Noble Corporation plc A NE

Competitive advantage analysis · energy

Corporate Default
Overall moat score
50/100
Moderate

Ranked against 101 peers in Energy: Upstream (E&P/Drilling)

About Noble Corporation plc A

Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It provides contract drilling services through its fleet of mobile offshore drilling units. The company also operates drilling rigs, such as floaters and jackups. It serves its fleets in Africa, the Far East Asia, the North Sea, the Oceania, South America, and the United … Full NE analysis →

Key strengths

  • Revenue Growth Consistent Revenue growth volatility is low (stability score 0.75), suggesting sticky customer base.
  • Strong Liquidity Buffer Liquidity position is strong (score 0.78), providing operational cushion.

Key risks

  • Scale Without Profitability Despite scale, profitability lags peers (score 0.29), suggesting limited competitive advantage.
  • Inconsistent Cash Generation Cash generation is inconsistent (score 0.44), indicating operational challenges.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
43
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Where NE ranks in Energy: Upstream (E&P/Drilling)

Noble Corporation plc A ranks #44 of 102 scored companies in Energy: Upstream (E&P/Drilling) by moat score — the top 43%. The widest moat in the group is Texas Pacific Land Corporation (TPL) at 84/100.

# Company Moat score Rating
40 Kolibri Global Energy Inc. KGEI 54/100 Moderate
41 Antero Resources Corporation AR 52/100 Moderate
42 Mach Natural Resources LP MNR 52/100 Moderate
43 Precision Drilling Corporation PDS 51/100 Moderate
44 Noble Corporation plc A NE 50/100 Moderate
45 Baytex Energy Corp BTE 50/100 Developing
46 Murphy Oil Corporation MUR 49/100 Developing
47 San Juan Basin Royalty Trust SJT 49/100 Developing
48 Prairie Operating Co. PROP 49/100 Developing

See every Commodities & Mining company ranked by moat score →

How NE scores on the Corporate Default defenses

Pricing Power

Score 43 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 63 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 56 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 39 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 53 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 53 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding NE's moat

What is Noble Corporation plc A's moat score?

Noble Corporation plc A (NE) scores 50 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #44 of 102 scored companies in Energy: Upstream (E&P/Drilling), the top 43%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 101 companies in Energy: Upstream (E&P/Drilling). Its strongest defense is Cost Advantage (63/100) and its weakest is Capital Efficiency (39/100).

How does Noble Corporation plc A compare with other Energy: Upstream (E&P/Drilling) companies?

Noble Corporation plc A ranks #44 of 102 scored companies in Energy: Upstream (E&P/Drilling) by moat score. The widest moat in Energy: Upstream (E&P/Drilling) is Texas Pacific Land Corporation (TPL) at 84/100. The companies ranked closest are Precision Drilling Corporation (PDS) at 51 just above it and Baytex Energy Corp (BTE) at 50 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 101 companies in Energy: Upstream (E&P/Drilling). The defenses are then weighted to produce the overall score out of 100.

Why is Noble Corporation plc A scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Noble Corporation plc A?

The Corporate Default template measures 6 defenses, and NE scores: Pricing Power (43), Cost Advantage (63), Customer Stickiness (56), Capital Efficiency (39), Resilience (53), Scale & Market Position (53). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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