Noble Corporation plc (NE) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Noble Corporation published the results on October 26, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Noble Corporation reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Noble Corporation plc is incorporated in the UK and files 10-Qs and 10-Ks with the SEC. The floater and jackup split of contract drilling revenue comes from the 10-Q's revenue note; the release reports contract drilling services as one line.
• Noble agreed in December 2025 to sell five jackup rigs to Borr Drilling for $360.0 million. At the end of Q3 2026 it had 5 marketed ultra harsh jackups and 23 marketed floaters.

Source: Noble Q3 2026 results, October 26, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Noble Corporation splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Noble Corporation's Contract drilling services revenue was $684 million in Q3 2026, down 10% from $757 million in Q3 2025, 94% of total revenue.
• Noble Corporation's Reimbursables and other revenue was $45.1 million in Q3 2026, up 11% from $40.6 million in Q3 2025, 6% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Noble Corporation said:

“For the full year 2026, Revenue guidance is narrowed to $2,850-$2,900 million (versus $2,800-$2,900 million previously)”

“Adjusted EBITDA guidance is narrowed to $850-$900 million (versus $850-$925 million previously)”

“Capital Expenditures guidance is increased to $680-$705 million (versus $615-$665 million previously), with the increase primarily attributable to higher customer reimbursable Capital Expenditures.”

Source: Noble Q3 2026 release, Oct 26, 2026.

This is the company's own guidance as of Oct 26, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the NE forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Total operating revenues and GAAP diluted earnings (loss) per share, each as first reported in that quarter's release. Q1 2026 included gains on the sale of rigs.

We do not hold a confirmed date for Noble Corporation's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 26, 2026

Noble Corporation is an offshore drilling contractor, and it earns revenue by renting out rigs and crews at a dayrate. In Q3 2026 contract drilling services brought in $683.7 million of total operating revenues of $728.8 million; reimbursables and other added $45.1 million. Total revenue fell from $798.0 million a year earlier. (Noble Q3 2026 release, Oct 26, 2026)

Floaters generated $563.4 million of Noble's contract drilling revenue in Q3 2026, down from $630.1 million. The 10-Q attributes $42.1 million of that decline to lower average dayrates and $24.6 million to changes in operating days, including about $6.3 million from the operational suspensions of the Noble Faye Kozack and Noble Courage in Brazil, which have since resumed. Jackups brought in $120.3 million, against $127.3 million. (Noble Form 10-Q, Q3 2026, Oct 27, 2026)

Noble's average floater dayrate was $403,113 in Q3 2026, against $423,489 a year earlier, while its jackup dayrate rose to $207,651 from $202,982. Floater utilization was 63% and jackup utilization 79%, on 1,977 total operating days against 2,115. (Noble Q3 2026 release, Oct 26, 2026)

Noble's revenue is concentrated in a few oil majors. In 2025 ExxonMobil accounted for 19.7% of consolidated operating revenues, BP 13.2% and Petrobras 12.5%, according to the 10-K. (Noble Form 10-K, 2025, Feb 12, 2026)

Noble lost $(0.73) per diluted share in Q3 2026, against $(0.13) a year earlier, and its adjusted diluted loss per share was $(0.57). Income before income taxes was $16.0 million, but the income tax provision was $133.0 million, which turned the quarter into a net loss of $(117.0) million. (Noble Q3 2026 release, Oct 26, 2026)

The 10-Q says the Q3 2026 tax provision included $15.8 million of net tax expense from valuation allowance adjustments, primarily in Switzerland, and recurring quarterly accruals of $117.3 million mostly in Ghana, Guyana, Luxembourg, Switzerland and the United States. Noble's adjusted EPS excludes the discrete tax items ($0.10 per share) and other items of $0.08 per share. (Noble Form 10-Q, Q3 2026, Oct 27, 2026; Noble Q3 2026 release, Oct 26, 2026)

Noble's diluted share count was 159,648 thousand, against 158,834 thousand a year earlier. It made no share repurchases in the first nine months of 2026 and paid $243.1 million in dividends, and its board declared a $0.50 per share dividend for Q4 2026. (Noble Q3 2026 release, Oct 26, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Noble gives full-year guidance in its release for revenue, adjusted EBITDA and capital expenditures, not for EPS. With Q3 2026 results it narrowed its 2026 revenue range to $2,850-$2,900 million and adjusted EBITDA to $850-$900 million, and raised capital expenditures to $680-$705 million, which it attributed primarily to higher customer reimbursable spending. (Noble Q3 2026 release, Oct 26, 2026)

Noble said it had approximately 20% more contracted capacity in its fleet in H2 2027 than in H1 2027, and that it had secured about $560 million of new contract awards since its July fleet status report. (Noble Q3 2026 release, Oct 26, 2026)

A consensus figure is the average of the models published by the analysts who cover Noble Corporation, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Noble Corporation's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning NE is on is NE a buy or a sell?, what analysts expect next is on the NE forecast, and what the company does is on the Noble Corporation plc (NE) stock page.

Every number on this page can be traced to a document Noble Corporation published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.