Noble Corporation Plc A · NYSE:NE
Noble Corporation Plc A — Noble — Q3 2026 Earnings Presentation
11 slides from Noble Corporation Plc A's earnings presentation, Oct 27, 2026
Slide 1: Third Quarter 2026 Earnings Conference Call
Noble Corporation plc Third Quarter 2026 Earnings Conference Call October 27, 2026
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This communication includes “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, as amended. All statements other than statements of historical facts included in this communication are forward
Slide 3: Summary
Summary Approximately $560M in New Contracts1, Backlog at $6.7B BlackRhino, BlackHawk, Faye Kozack, Interceptor, Globetrotter I Q3 Adjusted EBITDA2 of $201M, Free Cash Flow2 of $(48)M Consistent Return of Capital Program Q4 2026 dividend maintained at $0.50 per share 2026 Outlook: Revenue and Adjust
Slide 4: Third Quarter Financial Highlights
Third Quarter Financial Highlights Adjusted EBITDA1 Adjusted EBITDA margin1 Capital expenditures Free cash flow1 $201M 28% $192M $(48)M $212M 30% $205M $(59)M Net debt1 Net leverage1 Liquidity Backlog $1,551M 1.9x $980M $6.7B $1,432M 1.7x $1,100M $6.8B Prior quarter figures for Q2 2026 shown below.
Slide 5: Current Backlog Stands at $6.7 Billion
Current Backlog Stands at $6.7 Billion Backlog ($B) and Contract Coverage 78% 72% 55% 13% 2.6 Floaters 2.2 Jackups 1.6 0.4 2026 2027 2028 2029-2031 Percentage of available days committed1 1) Committed days on total marketed fleet of 28 rigs as of 10/26/2026. 5
Slide 6: Drillships Overview
Drillships Overview 2026 2027 2028 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D Noble Faye Kozack Recent Highlights Noble Stanley Lafosse Noble Valiant • BlackHawk: 1-well contract scheduled to commence in late 2027 Noble Venturer Noble Viking • BlackRhino: 4-well contract
Slide 7: Semisubmersibles and Jackups Overview
Semisubmersibles and Jackups Overview 2026 2027 2028 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D Recent Highlights Semisubmersibles Noble Deliverer • Interceptor: 1-well contract scheduled to commence in Q3 2027; Noble Developer additionally, 26-well contract Noble Discov
Slide 8: Financial Overview
Financial Overview ($ millions) Quarter End Quarter End 9/30/2026 6/30/2026 Revenue 729 720 Adjusted EBITDA1 201 212 Adjusted EBITDA Margin1 28% 30% Net Income (Loss) (117) (37) Diluted EPS (0.73) (0.23) Cash flow from operations 144 144 Capital expenditures 192 205 Free cash flow1 (48) (59) Net deb
Slide 9: 2026 Guidance Update
2026 Guidance Update ($ millions) Revenue 2,850 – 2,900 2,800 – 2,900 Adjusted EBITDA 1 850 – 900 850 – 925 Capital Expenditures 2 680 – 705 615 – 665 Denotes prior guidance 1) The definition of each Non-GAAP measure is included on slide 2. 2) New Capital Expenditures guidance includes customer reim
Slide 10: Appendix: Reconciliation to GAAP Measures
Appendix: Reconciliation to GAAP Measures $ millions 10
Slide 11: First Choice Offshore™
First Choice Offshore™