Company: NE-WTA
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038188
Chunk: 83

Company: Noble Corp plc
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 83
---
 operating results for our contract drilling services segment for the periods indicated (dollars in thousands):

Three Months Ended June 30,ChangeOperating revenues:20252024$%Contract drilling services$812,077 $660,710 $151,367 23 %Reimbursables and other (1)36,575 32,134 4,441 14 %848,652 692,844 155,808 22 %Operating costs and expenses:Contract drilling services$502,427 $335,854 $166,573 50 %Reimbursables (1)28,360 23,331 5,029 22 %Depreciation and amortization147,085 90,770 56,315 62 %General and administrative34,976 39,669 (4,693)(12)%Merger and integration costs5,302 10,618 (5,316)(50)%(Gain) loss on sale of operating assets, net(4,751)(17,357)12,606 (73)%713,399 482,885 230,514 48 %Operating income (loss)$135,253 $209,959 $(74,706)(36)%

(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.

25

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

Three Months Ended June 30,20252024FloatersJackupsFloatersJackupsContract drilling services revenues$684.3 $127.8 $517.7 $143.0 Contract drilling services costs$396.8 $105.6 $248.7 $87.2 Average rig utilization70 %61 %70 %77 %Operating days1,705 724 1,138 914 Average dayrates$400,802 $176,503 $435,677 $155,585 Total rigs— Beginning27 13 19 13 — Acquired— — — — — Disposed(1)— (1)— — Ending26 13 18 13 

Contract Drilling