Noble cuts 2025 revenue guidance, raises EBITDA outlook; Q2 net income $43 million
Noble reported second quarter 2025 total revenue of $849 million, down from $874 million in the first quarter but up from $693 million a year earlier. Net income fell to $43 million, or $0.27 per diluted share, from $108 million in the first quarter and $195 million in the second quarter of 2024. The company lowered its 2025 total revenue guidance to $3,200 million to $3,300 million but raised its Adjusted EBITDA guidance to $1,075 million to $1,150 million.
Key points
- Q2 2025 total revenue was $849 million, versus $874 million in Q1 2025 and $693 million in Q2 2024.
- Q2 2025 net income was $43 million, or $0.27 per diluted share, versus $108 million in Q1 2025 and $195 million in Q2 2024.
- 2025 total revenue guidance was cut to $3,200 million to $3,300 million from $3,250 million to $3,450 million; Adjusted EBITDA guidance was raised to $1,075 million to $1,150 million from $1,050 million to $1,150 million.
- The board approved a $0.50 per share Q3 2025 dividend, payable September 25, 2025, to shareholders of record on September 4, 2025.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:58 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 August 05, 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.