Noble Corp plc (NE) Q3 2025 10-Q Quarterly Report

Filed: Oct 28, 2025Period ending Sep 30, 2025
Energy
Drilling Oil & Gas WellsSEC EDGAR

Noble Corp plc (NE) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 28, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

Noble Corp plc Q3 2025 10-Q Analysis

Management Discussion & Analysis

  • No quarterly revenue or YoY change data disclosed
  • No profitability or margin percentage figures provided
  • No segment or product line performance details given
  • No changes in cash position, operating cash flow, or capital deployment mentioned
  • No near-term outlook, updated guidance, or emerging headwinds discussed

Risk Factors

  • New risk: Impairment loss $60.7M recorded in Q3 2025 on Noble Globetrotter II and Noble Reacher due to estimated fair value reductions
  • Updated market risk: Q3 2025 average rig utilization declined to 61% from 76% in Q3 2024 amid slowing offshore demand and OPEC production increase
  • Regulatory/legal risk: Exposure to global trade and sanctions risk affecting operations and costs, including tariffs and trade wars impact on rig demand
  • Operational risk: Increased operating costs in Q3 2025 (+11% for floaters) driven by fuel (+$7.3M), insurance (+$5.0M), mobilization (+$3.6M) despite some cost offsets
  • Financial risk: Interest expense increased to $40.5M in Q3 2025 from $25.0M in Q3 2024 due to higher debt related to Diamond Transaction and new 2030 and Second Lien Notes

Noble Corp plc Q3 2025 Quarterly Financials
XBRL

Revenue

$798M

-0.3% YoY -6.0% QoQ

Net Income

-$21M

-134.5% YoY -149.2% QoQ

Operating Margin

6.3%

-811bp YoY -962bp QoQ

Net Margin

-2.6%

-1029bp YoY -770bp QoQ

ROE

-0.5%

Total Assets

$7.6B

EPS (Diluted)

$-0.13

-134.2% YoY -150.0% QoQ

Operating Cash Flow

$277M

-2.3% YoY +28.1% QoQ

Source: XBRL data from Noble Corp plc Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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