Company: NE-WTA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001895262-25-000016
Chunk: 92

Company: Noble Corp plc
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 8
Chunk 92
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52024FloatersJackupsFloatersJackupsContract drilling services revenues$2,007.9 $394.0 $1,617.6 $419.1 Contract drilling services costs$1,165.0 $279.4 $870.9 $289.0 Average rig utilization70 %63 %69 %76 %Operating days4,993 2,222 3,658 2,700 Average dayrates$400,483 $177,321 $430,615 $153,648 Total rigs— Beginning27 13 19 13 — Acquired— — 11 — — Disposed(2)(1)(2)— — Ending25 12 28 13 

Contract Drilling Services Revenues

Floaters. During the nine months ended September 30, 2025, floaters generated revenue of $2.0 billion, as compared to $1.6 billion in the nine months ended September 30, 2024. The increase in revenue was mainly attributable to $668.3 million provided by the additional floaters acquired in connection with the Diamond Transaction. These increases were partly offset by $226.1 million from rigs with net changes in operating days in the current period as well as $17.9 million from a decrease in average dayrates in the current period. Additionally, floater revenue from net non-cash amortization related to off-market customer contract assets and liabilities decreased $34.0 million in the current period.

Jackups. During the nine months ended September 30, 2025, jackups generated revenue of $394.0 million, as compared to $419.1 million in the nine months ended September 30, 2024. The decrease in revenue was mainly attributable to a decrease of $63.8 million from rigs with net changes in operating days during the current period. This decrease was partly offset by $55.6 million from an increase in average dayrates in the current period. Additionally, jackup revenue from net non-cash amortization related to off-market customer contract assets and liabilities decreased $4.3 million in the current period.

Operating Costs and Expenses

Floaters. During the nine months ended September 30, 2025, total contract drilling services costs related to floaters was $1.2 billion, as compared to $870.9 million in the nine months ended September 30, 2024.