NE's new contract involves drilling one well using the Noble Regina Allen rig. The project is expected to begin in the fourth quarter of 2025.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Noble Corporation plc (NYSE:NE ) Q4 2024 Earnings Conference Call February 18, 2025 10:00 AM ET Company Participants Robert Eifler - President and Chief Executive Officer Richard Barker - Chief Financial Officer Joey Kawaja - Senior Vice President of Operations Ian MacPherson - Vice President of Investor Relations Conference Call Participants Arun Jayaram - JPMorgan Eddie Kim - Barclays Fredrik Stene - Clarksons Securities Kurt Hallead - Benchmark Noel Parks - Tuohy Brothers Josh Jane - Daniel Energy Partners David Smith - Pickering Energy Partners Operator Good morning, ladies and gentlemen, and thank you for standing by. My name is Kelvin and I will be your conference operator today.
Noble Corporation PLC (NE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Noble plans to divest the Pacific Meltem and Pacific Scirocco rigs and permanently keep them out of drilling operations.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
NE, SAIC and SKYW made it to the Zacks Rank #1 (Strong Buy) value stocks list on February 4, 2025.
Following the acquisitions of Maersk Drilling and Diamond Offshore, Noble Corporation is now one of the largest offshore drilling contractors, second only to Transocean based on enterprise value. Noble's capital structure is balanced with net debt accounting for less than 25% of the enterprise value. In contrast, Seadrill has almost no net debt, and Transocean remains overleveraged. In today's environment, Noble generates healthy free cash flows representing approximately 10% of the current market capitalization. Most of the excess cash is distributed to shareholders via buybacks and dividends.
NE's new drilling assignment in Australia is anticipated to last for at least 37 days. The assignment will follow Ocean Apex's prior commitments in the region.
NE's contract involves drilling three wells offshore Suriname for Petronas using its semi-submersible rig Noble Developer. The rig previously worked for Petronas in Suriname.
Noble Corporation's Noble Venturer drillship is expected to begin operations offshore Ghana in 2025 while Noble Globetrotter I is anticipated to start its contract early in January 2025.
INDIANAPOLIS, IN / ACCESSWIRE / December 10, 2024 / Noble Roman's, Inc. (OTCQB:NROM), the Indianapolis based franchisor and licensor of Noble Roman's Pizza and Noble Roman's Craft Pizza & Pub, announced the continued rapid expansion of its non-traditional franchises, primarily in convenience stores and travel plazas. According to the company's current opening schedule, it will open approximately 19 new franchise locations in the fourth quarter of 2024, which includes three new units for Majors Management LLC.