Noble Corp. reports Q1 adjusted EPS 45c, consensus 52c

Reports Q1 revenue $637M, consensus $591.87M. Robert W. Eifler, President and Chief Executive Officer of Noble Corporation plc, stated, “Our first quarter results reflect continued strong operational performance in a rising market, resulting in a 32% improvement in Adjusted EBITDA compared to a year ago. Following the short-term slow down in deepwater contracting activity during late 2023, first quarter contracting momentum for 7G rigs has been back on trend for this up-cycle, with a significant pipeline of contracts due to come to market this year for 2025 and 2026 project commencements. With a highly successful integration now behind us, I’d like to thank all Noble employees worldwide for continuing to deliver uncompromising service excellence on behalf of our customers.”