NE

EX-99.1

2 exhibit991-q32026pressrele.htm

EX-99.1

Document

EXHIBIT 99.1

PRESS RELEASE

NOBLE CORPORATION PLC ANNOUNCES THIRD QUARTER 2026 RESULTS

•Approximately $560 million in new contract value awarded since the July fleet status report; backlog stands at $6.7 billion.

•$0.50 per share cash dividend declared for Q4, maintaining consistent return of capital program.

•Q3 Net Loss of $(117) million, Diluted Loss per Share of $(0.73), Adjusted Diluted Earnings (Loss) per Share of $(0.57), Adjusted EBITDA of $201 million, net cash provided by operating activities of $144 million, and Free Cash Flow of $(48) million.

•Full Year 2026 Guidance for Revenue and Adjusted EBITDA narrowed within prior guidance ranges; Capital Expenditures guidance increased, primarily attributable to higher customer reimbursable Capital Expenditures.

HOUSTON, TEXAS, October 26, 2026 - Noble Corporation plc (NYSE: NE, “Noble” or the “Company”) today reported third quarter 2026 results.

Three Months Ended

(in millions, except per share amounts)

September 30, 2026

September 30, 2025

June 30, 2026

Total Revenue

$

729

$

798

$

720

Contract Drilling Services Revenue

684

757

679

Net Income (Loss)

(117)

(21)

(37)

Adjusted EBITDA*

201

254

212

Adjusted Net Income (Loss)*

(92)

30

2

Basic Earnings (Loss) Per Share

(0.73)

(0.13)

(0.23)

Diluted Earnings (Loss) Per Share

(0.73)

(0.13)

(0.23)

Adjusted Diluted Earnings (Loss) Per Share*

(0.57)

0.19

0.01

* A Non-GAAP supporting schedule is included with the statements and schedules in this press release.

Robert W. Eifler, President and Chief Executive Officer of Noble, stated, “The third quarter, which featured a 5% sequential decrease in Adjusted EBITDA, marked the successful resumption of operations for both of our rigs in Brazil, but was also impacted by several other rigs across the fleet transitioning between contracts. On the commercial front, we have recently secured approximately $560 million in new contract awards, including a number of key programs that support a strengthening fleet utilization profile as we move through 2027.”

Third Quarter Results

Contract drilling services revenue for the third quarter of 2026 totaled $684 million compared to $679 million in the prior quarter. Utilization of the 28 marketed rigs was 70% in the third quarter of 2026 compared to 67% in the prior quarter. Contract drilling services costs for the third quarter were $469 million, up from $446 million in the prior quarter. Net income decreased to a $(117) million loss in the third quarter of 2026 compared to a net loss of $(37) million in the prior quarter, and Adjusted EBITDA decreased to $201 million in the third quarter of

1

2026, down from $212 million in the prior quarter. Net cash provided by operating activities in the third quarter of 2026 was $144 million, Capital Expenditures were $192 million, and Free Cash Flow was $(48) million.

Balance Sheet & Capital Allocation

The Company's balance sheet as of September 30, 2026, reflected total debt principal value of $1.9 billion and cash (and cash equivalents) of $337 million. On October 9, 2026, the sale of the Noble Resolve was finalized with the Company receiving the remaining $45 million of proceeds. Further, the sale of the Noble Globetrotter II is expected to close in the fourth quarter of 2026 for a purchase price of $38 million.

On October 26, 2026, Noble’s Board of Directors approved an interim quarterly cash dividend on our ordinary shares of $0.50 per share for the fourth quarter of 2026. The $0.50 per share dividend is expected to be paid on December 17, 2026, to shareholders of record at close of business on November 25, 2026. Future quarterly dividends and other shareholder returns will be subject to, amongst other things, approval by the Board of Directors.

Operating Highlights and Backlog

Noble's fleet of 23 marketed floaters was 66% contracted during the third quarter compared with 64% in the prior quarter. Recent contract awards since last quarter have added approximately 44 months of new floater backlog, with leading edge dayrates for Tier-1 drillships ranging between the mid-$400,000s and $500,000. Utilization of Noble's 5 marketed ultra harsh jackups was 86% in the third quarter versus 80% during the prior quarter. Recent contract awards since last quarter have added approximately 26 months of new jackup backlog, with leading edge dayrates ranging between $230,000 and $300,000.

Subsequent to last quarter’s earnings press release, new contracts with a total contract value of approximately $560 million include the following:

•Noble BlackRhino was awarded a four-well contract with TotalEnergies in Nigeria expected to commence in Q4 2026, with an estimated duration of 150 days plus six priced option wells.

•Noble Faye Kozack was awarded a five-well contract with Tullow in Ghana expected to commence in mid-2027, with an estimated duration of 250 days, plus five priced option wells.

•N