Noble Corp (NE) Misses Q2 EPS by 5c

Noble Corp (NYSE: NE) reported Q2 EPS of $0.40, $0.05 worse than the analyst estimate of $0.45. Revenue for the quarter came in at $275 million versus the consensus estimate of $272.83 million.

GUIDANCE:

Noble's guidance for full year 2022 remains unchanged from what was previously provided on May 2, 2022: Adjusted Revenue and Adjusted EBITDA of $1,130 to $1,180 million and $320 to $350 million, respectively.

Commenting on Noble's outlook for the second half of 2022, Mr. Eifler stated, "Demand for offshore drilling is increasing in all our key operating regions, and we expect this positive momentum to continue despite global economic concerns. Tender activity remains at attractive levels and our customers have a robust pipeline of opportunities for our rigs. We look forward to completing the business combination with Maersk Drilling in early October and creating a dynamic leader in offshore drilling. I'm confident in Noble's ability to deliver on the key transaction rationale, which include enhancing the customer experience and executing on our commitment to return capital to shareholders."

For earnings history and earnings-related data on Noble Corp (NE) click here.

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