Announcement • May 24
Noble Corporation plc Announces Appointment of Jeff Miller as Director Noble Corporation plc announced that the Company's Board of Directors has appointed Mr. Jeff Miller, the Chairman of the Board of Directors, President, and Chief Executive Officer of Halliburton, to serve as a director of Noble. Mr. Miller currently serves as the Chairman of the Board, President, and Chief Executive Officer of Halliburton. Since joining Halliburton in 1997, Mr. Miller has served in several roles, including Chief Operating Officer, Senior Vice President of Business Development, Regional Vice President of Gulf of Mexico, and Operations Vice President of Angola and Indonesia. Mr. Miller holds a Bachelor of Science in agriculture and business from McNeese State University and an MBA from Texas A&M University. Announcement • Apr 28
Noble Corporation plc Maintains Earnings Guidance for Full Year 2026 Noble Corporation plc maintained earnings guidance for full year 2026. For the period, the company expects revenue of $2,800 million to $3,000 million. Announcement • Apr 27
Noble Corporation plc Announces an Interim Quarterly Cash Dividend on Ordinary Shares for the Second Quarter of 2026, Payable on June 25, 2026 Noble Corporation plc announced that April 26, 2026, Noble's Board of Directors approved an interim quarterly cash dividend on ordinary shares of $0.50 per share for the second quarter of 2026. The $0.50 per share dividend is expected to be paid on June 25, 2026, to shareholders of record at close of business on June 4, 2026. Future quarterly dividends and other shareholder returns will be subject to, amongst other things, approval by the Board of Directors. Announcement • Apr 15
Noble Corporation plc to Report Q1, 2026 Results on Apr 26, 2026 Noble Corporation plc announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on Apr 26, 2026 Announcement • Mar 17
Noble Corporation plc, Annual General Meeting, Apr 29, 2026 Noble Corporation plc, Annual General Meeting, Apr 29, 2026. Location: noble corporation plc, 2101 citywest boulevard, suite 600, houston, tx 77042, United States Announcement • Feb 02
Noble Corporation plc to Report Q4, 2025 Results on Feb 11, 2026 Noble Corporation plc announced that they will report Q4, 2025 results After-Market on Feb 11, 2026 Announcement • Oct 14
Noble Corporation plc to Report Q3, 2025 Results on Oct 27, 2025 Noble Corporation plc announced that they will report Q3, 2025 results After-Market on Oct 27, 2025 Announcement • Aug 22
Noble Corporation plc Announces Resignation of Jennifer Yeung as Chief Accounting Officer and Principal Accounting Officer, Effective September 19, 2025 On August 19, 2025, Jennifer Yeung notified Noble Corporation of her resignation as Chief Accounting Officer of the Company and principal accounting officer of the Company, to be effective September 19, 2025. Ms. Yeung’s resignation is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices. Effective immediately following Ms. Yeung’s departure, and until such time as a replacement is named, Richard Barker, the Company’s Chief Financial Officer, is expected to assume the additional responsibilities of principal accounting officer of the Company. Announcement • Jul 16
Noble Corporation plc to Report Q2, 2025 Results on Aug 05, 2025 Noble Corporation plc announced that they will report Q2, 2025 results After-Market on Aug 05, 2025 Announcement • Apr 09
Noble Corporation plc to Report Q1, 2025 Results on Apr 28, 2025 Noble Corporation plc announced that they will report Q1, 2025 results After-Market on Apr 28, 2025 Announcement • Mar 28
Noble Corporation plc, Annual General Meeting, May 08, 2025 Noble Corporation plc, Annual General Meeting, May 08, 2025. Location: nobleadvances training & collaboration, 12550 reed rd ste 200, texas, 77478, sugar land United States Announcement • Mar 27
Noble Corporation plc Announces Board Changes Noble Corporation plc announced that on March 24, 2025, each of Mr. Alastair Maxwell and Ms. Ann D. Pickard notified the board of directors of the company that they will not stand for re-election at the Company’s 2025 Annual General Meeting. As a result, their service on the Board will cease as of the conclusion of the 2025 AGM and, at that time, the size of the Board shall be decreased to seven directors. The decision of each of Mr. Maxwell and Ms. Pickard to not stand for re-election did not involve any disagreement with the Board, or the Company’s management, operations, policies or practices. Announcement • Jan 30
Noble Corporation plc to Report Q4, 2024 Results on Feb 17, 2025 Noble Corporation plc announced that they will report Q4, 2024 results After-Market on Feb 17, 2025 Announcement • Dec 17
Noble Corporation plc(CPSE:NOBLE) dropped from OMX Nordic All-Share Index Noble Corporation Plc has been dropped from the OMX Nordic All-Share Index. Announcement • Nov 20
Noble Corporation Announces Approval of Request for Removal from Trading and Official Listing on Nasdaq Copenhagen Noble Corporation plc announced that, Nasdaq Copenhagen A/S has approved Noble's request for the voluntary removal of its shares (in the form of share entitlements) (the "Danish Shares") from trading and official listing on Nasdaq Copenhagen (the "Delisting") pursuant to Rule 22(ii) of Supplement A of the Nordic Main Market Rulebook for Issuers of Shares. The last day of trading on Nasdaq Copenhagen will be December 16, 2024 and the Delisting will be effective on December 17, 2024. Following the Delisting, the Danish Shares will no longer be tradable on Nasdaq Copenhagen. The Delisting will not affect Noble's listing on the New York Stock Exchange and Noble will remain traded on the New York Stock Exchange as Noble's primary listing exchange. Possible courses of action for holders of Noble's Danish Shares: In connection with the Delisting, holders of Danish Shares may: Dispose of their Danish Shares on Nasdaq Copenhagen before the Delisting is effective; or Convert their Danish Shares to an equivalent number of Noble shares tradeable on the New York Stock Exchange. Alternatively, holders of Danish Shares may do nothing but will hold an illiquid asset following the Delisting. Announcement • Jun 13
Noble Corporation plc Announces Increase to Quarterly Dividend Noble Corporation plc announced that the 25% increase to quarterly dividend, up from $0.40 to $0.50, effective next quarter. New Risk • Jun 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (90% cash payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €43.15, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 9x in the Energy Services industry in Europe. Total returns to shareholders of 36% over the past year. Announcement • Jun 10
Noble Corporation plc (NYSE:NE) entered into a definitive merger agreement to acquire Diamond Offshore Drilling, Inc. (NYSE:DO) from BlackRock, Inc. (NYSE:BLK), KGH Ltd., The Vanguard Group, Inc., Capital Research Global Investors and others for approximately $1.6 billion. Noble Corporation plc (NYSE:NE) entered into a definitive merger agreement to acquire Diamond Offshore Drilling, Inc. (NYSE:DO) from BlackRock, Inc. (NYSE:BLK), KGH Ltd., The Vanguard Group, Inc., Capital Research Global Investors and others for approximately $1.6 billion on June 10, 2024. As part of the transaction, Diamond shareholders will receive 0.2316 shares of Noble, plus cash consideration of $5.65 per share for each share of Diamond stock, an 11.4% premium to closing stock prices on June 7, 2024, representing 64% stock / 36% cash ($600 million total cash consideration). Upon closing, Diamond shareholders will own approximately 14.5% of Noble’s outstanding shares and Noble shareholders will hold 85.5% stake. The implied cash and stock consideration to be received by Diamond shareholders is $15.52 per share, representing a premium of 11.4% to Diamond’s closing share price on June 7, 2024. Noble intends to fund the cash portion of the transaction through new debt financing, which Noble has secured through a $600 million committed bridge financing facility. At closing, the Noble Board of Directors will be expanded to include one member from the Diamond Board.
The transaction is subject to the satisfaction of customary closing conditions, including receipt of required regulatory approvals and the approval of Diamond shareholders. The transaction has been unanimously approved by the Board of Directors of each company. The transaction is expected to close by the first quarter of 2025.
Morgan Stanley & Co. LLC is acting as lead financial advisor to Noble and has provided committed financing. Wells Fargo and SB1 Markets also acted as financial advisors to Noble. Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal advisor to Noble. Guggenheim Securities, LLC and TPH&Co., the energy business of Perella Weinberg Partners, are acting as lead financial advisors to Diamond. Kirkland & Ellis LLP is acting as legal advisor to Diamond. Upcoming Dividend • May 30
Upcoming dividend of US$0.40 per share Eligible shareholders must have bought the stock before 06 June 2024. Payment date: 27 June 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (3.6%). Reported Earnings • May 07
First quarter 2024 earnings released: EPS: US$0.67 (vs US$0.80 in 1Q 2023) First quarter 2024 results: EPS: US$0.67 (down from US$0.80 in 1Q 2023). Revenue: US$612.4m (up 6.5% from 1Q 2023). Net income: US$95.5m (down 12% from 1Q 2023). Profit margin: 16% (down from 19% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Energy Services industry in Europe. Recent Insider Transactions • Feb 29
Senior VP & CFO recently sold €1.8m worth of stock On the 26th of February, Richard Barker sold around 45k shares on-market at roughly €39.11 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Richard has been a net seller over the last 12 months, reducing personal holdings by €2.7m. Upcoming Dividend • Feb 29
Upcoming dividend of US$0.40 per share Eligible shareholders must have bought the stock before 07 March 2024. Payment date: 21 March 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (5.2%). In line with average of industry peers (3.6%). Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: US$3.48 (vs US$1.99 in FY 2022) Full year 2023 results: EPS: US$3.48 (up from US$1.99 in FY 2022). Revenue: US$2.59b (up 94% from FY 2022). Net income: US$481.9m (up 185% from FY 2022). Profit margin: 19% (up from 13% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Energy Services industry in Europe. Announcement • Nov 23
Noble Corporation Announces Appointment of H. Keith Jennings as Director Noble Corporation plc announced that the Company's Board of Directors has appointed H. Keith Jennings to serve as a director. Mr. Jennings was also appointed as the chair of the Audit Committee. Mr. Jennings served as Executive Vice President and Chief Financial Officer of Weatherford International from September 2020 to August 2022, Executive Vice President and Chief Financial Officer of Calumet Specialty Products Partners from October 2019 to August 2020, Vice President, Finance of Eastman Chemical Company from 2018 to 2019, Vice President & Treasurer of Eastman Chemical Company from 2016 to 2018 and Vice President & Treasurer of Cameron International from 2009 to 2016. He currently serves on the board of 5E Advanced Materials Inc. Mr. Jennings holds a Bachelor of Commerce from the University of Toronto and an MBA from Columbia University and is a Chartered Professional Accountant. Upcoming Dividend • Nov 07
Upcoming dividend of US$0.40 per share at 3.3% yield Eligible shareholders must have bought the stock before 14 November 2023. Payment date: 14 December 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.0%). Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: US$1.14 (vs US$0.48 in 3Q 2022) Third quarter 2023 results: EPS: US$1.14 (up from US$0.48 in 3Q 2022). Revenue: US$671.0m (up 132% from 3Q 2022). Net income: US$158.3m (up 371% from 3Q 2022). Profit margin: 24% (up from 12% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Energy Services industry in Europe. Announcement • Nov 01
Noble Corporation plc Increases Earnings Guidance for the Full Year 2023 Noble Corporation Plc increased earnings guidance for the full year 2023. For the full year 2023, the company expected total revenue to a range of $2.5 to $2.6 billion (previously $2.35 to $2.55 billion). Board Change • Aug 21
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. President, CEO & Director Robert Eifler is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Aug 17
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. President, CEO & Director Robert Eifler is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Aug 04
Noble Corporation plc Provides Revenue Guidance for the Full Year 2023 Noble Corporation Plc provided revenue guidance For the full year 2023. For the year, company maintains the previously communicated guidance for total revenue in the range of $2.35 billion to $2.55 billion. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: US$0.48 (vs US$0.53 in 2Q 2022) Second quarter 2023 results: EPS: US$0.48. Revenue: US$606.2m (up 131% from 2Q 2022). Net income: US$65.8m (up 78% from 2Q 2022). Profit margin: 11% (down from 14% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Energy Services industry in Europe. New Risk • Jul 24
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 206% Dividend yield: 2.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (111% increase in shares outstanding). Minor Risks Dividend is not well covered by cash flows (206% cash payout ratio). Share price has been volatile over the past 3 months (7.1% average weekly change). Significant insider selling over the past 3 months (€4.2m sold). Announcement • Jul 12
Noble Corporation plc Announces the Initiation of A Quarterly Interim Dividend, Payable on September 14, 2023 Noble Corporation plc announced that the board of directors has declared a quarterly interim dividend on its A ordinary shares of $0.30 per share. This dividend is to be payable on September 14, 2023, to shareholders of record at close of business on August 17, 2023. Going forward, the Company intends to pay dividends on a quarterly basis, and this initial dividend represents $1.20 on an annualized basis. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €38.02, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Energy Services industry in Europe. Total returns to shareholders of 47% over the past year. Recent Insider Transactions • Jun 11
Insider recently sold €594k worth of stock On the 7th of June, Blake Denton sold around 16k shares on-market at roughly €37.78 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.9m. Insiders have been net sellers, collectively disposing of €4.2m more than they bought in the last 12 months. Recent Insider Transactions • May 28
President recently sold €1.9m worth of stock On the 26th of May, Robert Eifler sold around 50k shares on-market at roughly €37.57 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Robert's only on-market trade for the last 12 months. Reported Earnings • May 05
First quarter 2023 earnings released: EPS: US$0.80 (vs US$0.54 loss in 1Q 2022) First quarter 2023 results: EPS: US$0.80 (up from US$0.54 loss in 1Q 2022). Revenue: US$575.3m (up 195% from 1Q 2022). Net income: US$108.1m (up US$144.7m from 1Q 2022). Profit margin: 19% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Energy Services industry in Europe. Announcement • May 04
Noble Corporation plc Provides Revenue Guidance for the Year 2023 Noble Corporation Plc provided revenue guidance for the year 2023. for the year, the company expects total revenue in the range of $2.35 to $2.55 billion. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: US$1.99 (vs US$4.31 in FY 2021) Full year 2022 results: EPS: US$1.99 (down from US$4.31 in FY 2021). Revenue: US$1.33b (up 70% from FY 2021). Net income: US$168.9m (down 52% from FY 2021). Profit margin: 13% (down from 45% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Energy Services industry in Europe. Announcement • Feb 14
Noble Corporation Plc to Report Q4, 2022 Results on Feb 26, 2023 Noble Corporation Plc announced that they will report Q4, 2022 results on Feb 26, 2023 Announcement • Feb 04
Noble Corporation plc Announces Executive Changes Noble Corporation Plc announced that in connection with the retirement of William Turcotte, current Senior Vice President, General Counsel and Corporate Secretary of Noble Corporation plc, on February 3, 2023, Mr. Turcotte and a subsidiary of the Company entered into a transition and retirement agreement (the Transition and Retirement Agreement). Pursuant to the Transition and Retirement Agreement, Mr. Turcotte will continue to serve in his current role until April 1, 2023, at which time he will transition out of his role and serve as Senior Advisor to the Chief Executive Officer through February 2024 (the Transition Period). Mr. Turcotte will be succeeded in his current role by Jennie Howard, the current Vice President, Associate General Counsel, and Assistant Corporate Secretary. Mr. Turcotte’s role as Senior Advisor and his employment with the Company is expected to terminate in February 2024. Board Change • Jan 30
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Al Hirshberg was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 18
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Al Hirshberg was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improved over the past week After last week's 21% share price gain to €41.00, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Energy Services industry in Europe. Total returns to shareholders of 85% over the past year. Reported Earnings • Nov 04
Third quarter 2022 earnings released: EPS: US$0.48 (vs US$0.35 loss in 3Q 2021) Third quarter 2022 results: EPS: US$0.48 (up from US$0.35 loss in 3Q 2021). Revenue: US$289.5m (up 25% from 3Q 2021). Net income: US$33.6m (up US$57.3m from 3Q 2021). Profit margin: 12% (up from net loss in 3Q 2021). Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Energy Services industry in Europe. Board Change • Oct 21
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Al Hirshberg was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 07
Less than half of directors are independent Following Directors Alastair Maxwell's arrival on 01 October 2022, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Al Hirshberg was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.