Noble (NE) Operating Expenses (2021 - 2026)
Noble posted quarterly Operating Expenses of $560.4 million for Q1 2026, down 18.45% year-on-year from $687.1 million in Q1 2025, and down 22.37% on a QoQ basis from $721.9 million in Q4 2025.
Noble (NE) has 6 years of Operating Expenses data on file, last reported 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.
- Across five years, Operating Expenses topped out at $756.3 million in Q4 2024 and bottomed at $227.6 million in Q2 2022.
- The 5-year median for Operating Expenses is $529.4 million (2023), against an average of $534.3 million.
- The widest annual swing landed in 2022, when Operating Expenses soared 546.29%; it then retreated 18.45% in 2026.
- A 5-year view of Operating Expenses shows it stood at $458.4 million in 2022, then rose by 5.88% to $485.3 million in 2023, then surged by 55.85% to $756.3 million in 2024, then fell by 4.56% to $721.9 million in 2025, then dropped 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 | 157.47 Bn | 157.41 Bn | 120.82 Mn | 30.44 Mn |
| 2 | Noble | 8.34 Bn | 7.67 Bn | 755.58 Mn | 560.38 Mn |
| 3 | Transocean | 7.55 Bn | 6.94 Bn | 475.00 Mn | 798.00 Mn |
| 4 | Patterson Uti Energy | 4.63 Bn | 4.30 Bn | 535.85 Mn | 1.13 Bn |
| 5 | Helmerich & Payne | 3.96 Bn | 3.86 Bn | 907.56 Mn | 969.28 Mn |
| 6 | Seadrill | 3.20 Bn | 2.87 Bn | 177.00 Mn | 334.00 Mn |
| 7 | Sable Offshore | 2.10 Bn | 2.05 Bn | -66.76 Mn | 120.03 Mn |
| 8 | Nabors Industries | 1.49 Bn | 1.37 Bn | 290.08 Mn | 765.29 Mn |
| 9 | Borr Drilling | 1.48 Bn | 1.10 Bn | - | -140.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |