Every material Form 8-K Noble filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Noble Corporation plc reported third quarter 2024 results on November 5, 2024. Revenue rose from $697 million a year earlier, helped by the Diamond acquisition closed on September 4, but net income fell to $61 million from $158 million and diluted EPS fell to $0.40 from $1.09. The company also authorized an additional $400 million share repurchase and set fourth quarter 2024 revenue guidance of $850 million to $890 million.
Q3 2024 total revenue was $801 million, up from $697 million in Q3 2023 and $693 million in Q2 2024.
Q3 2024 net income was $61 million and diluted EPS was $0.40, versus $158 million and $1.09 a year earlier; adjusted diluted EPS was $0.58 versus $0.87.
On October 22, 2024, the Board authorized up to an additional $400 million in share repurchases; $250 million was repurchased in Q3.
Q4 2024 guidance: total revenue $850 million to $890 million; Adjusted EBITDA $275 million to $305 million; a $0.50 dividend was declared, payable December 19, 2024.
Noble Corporation completed its acquisition of Diamond Offshore Drilling on September 4, 2024. Diamond shareholders received $5.65 in cash and 0.2316 Noble shares per Diamond share, with Noble paying about $591 million in cash and issuing about 24.2 million shares, which lifts Noble's share count to 167,279,702. Noble said it no longer expects investors to rely on its previously issued 2024 guidance, which it says no longer applies on a combined company basis.
Diamond holders received $5.65 in cash and 0.2316 Noble shares per Diamond share; Noble paid about $591 million in cash and issued about 24.2 million shares.
Cash portion was funded in part from the $800 million 8.000% Senior Notes due 2030 issued August 22, 2024.
Noble reports backlog of $6.7 billion after the Diamond rigs and about 4.8 rig years of ExxonMobil Guyana backlog were added; Noble says investors should not rely on its prior 2024 guidance.
Patrice Douglas, formerly a Diamond director, was appointed to Noble's board, which was increased to nine directors effective at the Effective Time.
On August 22, 2024, Noble Finance II LLC, a wholly owned subsidiary of Noble Corporation plc, closed a private offering of $800 million of additional 8.000% Senior Notes due 2030, issued under the same indenture as $600 million of notes sold in 2023. A Second Supplemental Indenture signed the same day permits the issuer to pay a dividend to Noble to fund the cash consideration for Noble's pending merger with Diamond Offshore Drilling, Inc., which means the new debt sits at the subsidiary level and adds to the company's borrowing while the merger is pending.
$800 million of 8.000% Senior Notes due 2030 closed August 22, 2024, sold in a private offering to eligible purchasers
New notes are treated as a single series with the $600 million Existing Notes issued in 2023 under the April 18, 2023 indenture
Second Supplemental Indenture, dated August 22, 2024, allows a dividend from the issuer to Noble to fund cash consideration for the pending Diamond Offshore Drilling, Inc. merger
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Noble filing is on SEC EDGAR ↗. 8-K briefs of other companies →