Noble Corporation Reports $6.7 Billion Backlog and Increased Contracted Capacity for 2027
Noble Corporation (NE) reported its third-quarter financial results, highlighting a robust backlog of $6.7 billion. The company noted a significant increase in contracted capacity, projecting a 20% rise in available capacity by the second half of 2027 compared to previous estimates. Financially, Noble earned an adjusted EBITDA of $201 million during the quarter, though it reported negative free cash flow of $48 million. Despite the cash flow deficit, the company maintained its shareholder returns by distributing a quarterly dividend of $0.50 per share.
Tickers: $NE
Topics: Dividends EBITDA Free Cash Flow Quarterly Earnings
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