For Q1 FY2026 (ended March 31, 2026), Noble Corp plc reported revenue of $785.7 million, a decrease of 10.2% year-over-year. Net income rose 11.5% to $120.7 million, while operating income increased 20.3% to $225.3 million. Diluted EPS was $0.75, up 11.9% from the prior year. The company had cash of $662.7 million, equity of $4.59 billion, and long-term debt of $1.92 billion.
•Revenue declined 10.2% YoY to $785.7 million.
•Net income increased 11.5% to $120.7 million.
•Diluted EPS grew 11.9% to $0.75.
•Operating income rose 20.3% to $225.3 million.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Noble Corporation is an offshore drilling contractor for the oil and gas industry globally. It provides contract drilling services through its fleet of mobile offshore drilling units. It also operates drilling rigs, such as floaters and jackups.
The company serves its fleets in Africa, the Far East Asia, the North Sea, the Oceania, South America, and the United States Gulf of America. Founded in 1921, Noble Corporation is headquartered in Houston, Texas.
Noble Corporation plc is an offshore drilling contractor that provides contract drilling services for the oil and gas industry on a global scale. The company operates a fleet of mobile offshore drilling units, including floaters and jackups, which are used to drill wells in offshore locations. Its services are essential for energy companies exploring and producing oil and gas beneath the seabed. Noble's fleet is deployed across various regions, including Africa, the Far East Asia, the North Sea, Oceania, South America, and the United States Gulf of America. By offering specialized drilling equipment and expertise, Noble enables its clients to access hydrocarbon reserves in challenging offshore environments.
Where is Noble Corporation (NE) listed and what currency is used?
Noble Corporation plc is listed on the New York Stock Exchange (NYSE) under the ticker symbol NE. The company trades in United States Dollars (USD), which is the primary currency for its financial reporting and stock transactions. Being listed on a major U.S. exchange provides liquidity and visibility to global investors. The NYSE listing also subjects Noble to the regulatory oversight of the U.S. Securities and Exchange Commission (SEC), ensuring transparency and adherence to strict reporting standards. Investors can buy and sell shares of NE through brokerage accounts that have access to the NYSE.
What sector and industry does Noble Corporation (NE) operate in?
Noble Corporation plc operates in the Energy sector, specifically within the Oil & Gas Drilling industry. This industry involves the use of specialized drilling rigs to extract oil and natural gas from underground reservoirs, particularly in offshore locations. As an offshore drilling contractor, Noble provides the equipment and personnel needed to drill wells on behalf of oil and gas companies. The Energy sector is capital-intensive and cyclical, influenced by global oil prices and demand for hydrocarbons. Within this sector, Noble competes with other drilling contractors to secure contracts for its fleet of mobile offshore drilling units.
Where is Noble Corporation (NE) headquartered and what markets does it serve?
Noble Corporation plc is headquartered in Houston, Texas, United States. The company serves a diverse range of markets across the globe, including Africa, the Far East Asia, the North Sea, Oceania, South America, and the United States Gulf of America. Its operations span major offshore oil and gas basins, providing drilling services to national and international energy companies. The Houston headquarters places Noble in a central hub for the energy industry, allowing it to coordinate its global fleet and maintain close relationships with clients. The company's geographic diversity helps mitigate risks associated with regional economic or political instability.
How does Noble Corporation (NE) make money?
Noble Corporation plc generates revenue by providing contract drilling services to oil and gas companies. It operates a fleet of mobile offshore drilling units, including floaters and jackups, which are leased to clients for drilling wells in offshore locations. The company earns income through day rates, which are fees charged per day for the use of its drilling rigs, as well as through mobilization fees and other contractual provisions. Contracts may be long-term or short-term, depending on client needs and market conditions. Noble's profitability depends on fleet utilization, day rate levels, and operational efficiency. By maintaining a modern fleet and a skilled workforce, the company aims to secure contracts that generate steady cash flow.