Noble Corporation Plc A · NYSE:NE
Noble Corporation Plc A — Noble — Q1 2026 Earnings Presentation
11 slides from Noble Corporation Plc A's earnings presentation, Apr 27, 2026
Slide 1: First Quarter 2026 Earnings Conference Call
Noble Corporation plc First Quarter 2026 Earnings Conference Call April 27, 2026
Slide 2: Disclaimer: Forward-Looking Statements
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 $565M in New Contracts1, Backlog at $7.5B Courage, Deliverer, Developer, BlackRhino, Venturer, Viking Q1 Adjusted EBITDA2 of $277M, Free Cash Flow2 of $169M Consistent Return of Capital Program Q2 2026 dividend maintained at $0.50 per share 2026 Outlook: Revenue and Adjusted EB
Slide 4: First Quarter Financial Highlights
First Quarter Financial Highlights Adjusted EBITDA1 Adjusted EBITDA margin1 Capital expenditures Free cash flow1 $277M 35% $104M $169M $232M 30% $152M $35M Net debt1 Net Leverage1 Liquidity Backlog $1,255M 1.1x $1,206M $7.5B $1,504M 1.4x $1,015M $7.5B Prior quarter figures for Q4 2025 shown below. 1
Slide 5: Current Backlog Stands at $7.5 Billion
Current Backlog Stands at $7.5 Billion Backlog ($B) and Contract Coverage 65% 61% 44% 11% 2.4 Floaters Jackups 1.8 1.8 1.5 2026 2027 2028 2029-2031 Percentage of available days committed (1) 1) Committed days on total marketed fleet of 29 rigs as of 4/26/2026. 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 • Viking: one well contract in Malaysia. Noble Venturer • BlackRhino: one option well exercised Noble Viking by Beacon in
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 • Courage: 1,115 days extension with Petrobras in Brazil. Noble Developer Noble Discoverer • Deliverer: 5 wells with Woodsid
Slide 8: Financial Overview
Financial Overview ($ millions) Quarter End Quarter End 3/31/2026 12/31/2025 Revenue 786 764 Adjusted EBITDA(1) 277 232 Margin %(1) 35% 30% Net Income (Loss) 121 87 Diluted EPS 0.75 0.54 Cash flow from operations 273 187 Capital expenditures 104 152 Free cash flow(1) 169 35 Net debt (1) 1,255 1,504
Slide 9: 2026 Guidance Update
2026 Guidance Update $ millions Revenue 2,800 – 3,000 Adjusted EBITDA (1) 940 – 1,020 Capital Expenditures (2) 615 – 665 1) Definition is included on slide 2. 2) Includes 50% of the estimated $160 million project capital for the Noble GreatWhite, as well as approximately $25 million of reimbursable
Slide 10: Appendix: Reconciliation to GAAP Measures
Appendix: Reconciliation to GAAP Measures $ millions 10
Slide 11: NOBLE
NOBLE First Choice Offshore 5M NOBLE