Welcome to our dedicated page for Noble Corporation plc news (Ticker: NE), a resource for investors and traders seeking the latest updates and insights on Noble Corporation plc stock.
Noble Corporation plc (NYSE: NE, CSE: NOBLE) is a premier offshore drilling contractor for the oil and gas industry, owning and operating one of the most modern, versatile, and technically advanced fleets in the sector. The company specializes in ultra-deepwater and high-specification jackup drilling opportunities across both established and emerging regions globally. Noble's operations are driven by a high-specification fleet of floating and jackup rigs, deployed in diverse oil and gas basins around the world.
Core Business: Noble provides contract drilling services through its fleet of mobile offshore drilling units. This includes a mix of floaters and jackups designed to meet the rigorous demands of offshore drilling. The company has been a part of the contract drilling industry since 1921, continuously evolving to meet the changing needs of the market.
Recent Achievements: In recent news, Noble has shown robust performance with fourth-quarter 2023 revenue reaching $609 million. The company's integration with Maersk Drilling has been substantially successful, capping a year of strong operational performance. Noble's marketed fleet utilization stood at 68% for the fourth quarter of 2023.
Current Projects & Financial Condition: Noble announced a guidance range for total revenue in 2024 of $2,550 to $2,700 million, with an Adjusted EBITDA range of $925 to $1,025 million. The company's backlog as of February 2024 stands at $4.6 billion, indicating strong future revenue streams. Noble's balance sheet as of December 31, 2023, reflected a total debt principal value of $600 million and cash equivalents of $361 million.
Partnerships & Products: Noble recently entered into a definitive merger agreement with Diamond Offshore Drilling, Inc., enhancing its fleet and market position. This acquisition is expected to be immediately accretive to free cash flow per share, adding significant value to shareholders.
Additional Information: Noble continues to focus on delivering superior services to its clients, supported by its robust and technologically advanced fleet. For more details, visit www.noblecorp.com or email investors@noblecorp.com.
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