Shares of Noble Corp PLC (NE) tumbled 6.05% in after-hours trading following the release of the company's second-quarter 2026 financial results, which missed analyst expectations and included a cut to its full-year guidance.

The offshore drilling contractor reported adjusted earnings per share of $0.01, significantly below the consensus estimate of $0.18. The bottom line was negatively impacted by a $43 million charge related to the operational suspension of two rigs in Brazil. While quarterly revenue of $720 million beat the FactSet estimate of $695.8 million, the company swung to a GAAP net loss of $37 million, or a loss of $0.23 per share, compared to net income a year earlier.

Looking ahead, Noble lowered its full-year 2026 revenue guidance to a range of $2.8 billion to $2.9 billion, down from its prior outlook and below the FactSet estimate of $2.94 billion. The company also reduced its adjusted EBITDA forecast to $850 million to $925 million, citing near-term revenue headwinds from the Brazil rig suspensions and a re-sequencing of its backlog. Despite the disappointing quarter, management expressed optimism for the market outlook in 2027 and beyond for deepwater and harsh environment rigs.