NOBLE CORPORATION PLC (NE)

What NOBLE CORPORATION PLC does

Noble Corporation plc is a leading offshore drilling contractor that provides contract drilling services to the international oil and gas industry. The company operates a global fleet of 36 mobile offshore drilling units—25 floaters and 11 jackups—deployed across oil and gas basins worldwide. Services are delivered on a dayrate basis under long-term and short-term contracts with major integrated, independent, and government-owned oil and gas companies. In September 2024, Noble completed its acquisition of Diamond Offshore Drilling, significantly expanding its operational capacity.

Fundamentals

• Price$38.90 as of 2026-07-09 close
• Market cap$6.2B as of 2026-07-10
• 1-year return+26.8% as of 2026-07-09 close
• P/E27.09 as of 2026-07-10
• Net margin+7.2% as of 2026-07-10
• Gross margin+36.2% as of 2026-07-10
• ROE+5.0% as of 2026-07-10
• Debt / equity0.43 as of 2026-07-10
• Revenue growth (YoY)-3.0% as of 2026-07-10
• Revenue CAGR (3y)+32.5% SEC XBRL
• Beta0.94 as of 2026-07-10

Dividend: yield +5.1%; 3-year non-decreasing per-share dividend streak (SEC XBRL).

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Key risks (from latest filing)

["Exposure to oil and gas price volatility and customer spending cycles—revenue declined 2.99% YoY despite profitability, indicating cyclical demand risk","Operational and safety risks in offshore drilling environments, including equipment failure, adverse weather, and potential environmental liabilities from well operations","Customer concentration and contract termination risk—customers can terminate contracts for convenience or force majeure events, and the company faces increasing pressure to accept exceptions to standard risk allocations in depressed market conditions"]

See NE's biggest risks from its latest 10-Q →

Competitors & peers

• Transocean Ltd.
• Valaris Ltd.
• Vantage Drilling Company
• NABORS INDUSTRIES

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