Noble Q2 FY26 turns to net loss of $37 million; revenue falls to $720 million

Reuters2026/07/27 20:13

By:Reuters

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Noble posts a GAAP Q2 net loss of USD 37 million, swinging from GAAP net income a year earlier; diluted loss per share was USD 0.23.
Revenue falls 15.19% year over year to USD 720 million; contract drilling services revenue drops 16.33% to USD 679 million.
Adjusted EBITDA declines 24.81% to USD 212 million; operating cash flow was USD 144 million, free cash flow was negative USD 59 million.
Added about USD 200 million of new contract value since April; backlog stands at USD 6.8 billion.
Cut full-year revenue guidance to USD 2.8 billion-USD 2.9 billion; lowered adjusted EBITDA view to USD 850 million-USD 925 million, capex unchanged.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Noble Corporation plc published the original content used to generate this news brief via PR Newswire (Ref. ID: DA12858) on July 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Noble Q2 FY26 turns to net loss of $37 million; revenue falls to $720 million

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