Noble posts $0.01 non-GAAP EPS, missing expectations by $0.17, while revenue beats by $11.91M despite a 15.2% annual drop.
Noble reported second-quarter non-GAAP earnings per share of $0.01, falling short of estimates by $0.17. Revenue reached $719.69M, down 15.2% year-over-year but exceeding expectations by $11.91M.
The company’s revenue decline reflects broader sector challenges, though the beat on top-line figures provided a modest offset. Prior-year Q2 revenue stood at $848.7M, highlighting the year-over-year contraction.
Noble also secured approximately $200 million in new contract value since April, including a six-well deal for the Noble Viking rig.