SUGAR LAND, Texas, Oct. 31, 2023 /PRNewswire/ -- Noble Corporation
plc ("Noble") (CSE: NOBLE, NYSE: NE) today updates its prior
guidance.
In accordance with Danish legal and stock exchange requirements,
Noble announced that for the full year 2023, it is increasing
guidance for total revenue to a range of $2.5 to $2.6
billion (previously $2.35 to
$2.55 billion) and Adjusted EBITDA to
a range of $775 to $825 million (previously $725 to $825
million). Full year 2023 guidance for capital expenditures
(net of reimbursable capex) remains unchanged at a range of
$325 to $365
million.
Noble is releasing its third quarter earnings simultaneously
with this update, please see the Third Quarter 2023 Earnings
Release for additional details.
About Noble Corporation plc
Noble is a leading
offshore drilling contractor for the oil and gas industry.
The Company owns and operates one of the most modern, versatile,
and technically advanced fleets in the offshore drilling
industry. Noble and its predecessors have been engaged in the
contract drilling of oil and gas wells since 1921. Noble
performs, through its subsidiaries, contract drilling services with
a fleet of offshore drilling units focused largely on
ultra-deepwater and high specification jackup drilling
opportunities in both established and emerging regions worldwide.
For further information visit www.noblecorp.com or email
investors@noblecorp.com.
IMPORTANT INFORMATION
This announcement is for
information purposes only and does not constitute or contain any
invitation, solicitation, recommendation, offer or advice to any
person to subscribe for or otherwise acquire or dispose of any
securities of Noble.
This communication includes "forward-looking statements" within
the meaning of Section 27A of the Securities Act and Section 21E of
the Exchange Act, as amended. All statements other than statements
of historical facts included in this communication are forward
looking statements, including those regarding future guidance,
including revenue and adjusted EBITDA. Forward-looking statements
involve risks, uncertainties and assumptions, and actual results
may differ materially from any future results expressed or implied
by such forward-looking statements. When used in this
communication, or in the documents incorporated by reference, the
words "anticipate," "believe," "continue," "could," "estimate,"
"expect," "intend," "may," "might," "on track," "plan," "possible,"
"potential," "predict," "project," "should," "would," "shall,"
"target," "will" and similar expressions are intended to be among
the statements that identify forward-looking statements. Although
we believe that the expectations reflected in such forward-looking
statements are reasonable, we cannot assure you that such
expectations will prove to be correct. These forward-looking
statements speak only as of the date of this communication and we
undertake no obligation to revise or update any forward-looking
statement for any reason, except as required by law. Risks and
uncertainties include, but are not limited to, those detailed in
Noble's most recent Annual Report on Form 10-K, Quarterly Reports
Form 10-Q and other filings with the U.S. Securities and Exchange
Commission. We cannot control such risk factors and other
uncertainties, and in many cases, we cannot predict the risks and
uncertainties that could cause our actual results to differ
materially from those indicated by the forward-looking statements.
You should consider these risks and uncertainties when you are
evaluating us.
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