Company: NE-WTA
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038188
Chunk: 27

Company: Noble Corp plc
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 27
---
$40,960 $73,643 Dividends declared but not paid at period end— 71,452 

Note 12 — Information about Noble Finance II8.000% Senior Notes due 2030Noble Finance II, a wholly-owned, indirect subsidiary of Noble, is the issuer of the 2030 Notes and, one or more 100% wholly-owned, direct and indirect subsidiaries of Noble Finance II are the unconditional guarantors, or are otherwise obligated as of June 30, 2025, with respect to the 2030 Notes. See “Note 6 — Debt” for additional information.The Noble Indenture contains a covenant that requires Noble Finance II to furnish to holders of the 2030 Notes certain financial information relating to Noble Finance II and its restricted subsidiaries. The obligation to furnish such information may be satisfied by providing financial information of Noble along with a description of the differences between such information and the financial information of Noble Finance II and its restricted subsidiaries on a standalone basis.The summarized financial information below reflects the consolidated accounts of Noble Finance II:June 30, 2025Balance SheetCash and cash equivalents$176,431 Total current assets1,853,882 Total current liabilities671,334 Total debt1,401,098 Total shareholders' equity4,658,572 Six Months Ended June 30, 2025Statement of OperationsOperating revenues$1,211,076 Operating costs and expenses1,021,240 Depreciation and amortization213,663 Statement of Cash FlowsNet cash provided by (used in) operating activities$393,034 Capital expenditures(177,161)Proceeds from disposal of assets, net16,190 

Note 13 — Subsequent EventsIn August 2025, the Company announced that it intends to dispose of the Noble Globetrotter II and Noble Reacher. As a result, the Company concluded that it expects its third quarter 2025 results to include an estimated non-cash charge ranging between $60.0 million and $85.0 million associated with the planned disposal of these rigs and related assets.

18

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following discussion is intended to assist you in understanding our financial position at June 30, 2025, and our results of operations for the three and six months ended June 30, 2025 and 2024. The following discussion should be read in