early release) but emphasized that deepwater demand indicators are strong: UDW contracted utilization is ~95% of marketed supply, open floater demand has risen (now >110 rig-years), and contracting activity year-to-date is well above 2025 levels. They expect continued tightening and upward pressure on floater dayrates through the year and into 2027. Guidance for full-year 2026 was maintained: revenue $2.8–3.0B and adjusted EBITDA $940M–$1.02B; capex guide increased by $25M related to the Deliverer reactivation. Key cash items: $210M proceeds from jackup sale (plus $150M seller note), opportunistic redemption of $55M of 8.5% secured notes, and planned buyouts of four leased BOP systems (total ~ $73M financing outflow). Management reiterated a strong focus on project execution for multiple rig startups through 2026–2027 and expects a healthy EBITDA/free-cash-flow inflection starting in 2027, while remaining mindful of supply-chain and geopolitical risks.
