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Noble (NE) free cash flow by quarter

Noble's free cash flow was $169M in Q1 2026 (first quarter 2026), +378% from Q4 2025. Over the last 5 quarters it ranged from $35.4M (Q4 2025) to $173M (Q1 2025).

Noble free cash flow by quarterNoble free cash flow by quarter$173MQ1 2025$107MQ2 2025$139MQ3 2025$35.4MQ4 2025$169MQ1 2026
QuarterFree cash flowQ/QY/Y
Q1 2026$169M+378%-2%
Q4 2025$35.4M-75%—
Q3 2025$139M+31%—
Q2 2025$107M-38%—
Q1 2025$173M——

Q1 2026 at a glance

Noble, Q1 2026: revenue $786M (-10% year over year), operating margin 28.7%, net earnings $121M, operating cash flow $273M. The chart follows the revenue to costs, profit and cash.

Questions

What is Noble's free cash flow?

Noble's free cash flow was $169M in Q1 2026 (first quarter 2026), +378% from Q4 2025.

How has Noble's free cash flow changed?

Over the last 5 quarters it ranged from $35.4M (Q4 2025) to $173M (Q1 2025).

Q1 2026 results → · How Noble makes money →