Company: NE-WTA
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001628280-25-020547
Chunk: 9

Company: Noble Corp plc
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 9
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 CORPORATION plc AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share amounts)

(Unaudited)

Three Months Ended March 31,20252024Operating revenuesContract drilling services$832,428 $612,425 Reimbursables and other42,059 24,659 874,487 637,084 Operating costs and expensesContract drilling services462,099 389,867 Reimbursables31,784 17,680 Depreciation and amortization143,137 86,698 General and administrative35,208 25,961 Merger and integration costs14,920 9,331 687,148 529,537 Operating income (loss)187,339 107,547 Other income (expense)Interest expense, net of amounts capitalized(40,467)(17,544)Interest income and other, net1,837 (4,735)Income (loss) before income taxes148,709 85,268 Income tax benefit (provision)(40,406)10,213 Net income (loss)$108,303 $95,481 Per share dataBasic:Net income (loss)$0.68 $0.67 Diluted:Net income (loss)$0.67 $0.66 

See accompanying notes to the unaudited condensed consolidated financial statements.

4

NOBLE CORPORATION plc AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(In thousands)

(Unaudited)

Three Months Ended March 31,20252024Net income (loss)$108,303 $95,481 Other comprehensive income (loss)Net changes in pension and other postretirement plan assets and benefit obligations recognized in other comprehensive income (loss), net of tax provision (benefit) of zero and zero for the three months ended March 31, 2025 and 2024, respectively.201 (29)Other comprehensive income (loss), net201 (29)Comprehensive income (loss)$108,504 $95,452 

See accompanying notes to the unaudited condensed consolidated financial statements.

5

NOBLE CORPORATION plc AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited)

Three Months Ended March 31,20252024Cash flows