Noble Corporation has lowered its FY25 revenue guidance to $3.2B-$3.3B from $3.25B-$3.45B, but raised its Adjusted EBITDA view to $1.075B-$1.15B and Capital Expenditures, net of reimbursements, to $400M-$450M. The company's new revenue guidance is below the consensus estimate of $3.29B.
Noble Corporation (NE) has revised its fiscal year 2025 (FY25) guidance, lowering its revenue forecast and increasing its Adjusted EBITDA and Capital Expenditures projections. The company's new revenue guidance is $3.2 billion to $3.3 billion, down from the previous estimate of $3.25 billion to $3.45 billion [3]. This adjustment places the company's guidance below the consensus estimate of $3.29 billion [2].
Despite the revenue reduction, Noble Corporation has raised its Adjusted EBITDA forecast to a range of $1.075 billion to $1.15 billion, up from the previously estimated $1.05 billion to $1.15 billion [3]. Additionally, the company has increased its Capital Expenditures, net of reimbursements, to $400 million to $450 million, up from the previous range of $375 million to $425 million [3].
The company's second-quarter (Q2) 2025 earnings report showed a decrease in earnings per share (EPS) from $1.34 to $0.27, and a decline in revenue from $692.84 million to $848.65 million [1, 2]. However, Noble Corporation's Q2 results included a $0.50 per share cash dividend, which was part of the company's shareholder return strategy [3].
Noble Corporation's revenue guidance for FY25 is below the consensus estimate, but the company's Adjusted EBITDA and Capital Expenditures projections are higher than previously anticipated. This adjustment suggests that the company is focusing on improving profitability and capital efficiency. Investors should monitor the company's earnings call for more insights into the factors driving these changes.
References:
[1] Noble Corp. (NE) announces second quarter 2025 results. (2025). RTT News. https://www.rttnews.com/3562288/noble-corp-q2-profit-decreases-misses-estimates.aspx
[2] Noble Corporation PLC (NE) Q2 earnings and revenues lag estimates. (2025). Nasdaq. https://www.nasdaq.com/articles/noble-corporation-plc-ne-q2-earnings-and-revenues-lag-estimates
[3] Noble Corporation plc announces second quarter 2025 results. (2025). Marketscreener. https://www.marketscreener.com/news/noble-corporation-plc-announces-second-quarter-2025-results-ce7c5ed8df8bf422
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