Noble went from red to black figures during Q3
Rig company Noble Corporation, which now includes Maersk Drilling, increased its revenue in Q3, during which the bottom line turned out a profit coming from a loss in the corresponding period last year.
The top line also revealed better figures than expected, although profits were slightly below analyst estimates.
In Q3, Noble saw revenue of USD 306m against Bloomberg-assembled analyst outlook of USD 284.6m.
In 2021’s third quarter, revenue landed at USD 250m.
This year’s third quarter produced an operating result (EBITDA) of USD 97m against the analyst forecast of USD 87.5m and USD 47m in Q3 last year.
Net profit in Q3’22 totaled USD 33.6m against analyst estimates of USD 37.2m.
”Our third quarter financial results showed continued improvement, driven by rising day rates and consistently strong utilization. We are excited to have closed the business combination between Noble and Maersk Drilling in early October and are well underway with integration activities,” says Noble CEO Robert W. Eifler in the financial report.
English edit: Kristoffer Grønbæk
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