Company: NE-WTA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001895262-25-000016
Chunk: 87

Company: Noble Corp plc
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 8
Chunk 87
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 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 $115,483 $(65,083)(56)%

(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.

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

Three Months Ended September 30,20252024FloatersJackupsFloatersJackupsContract drilling services revenues$630.2 $127.3 $605.3 $158.2 Contract drilling services costs$381.6 $98.3 $332.6 $101.6 Average rig utilization65 %54 %72 %83 %Operating days1,488 627 1,418 991 Average dayrates$423,489 $202,982 $424,199 $159,444 Total rigs— Beginning26 13 18 13 — Acquired— — 11 — — Disposed(1)(1)(1)— — Ending25 12 28 13 

Contract