Company: NE-WTA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001895262-25-000016
Chunk: 119

Company: Noble Corp plc
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 2
Chunk 119
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%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.

29

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 — — 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