Noble Q4 revenue falls to $764 million from $927 million a year earlier
Noble Corporation plc reported fourth quarter 2025 revenue of $764 million, down from $798 million in the prior quarter and $927 million a year earlier, and adjusted diluted earnings per share of $0.09, down from $0.56 a year earlier. GAAP net income of $87 million was helped by a $72.8 million income tax benefit, and the company guided 2026 adjusted EBITDA to $940 million to $1.02 billion while calling 2026 a transitional year for earnings.
Key points
- Q4 2025 total revenue was $764 million, versus $798 million in Q3 2025 and $927 million in Q4 2024.
- Adjusted EBITDA was $232 million, versus $254 million in Q3 2025 and $319 million in Q4 2024; GAAP net income was $87 million, including a $72.8 million income tax benefit.
- Adjusted diluted EPS was $0.09, versus $0.19 in Q3 2025 and $0.56 in Q4 2024; the quarter included a $22 million impairment loss.
- For full year 2026, guidance calls for total revenue of $2.8 billion to $3.0 billion, adjusted EBITDA of $940 million to $1.02 billion, and capital expenditures of $590 million to $640 million; the Board approved a $0.50 per share dividend
The filing
Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing 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 11, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.