Noble (NE) Operating Expenses (2021 - 2026)
Noble's (NE) quarterly Operating Expenses came in at $689.2 million in Q2 2026, down 3.39% on a YoY basis from $713.4 million in Q2 2025, and up 22.99% quarter-over-quarter from $560.4 million in Q1 2026.
Analysis
Noble (NE) Operating Expenses (2021 - 2026) Analysis & Trends
Noble (NE) has reported Operating Expenses for 6 consecutive years, with $689.2 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses fell 3.39% year-over-year to $689.2 million; the trailing twelve-month figure through Jun 2026 stood at $2.7 billion (down 4.32% YoY), and the FY2025 full-year result was $2.9 billion, up 16.96% from the prior year.
- Operating Expenses grew to $689.2 million in Q2 2026 per NE's latest filing, from $560.4 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.
- Historically, Operating Expenses has averaged $542.9 million across 5 years, with a median of $529.5 million in 2023.
- The sharpest annual moves came in 2022 and 2026: Operating Expenses jumped 546.29% in 2022, then decreased 18.45% in 2026.
- Over 5 years, Operating Expenses stood at $458.4 million in 2022, then gained by 5.88% to $485.3 million in 2023, then soared by 55.85% to $756.3 million in 2024, then retreated by 4.56% to $721.9 million in 2025, then retreated by 4.52% to $689.2 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $689.2 million, $560.4 million, and $721.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.26 Bn | 6.81 Bn | 273.38 Mn | 689.21 Mn |
| 2 | Transocean | 6.44 Bn | 5.65 Bn | 358.00 Mn | 812.00 Mn |
| 3 | Seadrill | 2.98 Bn | 2.62 Bn | 234.00 Mn | 377.00 Mn |
| 4 | Borr Drilling | 1.13 Bn | 907.38 Mn | - | -232.10 Mn |
| 5 | Valaris | 816.35 Mn | 275.15 Mn | 123.70 Mn | 498.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 689.21 Mn |
| 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 |