NE
Market read
The latest filing evidence is available. 0 of 5 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
Invalidation: The isolated read changes if NE's group or a disclosed connection begins moving with it.
Research brief
The latest filing evidence is available. 0 of 5 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“For example, as described under “Results of Operations” below, the actual revenues earned in the second quarter of 2026 from the Noble Faye Kozack and the Noble Courage differed from prior backlog amounts due to the disclosed temporary operational suspensions.”10-Q · Jul 28, 2026 ↗
“Interest expense increased as a result of the Diamond Transaction and primarily relates to our 2030 Notes as well as the Diamond Second Lien Notes (as defined below).”10-K · Feb 12, 2026 ↗
“The decrease was primarily driven by lower labor costs of $3.4 million, $1.6 million in professional fees, and a combined $2.4 million in office rental and maintenance and facility and office costs due to the Denmark office lease termination during the second…”10-Q · Jul 28, 2026 ↗
“The decrease was primarily driven by lower labor costs of $3.4 million, $1.6 million in professional fees, and a combined $2.4 million in office rental and maintenance and facility and office costs due to the Denmark office lease termination during the second…”10-Q · Jul 28, 2026 ↗
Valuation discipline
Price/sales 2.2× · EV/sales 2.7×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:10 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for NE. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
10-Q filed 2026-04-27 against the comparable filing from 2025-04-29.
“Depreciation and amortization decreased primarily due to divestitures during the current period as well as the timing of capital additions that were placed in service as compared to retirements among the periods.”
“Demand for midwater semisubmersibles is primarily driven by brownfield activity in mature basins, especially in Northwest Europe, South America, and the Asia Pacific regions, where a generally stable level of baseload demand is supported by infield drilling and plug and abandonment requirements.”
“The decrease was primarily due to reductions within certain corporate charges such as professional fees, corporate leases, and employee-related costs.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
“Rate structures are adjusted annually to reflect market conditions.”
“Amended and Restated Senior Secured Revolving Credit Agreement In April 2023, certain subsidiaries of Noble amended and restated the senior secured revolving credit agreement, dated February 5, 2021, by entering into an Amended and Restated Senior Secured Rev…”
“Diamond Credit Agreement In connection with the Diamond Transaction, the Company terminated Diamond’s $300.0 million senior secured revolving credit facility (the “Diamond Revolving Credit Facility”) under a credit agreement, dated as of April 23, 2021 (as am…”
Filing peers
Companies whose filings use similar operating language.
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What is moving around it
NE is currently a Follower in the organic co-movement group Offshore Oil & Gas. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for NE; it is not active in the latest market snapshot.
Context history
No durable theme membership has been observed for this name yet.