UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________________________________________________ FORM 10-Q _____________________________________________________________________________________________________ ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ...

Noble (NE) Q2 2025 Earnings Call August 06, 2025 09:00 AM ET Company ParticipantsIan Macpherson - VP - IRRobert Eifler - President, CEO & DirectorRichard Barker - EVP & CFOFredrik Stene - Head of ResearchNoel Parks - MD - CleanTech and E&PEddie Kim - VP - Equity ResearchGregory Lewis - Managing DirectorDavid Smith - DirectorConference Call ParticipantsArun Jayaram - Research AnalystDouglas Becker - Equity AnalystOperatorThank you for standing by. My name is Rebecca, and I will be your conference operator to ...

Noble (NE) Q2 2025 Earnings Call August 06, 2025 09:00 AM ET Speaker0Thank you for standing by. My name is Rebecca, and I will be your conference operator today. At this time, I would like to welcome everyone to the Noble Corporation Second Quarter twenty twenty five Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session.Thank you. I would now like to turn the call over to Ian MacPherson, Vice President of I ...

Financial Performance - Second quarter Adjusted EBITDA was $282 million[6, 10], compared to $338 million in the prior quarter[10] - Free cash flow for the second quarter was $107 million[6, 10], down from $173 million in the first quarter[10] - Capital expenditures, net of insurance proceeds, were $110 million in the second quarter[10], compared to $98 million in the previous quarter[10] - The company returned over $1.1 billion to shareholders since Q4 2022, including a Q3 dividend of $0.50 per share[6] Contract Backlog and Fleet - Current contract backlog stands at $6.9 billion[10, 12], a decrease from $7.5 billion in the previous quarter[10] - Approximately $380 million in new contracts were secured[6] - 62% of floater rig days are committed for 2025, 49% for 2026, and 36% for 2027[13] - 20% of floater rig days are committed for 2028, and 5% for 2029-2031[13] Guidance and Fleet Rationalization - Full year 2025 Adjusted EBITDA guidance is $1.075 billion to $1.15 billion[32] - Full year 2025 capital additions, net of reimbursements, are guided at $400 million to $450 million[32] - Revenue guidance for 2025 is $3.2 billion to $3.3 billion[32] - The company completed the retirement of Meltem and Scirocco rigs and plans to retire Globetrotter II, Highlander, and Reacher rigs[8]

Noble Corporation PLC (NE) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -77.19%. A quarter ago, it was expected that this company would post earnings of $0.31 per share when it actually produced earnings of $0.26, delivering a surprise of -16.13%.Over the last four quarters, the co ...

| | | | Three Months Ended | | | | | --- | --- | --- | --- | --- | --- | --- | | | | | | | March 31, | | | (in millions, except per share amounts) | June 30, 2025 | | June 30, 2024 | | 2025 | | | Total Revenue | $ | 849 | $ | 693 $ | | 874 | | Contract Drilling Services Revenue | | 812 | | 661 | | 832 | | Net Income (Loss) | | 43 | | 195 | | 108 | | Adjusted EBITDA* | | 282 | | 271 | | 338 | | Adjusted Net Income (Loss)* | | 20 | | 105 | | 42 | | Basic Earnings (Loss) Per Share | | 0.27 | | 1.37 | | 0.68 | ...

Approximately $380 million in new contract awards since April fleet status report, backlog stands at $6.9 billion. $0.50 per share cash dividend declared for Q3, eclipsing $1.1 billion in total capital returned to shareholders since Q4 2022. Q2 Net Income of $43 million, Diluted Earnings per Share of $0.27, Adjusted Diluted Earnings per Share of $0.13, Adjusted EBITDA of $282 million, net cash provided by operating activities of $216 million, and Free Cash Flow of $107 million. Guidance for 2025 updated as ...

Core Insights - Noble Mineral Exploration Inc. announced the initial mineral resource estimate for the Mann Central Nickel Sulphide Project, in collaboration with Canada Nickel Company [1][2] - The Mann Central project is located 40 km northeast of Timmins, Ontario, and is part of the East Timmins Nickel Company joint venture [2][3] - The initial mineral resource estimate indicates significant potential, with over 9 million tonnes in both Measured & Indicated and Inferred categories [2] Mineral Resource Estimate - The Mann Central Project has an Indicated Mineral Resource of 237 million tonnes grading 0.22% nickel, totaling 0.52 million tonnes of contained nickel [4][6] - Inferred Mineral Resources are estimated at 537 million tonnes grading 0.21% nickel, equating to 1.15 million tonnes of contained nickel [4][6] - An Exploration Target of an additional 0.6 to 2.0 billion tonnes grading between 0.19% and 0.20% nickel is identified, pending further drilling [4][6] Project Details - The Mann Central project covers a geophysical target area of 3.1 square kilometers, with the current MRE covering approximately 40% of this area [3] - The dimensions of the Mann Central MRE are approximately 2.4 kilometers long, up to 700 meters wide, and extending to 500 meters deep, remaining open in all directions [4] - Drilling for the initial MRE involved 12,563 meters from 32 drill holes, conducted in 2023 and 2024 [4][8] Future Plans - Canada Nickel plans to advance the Crawford project towards a construction decision by year-end and aims to publish three additional mineral resource estimates by the end of the year [2][20] - Ongoing drilling and sampling programs will focus on upgrading Inferred Mineral Resources to Indicated Mineral Resources [20]

Group 1 - Noble Corporation plans to report its financial results for the second quarter of 2025 on August 5, 2025, after the U.S. market close [1] - A conference call regarding the second quarter results is scheduled for August 6, 2025, at 8:00 a.m. U.S. Central Time, with registration options available [2] - Noble Corporation is a leading offshore drilling contractor with a modern and advanced fleet, focusing on ultra-deepwater and high specification jackup drilling opportunities [3]

Core Insights - Noble Mineral Exploration Inc. announced additional drilling results from the MacDiarmid Project, operated by Canada Nickel Company Inc. in Northern Ontario [1][2] - Canada Nickel's drilling program has identified further mineralization over a strike length of approximately 2,200 metres and a width of about 400 metres, building on previous work from 2021 [2][3] - Noble retains NSR rights, including a 2% NSR on claims acquired by Canada Nickel, subject to a 50% buyback for $5 million [2] Company Overview - Noble Mineral Exploration Inc. is a Canadian junior exploration company with holdings in Canada Nickel Company Inc. and other nickel and gold exploration properties [13][14] - The company holds mineral and exploration rights in approximately 70,000 hectares in Northern Ontario and additional properties in Quebec and Newfoundland [14][15] - Noble's shares trade on the TSX Venture Exchange under the symbol "NOB" [17] Industry Context - Canada Nickel is advancing nickel-sulphide projects to meet the growing demand for nickel in electric vehicles and stainless steel markets [12] - The Timmins Nickel District is highlighted for its strong potential, with Canada Nickel planning to publish multiple resource estimates by year-end [3][12] - The MacDiarmid property is strategically located near other significant nickel projects, enhancing its exploration potential [4]