Noble Corporation plc raised its 2026 capital-spending guidance and lowered the top of its adjusted EBITDA outlook after a $117.024 million loss in the three months ended Sept. 30. The company operates offshore drilling rigs under customer contracts.
Noble's revenue reached $728.764 million for the quarter, 8.7% below the $798.017 million posted a year earlier. Its net loss was $117.024 million, compared with a $21.095 million loss in the same period last year. Its diluted GAAP loss came to 73 cents per share. On an adjusted basis, the diluted per-share result was a loss of 57 cents, against a 19-cent profit a year earlier.
The $201 million adjusted EBITDA total compared with $212 million in the preceding quarter and $254 million a year earlier. Noble said rigs moving between contracts also affected quarterly results. These earnings figures cover the three months ended Sept. 30; the company’s guidance covers the full 2026 year.
Revenue guidance now ranges from $2.85 billion to $2.90 billion, with the floor raised from $2.80 billion and the ceiling unchanged. The adjusted EBITDA forecast is $850 million to $900 million; its lower limit remains at $850 million, while the upper limit fell from $925 million.
The company moved its 2026 capital-spending range to $680 million-$705 million, up from $615 million-$665 million. Noble said the increase largely reflects higher customer-reimbursable spending.
Awards secured since Noble's prior fleet status report added about $560 million of work. Backlog stood at $6.7 billion as of Oct. 26. Chief Executive Officer Robert W. Eifler said the contracts should help improve fleet utilization through 2027.
