Noble Corporation lowered its full-year 2026 guidance, now projecting total revenue of $2.8 billion to $2.9 billion and adjusted EBITDA of $850 million to $925 million, down from prior ranges of $2.8 billion to $3 billion and $940 million to $1.02 billion respectively. The revision was driven primarily by a $43 million adverse impact from an operational suspension affecting both of the company's rigs in Brazil, as well as the Intrepid/Innovator swap and Viking options likely moving into 2027. Second-quarter adjusted EBITDA came in at $212 million on contract drilling services revenue of $679 million, with free cash flow negative $59 million. Noble secured two new contracts totaling approximately $200 million in backlog, bringing its total backlog to $6.8 billion, and maintained its quarterly dividend of $0.50 per share. Capital expenditure guidance for the year remains unchanged at $615 million to $665 million.
Noble Corporation plcNoble lowered 2026 guidance due to Brazil rig suspension and other operational issues.