Noble Corporation delivered strong third-quarter results with an adjusted EBITDA of $254 million and a $139 million free cash flow, while bolstering its backlog to $7 billion through key contract extensions.
- Distributed a total of $340 million to shareholders in 2025, maintaining a quarterly dividend of $0.50.
- Enhanced operational performance with record-setting drilling results, particularly in Guyana and the U.S. Gulf of Mexico.
- Secured significant contract extensions for the Noble BlackLion and Noble BlackHornet, valued at $310 million each, extending their tenure into 2028 and 2029, respectively.
- Continued improvement in deepwater contracting, with 70% utilization of high-spec drillship days in 2026 already secured.
- Positive market outlook with increased utilization rates and ongoing strong demand for UDW rigs.
Community Discussion