NE Noble Corporation (NE) Q1 FY26 earnings call
Noble Corporation delivered a solid Q1 FY26, marked by strong financial performance and significant contract wins, including a substantial extension for the Noble Courage and a reactivation contract for the Noble Deliver. The deepwater market is showing robust demand, with utilization rates tightening and open demand expanding, leading to optimistic outlooks for day rates. The company is focused on executing a large slate of upcoming rig start-ups and maintaining its capital return program, despite minor operational disruptions and supply chain pressures.
You’re reading a preview. Opening the full call uses 1 concall credit.
Sign in to use your monthly call allowance.
NE operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| New contract awards | ~$565MOver the past 3 months, we secured new contract awards totaling approximately $565 million.Source: earnings call transcript | ~$200MOn a combined basis, we have booked approximately $200 million of new backlog across these awards with our backlog as of the fleet status report published yesterday, now standing at $6.8 billion.Source: earnings call transcript | — |
| Backlog | $7.5BWith these awards, our current backlog stands at $7.5 billion.Source: earnings call transcript | $6.8BOn a combined basis, we have booked approximately $200 million of new backlog across these awards with our backlog as of the fleet status report published yesterday, now standing at $6.8 billion.Source: earnings call transcript | -9.3% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.