NE · XBRL financial data
Noble financial statements, every fiscal year
The same tables from 4 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (NE's year ends in late December)
| In millions of dollars | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|
| Revenue from contracts with customers | 1,414 | 2,589 | 3,058 | 3,286 |
| General and administrative | 82 | 128 | 140 | 133 |
| Operating income (loss) | 229 | 575 | 604 | 416 |
| Interest expense | 43 | 59 | 94 | 162 |
| Income tax expense (benefit) | 23 | 30 | 44 | 56 |
| Net income (loss) | 169 | 482 | 448 | 217 |
| Earnings per share, basic USD per share | 1.99 | 3.48 | 3.01 | 1.36 |
| Earnings per share, diluted USD per share | 1.73 | 3.32 | 2.96 | 1.35 |
| Weighted average shares, basic millions of shares | 85 | 138 | 149 | 159 |
| Weighted average shares, diluted millions of shares | 98 | 145 | 152 | 160 |
Balance sheet
CSVFiscal years (NE's year ends in late December)
| In millions of dollars | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | 476 | 361 | 247 | 471 |
| Accounts receivable | 469 | 549 | 797 | 590 |
| Prepaid and other current assets | 73 | 112 | 288 | 132 |
| Total current assets | 1,052 | 1,062 | 1,389 | 1,272 |
| Property and equipment, net | 3,981 | 4,124 | 6,036 | 5,403 |
| Right-of-use asset | 35 | 25 | 79 | 60 |
| Goodwill | 26 | 0 | — | — |
| Total assets | 5,235 | 5,507 | 7,965 | 7,530 |
| Accounts payable | 291 | 395 | 398 | 299 |
| Current portion of long-term debt | 160 | 0 | — | — |
| Total current liabilities | 667 | 642 | 940 | 760 |
| Long-term debt | 513 | 586 | 1,980 | 1,976 |
| Lease liability, non-current | 24 | 15 | 66 | 52 |
| Total liabilities | 1,628 | 1,586 | 3,313 | 2,981 |
| Retained earnings | 256 | 541 | 411 | 287 |
| Total stockholders' equity | 3,607 | 3,921 | 4,651 | 4,549 |
| Total liabilities and equity | 5,235 | 5,507 | 7,965 | 7,530 |
| Common shares outstanding (cover page) millions of shares | 135 | 143 | 159 | 159 |
Cash flows
CSVFiscal years (NE's year ends in late December)
| In millions of dollars | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|
| Net income (loss) | 169 | 482 | 448 | 217 |
| Stock-based compensation | 35 | 38 | 44 | 31 |
| Net cash from operating activities | 281 | 574 | 655 | 952 |
| Net cash from investing activities | 376 | (367) | (959) | (350) |
| Share repurchases | 15 | 95 | 300 | 20 |
| Dividends paid | 0 | 99 | 278 | 320 |
| Proceeds from long-term debt | 350 | 600 | — | — |
| Repayments of long-term debt | 627 | 673 | 0 | 0 |
| Net cash from financing activities | (368) | (326) | 188 | (374) |
| Net change in cash | 289 | (118) | (115) | 228 |
Compare with peers
SIC 1381 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 1381 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Quarter |
|---|---|---|---|---|---|
| Noble | 337 | 729 | 144* | 159.7M | 10-QSep 30, 2026 |
| Helmerich & Payne | 204 | 1,035 | 154* | 99.9M | 10-QJun 30, 2026 |
| Valaris | 525 | 594 | 67* | 69.4M | 10-QSep 30, 2026 |
| Transocean | 499 | 937 | 174* | 1.1B | 10-QSep 30, 2026 |
| Patterson Uti Energy | 337 | 1,336 | 301* | 379.4M | 10-QSep 30, 2026 |
| Expro | 170 | 440 | 65* | 111.8M | 10-QSep 30, 2026 |
| Oceaneering International | 735 | 785 | 163* | 99.4M | 10-QSep 30, 2026 |
| Select Water Solutions | 33 | 396 | 87* | not reported | 10-QJun 30, 2026 |
| Liberty Energy | 119 | 1,196 | 223* | not reported | 10-QSep 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.