Why These Energy Stocks are Gaining This Week

6. Noble Corporation plc (NYSE:NE)

Share Price Gains Between Apr. 23 – Apr. 30: 8.92%

Noble Corporation plc (NYSE:NE) operates as an offshore drilling contractor for the oil and gas industry worldwide.

Noble Corporation plc (NYSE:NE) reported strong results for its Q1 2025 this week. The company posted a revenue of $874.5 million, up by a significant 37.26% YoY and topping expectations by over $15 million. NE also announced a substantial increase in its contract backlog, reaching $7.5 billion, alongside new contract awards totaling 15 rig years, representing $2.2 to $2.7 billion of revenue potential. The company reported a Q1 net income of $108 million and maintained its quarterly cash dividend at $0.5 per share.