Noble Corp PLC (NYSE:NE) Reports Q2 2025 Earnings: Misses Estimates, Market Reacts Negatively
Noble Corp PLC (NYSE:NE) released its second-quarter 2025 earnings, falling short of analyst expectations on both revenue and earnings per share (EPS). The offshore drilling contractor reported revenue of $848.65 million, below the consensus estimate of $872.23 million. EPS came in at $0.13, significantly lower than the anticipated $0.55.
Key Takeaways from the Earnings Report
- Revenue Miss: Reported $848.65M vs. $872.23M expected (-2.7% variance).
- EPS Shortfall: $0.13 actual vs. $0.55 estimated (-76.4% variance).
- Dividend Declaration: A $0.50 per share cash dividend was declared.
- Contract Awards & Backlog: The company secured approximately $380 million in new contracts since April, maintaining a backlog of $6.9 billion.
Market Reaction
Following the earnings release, Noble’s stock saw an after-hours decline of -3.57%, reflecting investor disappointment. The broader performance over the past month has also been negative, with shares down -10.89%, suggesting broader concerns beyond just the earnings miss.
Forward-Looking Estimates
Analysts project Q3 2025 revenue at $843.28 million and full-year 2025 revenue at $3.373 billion. EPS estimates for Q3 stand at $0.36, while full-year EPS is forecasted at $1.54. The company did not provide explicit guidance in its press release, leaving investors to rely on these external estimates.
Press Release Highlights
- Strong Contract Momentum: $380M in new awards since April, reinforcing future revenue visibility.
- Backlog Stability: $6.9B backlog indicates sustained demand for Noble’s drilling services.
- Dividend Commitment: The $0.50 per share dividend signals confidence in cash flow stability despite earnings volatility.
Conclusion
Noble Corp’s Q2 earnings miss has clearly unsettled investors, as seen in the immediate after-hours sell-off. While the company maintains a robust contract backlog and continues to secure new business, the weaker-than-expected profitability raises questions about cost management and operational efficiency moving forward.
For more detailed earnings data and analyst estimates, visit Noble Corp’s earnings page.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.
