Noble (NE) Free Cash Flow (2021 - 2026)
Noble's (NE) quarterly Free Cash Flow came in at -$60.4 million in Q2 2026, down 160.51% YoY from $99.8 million in Q2 2025, and down 135.63% on a QoQ basis from $169.4 million in Q1 2026.
Noble (NE) Free Cash Flow (2021 - 2026) Analysis & Trends
Noble (NE) has 6 years of Free Cash Flow data on file, last reported at -$60.4 million in Q2 2026.
- Quarterly Free Cash Flow fell 160.51% year-over-year to -$60.4 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $283.9 million (down 30.69% YoY) and the FY2025 annual result came in at $432.2 million, up 439.12% from the prior year.
- Free Cash Flow eased to -$60.4 million in Q2 2026, from $169.4 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $169.4 million in Q1 2026 to a low of -$125.8 million in Q1 2023.
- A 5-year average of $49.6 million and a median of $49.7 million in 2022 frame the typical range for Free Cash Flow.
- Annual changes were most pronounced in 2022 — Free Cash Flow surged 1269.35% — and 2026, when it tumbled 160.51%.
- Tracing NE's Free Cash Flow over 5 years: stood at $106.1 million in 2022, then surged by 37.65% to $146.0 million in 2023, then tumbled by 103.05% to -$4.4 million in 2024, then soared by 895.37% to $35.4 million in 2025, then sank by 270.65% to -$60.4 million in 2026.
- The last three Free Cash Flow figures came in at -$60.4 million (Q2 2026), $169.4 million (Q1 2026), and $35.4 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.43 Bn | 6.98 Bn | 273.38 Mn | -60.37 Mn |
| 2 | Transocean | 6.68 Bn | 5.88 Bn | 358.00 Mn | 212.00 Mn |
| 3 | Patterson Uti Energy | 4.70 Bn | 4.50 Bn | 597.25 Mn | -99.84 Mn |
| 4 | Helmerich & Payne | 4.37 Bn | 4.13 Bn | 349.94 Mn | 83.90 Mn |
| 5 | Seadrill | 2.95 Bn | 2.59 Bn | 234.00 Mn | -43.00 Mn |
| 6 | Borr Drilling | 1.39 Bn | 1.17 Bn | - | -30.10 Mn |
| 7 | Nabors Industries | 1.32 Bn | 807.28 Mn | 309.38 Mn | 9.63 Mn |
| 8 | Precision Drilling | 1.18 Bn | 1.14 Bn | 89.29 Mn | 160.44 Mn |
| 9 | Valaris | 827.45 Mn | 286.25 Mn | 123.70 Mn | -92.40 Mn |
| 10 | Sable Offshore | 774.26 Mn | 752.66 Mn | - | -22.09 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -60.37 Mn |
| Jun 30, 2026 | -60.37 Mn |
| Mar 31, 2026 | 169.44 Mn |
| Mar 31, 2026 | 169.44 Mn |
| Dec 31, 2025 | 35.38 Mn |
| Dec 31, 2025 | 35.38 Mn |
| Sep 30, 2025 | 139.48 Mn |
| Sep 30, 2025 | 139.48 Mn |
| Jun 30, 2025 | 99.78 Mn |
| Jun 30, 2025 | 99.78 Mn |
| Mar 31, 2025 | 157.52 Mn |
| Mar 31, 2025 | 157.52 Mn |
| Dec 31, 2024 | -4.45 Mn |
| Dec 31, 2024 | -4.45 Mn |
| Sep 30, 2024 | 156.78 Mn |
| Sep 30, 2024 | 156.78 Mn |
| Jun 30, 2024 | -34.25 Mn |
| Jun 30, 2024 | -34.25 Mn |
| Mar 31, 2024 | -37.92 Mn |
| Mar 31, 2024 | -37.92 Mn |