Noble (NE) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, February 12, 2026 astatine 10:52 AM CST 39 min read

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Thursday, February 12, 2026 astatine 9:00 a.m. ET

• President and Chief Executive Officer — Robert W. Eifler

• Chief Financial Officer — Richard B. Barker

• Senior Vice President, Marketing and Contracts — Blake Denton

• Senior Vice President, Operations — Angeli Kolaja

• Director of Investor Relations — Ian MacPherson

Operator: Thank you for lasting by. My sanction is Carrie, and I volition beryllium your league relation today. At this time, I would similar to invited everyone to the Noble Corporation Plc Fourth Quarter 2025 Earnings Conference Call. All lines person been placed connected mute to forestall immoderate inheritance noise. After the speakers’ remarks, determination volition beryllium a question-and-answer session. If you would similar to inquire a question during this time, delight property prima followed by the fig 1 connected your telephone keypad. If you would similar to retreat your question, convey you. I would present similar to crook the telephone implicit to Ian MacPherson. You whitethorn begin.

Ian MacPherson: Thank you, operator, and welcome, everyone, to Noble Corporation Plc’s Fourth Quarter 2025 Earnings Conference Call. You tin find a transcript of our net report, on with the supporting statements and schedules, connected our website astatine noblecorp.com. We volition notation an net presumption that is posted successful the Investor Relations leafage of our website. Today’s telephone volition diagnostic prepared remarks from our President and CEO, Robert W. Eifler, arsenic good arsenic our CFO, Richard B. Barker. We besides person with america Blake Denton, Senior Vice President of Marketing and Contracts, and Angeli Kolaja, Senior Vice President of Operations.

During the people of this call, we whitethorn marque definite forward-looking statements regarding assorted matters to our concern and companies that are not humanities facts. Such statements are based upon existent expectations and assumptions of absorption and are truthful taxable to definite risks and uncertainties. Any factors could origin existent results to disagree materially from these forward-looking statements. Noble does not presume immoderate work to update these statements. Also note, we are referencing non-GAAP fiscal measures successful the telephone today. You tin find the required supplemental disclosure for these measures, including the astir straight comparable GAAP measurement and an associated reconciliation, successful our net study issued yesterday and filed with the SEC.

I volition present crook the telephone implicit to Robert W. Eifler, President and CEO of Noble Corporation Plc. Thanks, Ian. Welcome, everyone, and convey you for joining us. Today, I volition locomotion done our fiscal and operational highlights, caller commercialized wins, marketplace outlook, including our semiannual reappraisal of deepwater rig request astir the world, and a little update connected our fleet strategy. Richard volition past supply a fiscal overview, and I volition wrapper up with closing remarks earlier we spell to Q&A. Starting with Q4, we reported adjusted EBITDA of $232,000,000 and escaped currency travel of $35,000,000, bringing adjusted EBITDA for the afloat twelvemonth 2025 somewhat supra the $1,100,000,000 midpoint of our archetypal guidance.