Company: NE-WTA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001895262-25-000016
Chunk: 43

Company: Noble Corp plc
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 1
Chunk 43
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):

Nine Months Ended September 30,ChangeOperating revenues:20252024$%Contract drilling services$2,401,910 $2,036,678 $365,232 18 %Reimbursables and other (1)119,246 93,799 25,447 27 %$2,521,156 $2,130,477 $390,679 18 %Operating costs and expenses:Contract drilling services$1,444,420 $1,159,913 $284,507 25 %Reimbursables (1)90,691 69,196 21,495 31 %Depreciation and amortization437,482 287,347 150,135 52 %General and administrative103,485 109,226 (5,741)(5)%Merger and integration costs22,367 89,163 (66,796)(75)%(Gain) loss on sale of operating assets, net(10,983)(17,357)6,374 (37)%Loss on impairment60,702 — 60,702 — %2,148,164 1,697,488 450,676 27 %Operating income (loss)$372,992 $432,989 $(59,997)(14)%

(1)We record reimbursements from customers for out-of-pocket expenses as operating revenues and the related direct costs as operating expenses. Changes in the amount of these reimbursables generally do not have a material effect on our financial position, results of operations, or cash flows.

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The following table provides information about contract drilling revenue and costs by rig types (dollars in millions except average dayrates):

Nine Months Ended September 30,20252024FloatersJackupsFloatersJackupsContract 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