Noble announced a guidance range for total revenue of $2.35B to $2.55B, Adjusted EBITDA in the range of $725M to $825M and capital expenditures between $325M and $365M. Commenting on Noble’s outlook, Eifler stated, "We continue to see a very promising fundamental setup for the offshore drilling business, governed by increasingly tight industry utilization, robust customer economics and demand growth visibility and, not least, rational capital allocation in our industry. As the market improves, we remain focused on execution across all facets of our business, and are committed to returning capital to shareholders."
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