Noble Q1 net income rises to $121 million as revenue falls to $786 million
Noble reported first quarter 2026 total revenue of $786 million, down from $874 million a year earlier, and adjusted EBITDA of $277 million, down from $338 million. Net income of $121 million and diluted EPS of $0.75 were higher than a year earlier, helped by an $89.9 million gain on the sale of operating assets. Full-year 2026 revenue and adjusted EBITDA guidance was maintained, while capital expenditure guidance was raised by $25 million.
Key points
- Total revenue was $786 million, compared with $874 million in Q1 2025 and $764 million in Q4 2025.
- Net income was $121 million and diluted EPS was $0.75, versus $0.67 a year earlier; adjusted diluted EPS was $0.26, flat year over year.
- Adjusted EBITDA was $277 million, compared with $338 million in Q1 2025.
- 2026 guidance: revenue of $2,800-$3,000 million and adjusted EBITDA of $940-$1,020 million maintained; capital expenditures raised to $615-$665 million from $590-$640 million.
The filing
Written by AI on Nov 8, 2026, 12:58 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 April 27, 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.