topstockalerts
Jul 27, 10:27 PM
Noble Corp shares plunged in after-hours trading after the offshore driller reported weak Q2 2026 results and sharply cut its full-year outlook. Adjusted EPS came in at just
$0.01, far below the
$0.19 consensus estimate, while the company posted a net loss of
$37 million versus net income of
$43 million a year earlier. Revenue of
$720 million slightly topped expectations but still fell 15% year over year.
The biggest concern was Noble’s reduced 2026 revenue guidance of
$2.8 billion–
$2.9 billion, well below the prior analyst consensus of about
$2.97 billion, with Brazil rig suspensions cited as the main headwind. Q2 adjusted EBITDA was
$212 million, reflecting margin pressure from lower rig utilization. The guidance cut added to existing analyst skepticism after recent target-price reductions and a "Strong Sell" downgrade.
The combination of a major earnings miss, declining revenue, weaker margins, and a lowered full-year outlook triggered a sharp after-hours selloff.
$NE
