Noble (NE-WT) Operating Expenses (2021 - 2026)

Noble has reported Operating Expenses for 6 years, with the latest figure at $560.4 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses fell 18.45% year-over-year to $560.4 million; the trailing twelve-month figure through Mar 2026 stood at $2.7 billion (up 5.05% YoY), and the FY2025 full-year result was $2.9 billion, up 16.96% from the prior year.
• Operating Expenses for Q1 2026 stood at $560.4 million, down from $721.9 million in the prior quarter.
• The five-year high for Operating Expenses was $756.3 million in Q4 2024, with the low at $227.6 million in Q2 2022.
• Historically, Operating Expenses has averaged $534.3 million across 5 years, with a median of $529.4 million in 2023.
• Annual changes were most pronounced in 2022 — Operating Expenses soared 546.29% — and 2026, when it retreated 18.45%.
• Noble's Operating Expenses stood at $458.4 million in 2022, then increased by 5.88% to $485.3 million in 2023, then jumped by 55.85% to $756.3 million in 2024, then declined by 4.56% to $721.9 million in 2025, then slipped by 22.37% to $560.4 million in 2026.
• The last three Operating Expenses figures came in at $560.4 million (Q1 2026), $721.9 million (Q4 2025), and $747.6 million (Q3 2025), per Business Quant data.