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Noble (NE) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 27, 2026 · Noble (NE) Q3 2026 earnings results →
Q3 2026 Revenue down 9% year over year to $729M · 16¢ of every $1 of revenue lost · operating margin 8.2%
Noble made $729M in Q3 2026 (-9% Y/Y): Oil and Gas Service $684M, Service, Other $45.1M. Operating margin 8.2%, net loss $117M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 27, 2026.
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What changed this quarter
Revenue was $728.8M in Q3 2026, down 9% year over year and up 1% from the previous quarter. Floaters was the largest line at 77% of revenue. Floaters lost $66.8M year over year (down 11%), 96% of the total change.
Operating profit was $60.1M, a 8.2% margin (up 1.9 points year over year). Total costs fell 11% while revenue fell 9%. The quarter ended with a net loss of $117.0M, wider than the previous quarter's $36.7M loss.
Operating cash flow was $144.5M (down 48% year over year). Non-cash charges added back $2.5M of share-based compensation. Working capital and other items added $259.0M. Capital expenditures of $192.0M exceeded it, leaving free cash flow of −$47.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 27, 2026 | $729M | -9% | 8.2% | −$117M | $144M |
| Q2 2026 | 10-Q | Jul 28, 2026 | $720M | -15% | 4.2% | −$36.7M | $144M |
| Q1 2026 | 10-Q | Apr 27, 2026 | $786M | -10% | 28.7% | $121M | $273M |
| Q4 2025 | 10-K | Feb 12, 2026 | $764M | -18% | 5.6% | $86.6M | $187M |
| Q3 2025 | 10-Q | Oct 28, 2025 | $798M | -0.3% | 6.3% | −$21.1M | $277M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $849M | +22% | 15.9% | $42.9M | $216M |
| Q1 2025 | 10-Q | Apr 29, 2025 | $874M | +37% | 21.4% | $108M | $271M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Sells to
- Exxon Mobil Corporation (“ExxonMobil”) — 20% of its revenue · Stated in 10-K (XBRL) · source
- BP — 17% of its revenue · Stated in 10-K (sentence) · source
- XOM — 12% of its revenue · Stated in 10-K (sentence) · source
- SHEL — 12% of its revenue · Stated in 10-K (customer table) · source
About Noble
Noble Corporation plc, a public limited company incorporated under the laws of England and Wales (“Noble”), is a leading offshore drilling contractor for the oil and gas industry. We provide contract drilling services to the international oil and gas industry with our global fleet of mobile offshore drilling units. We deliver our services through a high-specification fleet of floating and jackup rigs and the deployment of our drilling rigs in oil and gas basins around the world. Noble and its predecessors have been engaged in the contract drilling of oil and gas wells since 1921. As of December 31, 2025, our fleet of 36 drilling rigs consisted of 25 floaters and 11 jackups.
In its own words, from its 10-K, filed Feb 12, 2026.
Noble against its Drilling Oil & Gas Wells peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -9% against the peers' median +7%. Operating margin: 8.2% against the peers' median 15.3%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| NE Noble | Q3 2026 | $729M | -9% | 8.2% |
| PTEN Patterson UTI Energy | Q3 2026 | $1.3B | +14% | 4.7% |
| HP Helmerich & Payne | Q3 FY26 | $1.0B | -0.6% | 18.2% |
| RIG Transocean | Q3 2026 | $937M | -9% | 15.3% |
| NBR Nabors Industries | Q3 2026 | $872M | +7% | 15.7% |
| VAL Valaris | Q3 2026 | $594M | -0.4% | 13.7% |
| SDRL Seadrill | Q3 2026 | $428M | +18% | 10.3% |
| HPK HighPeak Energy | Q2 2026 | $272M | +26% | 29.5% |
Source: Noble 10-Q on SEC EDGAR · CIK 1895262 · Drilling Oil & Gas Wells
More on NE
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results