Noble Posts 73-Cent Per-Share Loss for Third Quarter
NE sits 73% above its 52-week low of $27.67.
Summary
Noble reported a third-quarter loss of 73 cents per share, extending the red ink after a Q2 net loss and a full-year guidance cut tied to rig impairments and operational suspensions. Third-quarter revenue came in at $729 million, and backlog stands at $6.7 billion. Adjusted EPS for the quarter was -0.57 against an IBES estimate of 0.2. For a roughly $7.6 billion offshore driller trading near $48, a headline loss of this magnitude keeps pressure on the earnings recovery story. The company guided 2026 EBITDA to $850–$900 million and narrowed its 2026 revenue view to $2.85 billion–$2.9 billion.
At the time of this announcement, NE was trading at $47.95 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $7.6B. The 52-week trading range was $27.67 to $54.98. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.