Company: NE-WTA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001895262-25-000016
Chunk: 114

Company: Noble Corp plc
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 2
Chunk 114
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2)Three Months EndedSeptember 30,Three Months EndedSeptember 30,Three Months EndedSeptember 30,202520242025202420252024Floaters65 %72 %1,488 1,418 $423,489 $424,199 Jackups54 %83 %627 991 202,982 159,444 Total61 %76 %2,115 2,409 $358,126 $315,295 

(1)We define utilization for a specific period as the total number of days our rigs are operating under contract divided by the product of the total number of our rigs, including cold stacked rigs, and the number of calendar days in such period. Information reflects our policy of reporting on the basis of the number of available rigs in our fleet.

(2)An operating day is defined as a calendar day during which a rig operated under a drilling contract. We define average dayrates as revenue from contract drilling services earned per operating day. Average dayrates exclude the effect of non-cash amortization related to favorable and unfavorable off-market customer contract assets and liabilities.

26

Contract Drilling Services

The following table presents the operating results for our contract drilling services segment for the periods indicated (dollars in thousands):

Three Months Ended September 30,ChangeOperating revenues:20252024$%Contract drilling services$757,405 $763,543 $(6,138)(1)%Reimbursables and other (1)40,612 37,006 3,606 10 %798,017 800,549 (2,532)— %Operating costs and expenses:Contract drilling services$479,894 $434,192 $45,702 11 %Reimbursables (1)30,547 28,185 2,362 8 %Depreciation and amortization147,260 109,879 37,381 34 %General and administrative33,301 43,596 (10,295)(24)%Merger and integration costs2,145 69,214 (67,069)(97)%(Gain) loss on sale of operating assets, net(6,232)— (6,232)— %Loss on impairment60,702 — 60,702 — %747,617 685,066 62,551 9 %Operating income (loss)$50,400 $