NYSE$NE

Noble Corporation Plc · Q2 2025 earnings

Q2 2025 earnings · · Investor relations

Briefing

Noble Corporation Plc reported Q2 2025 results with revenue of $848.7 million and net income of $42.9 million.

Noble reported contract drilling services revenue of $812.1 million for the three months ended June 30, 2025. Net income was $42.9 million with operating income of $135.3 million. The company operated a fleet of 38 rigs consisting of 25 floaters and 13 jackups.

  • Total revenue reached $848.7 million for the quarter, up 22% year-over-year.
  • Net income of $42.9 million and diluted EPS of $0.27.
  • Rig utilization was 67% overall, with floaters at 70% and jackups at 61%.
  • Average dayrate was $333,960, with floaters at $400,802 and jackups at $176,503.

Headline financials

Total Revenue

$849M

Previous: $693M+22.5%
EPS (adj)

$0.27

Previous: $1.34-79.9%
Rig utilization total

67.0%

No prior period
Rig utilization floaters

70.0%

No prior period
Rig utilization jackups

61.0%

No prior period
Average dayrate floaters

$401K

No prior period
Average dayrate jackups

$177K

No prior period
Average dayrate total

$334K

No prior period
Capital Expenditures

-$230M

Previous: -$308M+25.2%
Net Income

$42.9M

Previous: $195M-78.0%
Operating Income

$135M

Previous: $210M-35.6%
Cash & Equivalents

$338M

Previous: $163M+107.7%
Total Assets

$7.67B

Previous: $5.59B+37.2%

Revenue & EPS history

Noble · Revenue · Quarterly

$849M

Q2 2025+22.5%vs Q2 2024
Beat estimate in 1 of 2 quarters(50%)
ActualEstimate

Revenue by segment

Noble · $849M total across 2 segments · Q2 2025

  • Contract drilling services
    $812M
  • Reimbursables and other
    $36.6M

Forward guidance

Long-term offshore rig demand remains supported by energy security and low-cost barrels, though near-term utilization may moderate.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 11 quarterly earnings reports

Historical avg

+1.7%

Avg return

Earnings day

+1.9%

Avg return

5 days after

+1.3%

Avg return

30 days after

55%

6 / 11 earnings

Positive

+11.3%

Q3 2024

Best reaction

-5.5%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026-4.9%-5.7%-12.0%
Q4 2025-3.4%-1.3%+5.1%
Q3 2025-1.5%-3.5%+0.0%
Q1 2025+7.0%+7.7%+21.2%
Q3 2024+11.3%+13.1%-0.3%
Q2 2024-5.5%-16.0%-19.2%
Q1 2024-0.9%+0.0%-7.3%
Q3 2023+5.1%+5.4%+0.0%
Q2 2023+1.9%+1.0%+4.0%
Q1 2023+3.3%+3.4%+14.8%
Q3 2022+6.1%+16.4%+7.4%

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