Noble Corporation plc has announced its second quarter 2025 financial results, reporting an adjusted EBITDA of $282 million and free cash flow of $107 million. The company has secured approximately $380 million in new contracts involving the Globetrotter I, Innovator, Intrepid, Resilient, Stanley Lafosse, and Viking. Noble Corporation has returned over $1.1 billion to shareholders since Q4 2022, including a Q3 2025 dividend of $0.50 per share. The company has completed fleet rationalization for Meltem and Scirocco, with plans for Globetrotter II, Highlander, and Reacher. Updated guidance for 2025 includes increased adjusted EBITDA and capital expenditures, though revenue expectations have been lowered. Revised guidance ranges detail an adjusted EBITDA margin projected to rise from 33% to 39%, with capital expenditures net of insurance proceeds adjusted from $110 million to $98 million. Net debt is reported at $1.64 billion with a net leverage of 1.3x, while liquidity stands at $870 million. The backlog is reported at $6.9 billion, a decrease from the prior quarter's $7.5 billion.