Noble Q4 revenue rises to $927 million as net income falls to $97 million
Noble reported fourth-quarter 2024 results on February 17, 2025. Revenue rose from $643 million a year earlier, driven by a full quarter of the Diamond Offshore acquisition, while GAAP net income fell from $150 million and diluted EPS fell from $1.03 to $0.59. The company also issued 2025 revenue and adjusted EBITDA guidance and approved a $0.50 quarterly dividend, which matters to shareholders because revenue and adjusted EBITDA rose while GAAP earnings declined year over year.
Key points
- Q4 2024 total revenue was $927 million versus $643 million a year earlier; net income was $97 million versus $150 million.
- Diluted EPS was $0.59 versus $1.03 a year earlier; adjusted diluted EPS was $0.56 versus $0.39.
- Adjusted EBITDA was $319 million versus $201 million a year earlier; marketed fleet utilization was 77% versus 82% in the prior quarter.
- 2025 guidance: total revenue of $3,250 million to $3,450 million and adjusted EBITDA of $1,050 million to $1,150 million; quarterly dividend of $0.50 per share payable March 20, 2025.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 18, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.