Noble Corp reports Q3 2026 loss, declares $0.50 dividend and narrows FY guidance
+1 new source since this summary was written
Noble Corporation posted a Q3 2026 net loss of $117 million, with contract‑drilling services revenue of $684 million and total revenue of $729 million. The company announced a cash dividend of $0.50 per share for Q4 and raised its FY 2026 capital‑expenditure outlook to $680‑$705 million while narrowing revenue guidance to $2.85‑$2.90 billion and adjusted EBITDA guidance to $850‑$900 million. Management highlighted $560 million of new contract awards that lifted the backlog to $6.7 billion and expects higher contracted capacity in the second half of 2027.
Why it matters
The company expects improved utilization and cash‑flow generation in H2 2027, which could support dividend continuity (the company says) and affect cash‑flow‑sensitive investors. The narrowed FY guidance and higher capex indicate tighter earnings expectations for the remainder of 2026 (the company expects).
Key facts
- 1Q3 2026 net loss of $117 million (diluted loss per share $0.73). prnewswire.com
- 2Contract drilling services revenue for Q3 2026 was $684 million. prnewswire.com
- 3Total revenue for Q3 2026 was $729 million. finance.yahoo.com
- 4Backlog as of October 26 2026 stood at $6.7 billion. prnewswire.com
- 5New contract awards since July totalled approximately $560 million. prnewswire.com
- 6Board approved a cash dividend of $0.50 per share payable on December 17 2026. prnewswire.com
Summary written by AlphAI AI Desk from 12 of 12 sources. Not investment advice. Figures are as stated by the linked sources.