Company: NE-WTA
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038188
Chunk: 108

Company: Noble Corp plc
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 108
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 30,Three Months EndedJune 30,Three Months EndedJune 30,202520242025202420252024Floaters70 %70 %1,705 1,138 $400,802 $435,677 Jackups61 %77 %724 914 176,503 155,585 Total67 %73 %2,429 2,052 $333,960 $310,962 

(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.

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 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