Noble Energy’s revenue and net profit margin in focus
Noble Energy’s (NBL) 3Q16 revenue has risen ~11.0% YoY (year-over-year). However, the company has seen its net profit margin fall. Net profit margin in 3Q16 was -14.0%.
In comparison, Noble Energy’s upstream peer Cabot Oil & Gas (COG) saw YoY revenue growth of -11.0% in 3Q16 and a net profit margin of -3.5%.
As you can see in the above graph, NBL’s 3Q16 YoY revenue growth was positive in 3Q16. Its YoY revenue growth in 2Q16 was positive for the first time since 3Q14.