Noble Corporation Reports Q3 2025 Earnings and Outlook
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Noble Corporation PLC reported a Q3 2025 net loss of $21 million despite securing $740 million in new contracts, raising its backlog to $7 billion. Total revenue decreased to $798 million, with adjusted EBITDA at $254 million. The company declared a $0.50 per share cash dividend for Q4, totaling $340 million in shareholder returns for 2025. Fleet utilization dropped, with floaters at 65% and jackups at 60%. Noble narrowed its 2025 revenue guidance to $3,225-$3,275 million and remains optimistic about deepwater recovery by late 2026 or early 2027.
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