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

Noble (NE-WTA) reported Operating Expenses of $560.4 million for Q1 2026, down 18.45% on a YoY basis from $687.1 million in Q1 2025, and down 22.37% quarter-over-quarter from $721.9 million in Q4 2025.

Noble (NE-WTA) Operating Expenses (2021 - 2026) Analysis & Trends

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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Precision Drilling 153.75 Bn 153.69 Bn 120.82 Mn 30.44 Mn
2 Noble 7.23 Bn 6.56 Bn 755.58 Mn 560.38 Mn
3 Transocean 6.52 Bn 5.90 Bn 475.00 Mn 798.00 Mn
4 Patterson Uti Energy 4.41 Bn 4.07 Bn 535.85 Mn 1.13 Bn
5 Helmerich & Payne 3.80 Bn 3.70 Bn 907.56 Mn 969.28 Mn
6 Seadrill 2.73 Bn 2.40 Bn 177.00 Mn 334.00 Mn
7 Sable Offshore 1.70 Bn 1.65 Bn -66.76 Mn 120.03 Mn
8 Borr Drilling 1.40 Bn 1.16 Bn - -144.70 Mn
9 Nabors Industries 1.38 Bn 1.26 Bn 290.08 Mn 765.29 Mn
10 Noble - - 755.58 Mn 560.38 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 560.38 Mn
Dec 31, 2025 721.85 Mn
Sep 30, 2025 747.62 Mn
Jun 30, 2025 713.40 Mn
Mar 31, 2025 687.15 Mn
Dec 31, 2024 756.35 Mn
Sep 30, 2024 685.07 Mn
Jun 30, 2024 482.89 Mn
Mar 31, 2024 529.54 Mn
Dec 31, 2023 485.30 Mn
Sep 30, 2023 496.67 Mn
Jun 30, 2023 529.39 Mn
Mar 31, 2023 502.95 Mn
Dec 31, 2022 458.35 Mn
Sep 30, 2022 254.31 Mn
Jun 30, 2022 227.55 Mn
Mar 31, 2022 244.86 Mn
Dec 31, 2021 70.92 Mn
Sep 30, 2021 263.86 Mn