Noble Corp (Cayman Island)
NYSE:NE

Watchlist Manager
Noble Corp (Cayman Island) Logo
Noble Corp (Cayman Island)
NYSE:NE
Watchlist
Price: 33.51 USD 1.55% Market Closed
Market Cap: 5.4B USD

Noble Corp (Cayman Island)
Investor Relations

Noble Corp, headquartered in the Cayman Islands, is a prominent name in the offshore drilling industry. Specializing in the exploration and production of oil and natural gas, Noble Corp has carved out a reputation for operating a fleet of sophisticated offshore drilling rigs. These rigs, which include ultra-deepwater, harsh environment, and jack-up rigs, are crucial for reaching beneath ocean depths where traditional land-based methods fall short. Through strategically leasing these rigs to major oil and gas companies worldwide, Noble Corp generates a significant portion of its revenue. Its operations are often deployed in remote, challenging environments — enabling major energy firms to tap into reserves that are otherwise inaccessible. The efficiency and technology backing these operations position Noble Corp as a linchpin in the global hunt for hydrocarbons.

Over the years, Noble Corp has adapted to the volatile ebb and flow of the industry by enhancing its fleet with technologically advanced rigs and implementing rigorous safety and operational protocols. This adaptability has not only allowed the company to retain existing clients but also to attract new business collaborations, ensuring steady cash flows from long-term contracts and day-rate agreements. The company's business model thrives on the demand for more complex and harder-to-reach resources. While navigating the challenges of market fluctuations and regulatory landscapes, Noble Corp continues to reinforce its standing as a resilient and reliable player in the offshore drilling arena, intertwining its fortunes with those who explore the depths for new energy horizons.

Show more
Loading

Earnings Calls

2024 Q3
Nov 6, 2024
Show Transcript
Previous
Next
Noble Corporation Reports Strong Q3 Performance with Promising 2025 Outlook
2024 Q3
Nov 6, 2024

In the third quarter, Noble Corporation reported revenue of $764 million, a rise from $661 million in Q2, while adjusted EBITDA increased to $291 million. The company’s cash flow from operations was $284 million, with free cash flow of $165 million, reflecting four weeks of the Diamond acquisition's contribution. For Q4, Noble anticipates revenues between $850 million to $890 million and adjusted EBITDA of $275 million to $305 million. Looking ahead, the company is optimistic about increased contracting opportunities, projecting significant growth in free cash flow for 2025, supported by lower capital expenditures aimed at maximizing shareholder returns.

Show Full Analysis

Management

Mr. Robert W. Eifler
President, CEO & Director
No Bio Available
Mr. Richard B. Barker
Executive VP & CFO
No Bio Available
Mr. Joey M. Kawaja
Senior Vice President of Operations
No Bio Available
Mr. Blake A. Denton
Senior Vice President of Marketing & Contracts
No Bio Available
Ms. Caroline M. Alting
Senior Vice President of Operational Excellence & Sustainability
No Bio Available
Ms. Jennifer Yeung
VP, Chief Accounting Officer & Controller
No Bio Available
Tom Madden
VP & GM of Administration
No Bio Available
Mr. Ian MacPherson
Vice President of Investor Relations
No Bio Available
Ms. Jennie P. Howard
Senior VP, General Counsel & Corporate Secretary
No Bio Available
Ms. Tine Ostergaard Hansen
Vice President of Communication & Sustainability
No Bio Available

Contacts

Address
TEXAS
Sugar Land
13135 Dairy Ashford, Suite 800
Contacts
+12812766100.0
www.noblecorp.com