NE Noble (NE) Q2 FY26 earnings call
Noble Corporation reported strong Q2 FY26 adjusted EBITDA and continued its capital return program, while securing significant new backlog and observing a robust deepwater market outlook. Despite operational challenges in Brazil leading to a revenue headwind and revised full-year guidance, management remains optimistic about the deepwater market's direction, anticipating full utilization of the marketed fleet by late next year, driven by energy security and a rotation towards deepwater.
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NE operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call 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.