other material
confidence medium
sentiment negative
materiality 0.65
Noble files Maersk Drilling H1 2022 financials: $532M revenue, $172M net loss; pro forma combined info
Noble Corp plc
- Maersk Drilling H1 2022 revenue $532M (down from $614M YoY); net loss $172M vs profit $29M.
- Impairment losses of $118M, primarily $99M from cold stacking Maersk Explorer.
- EBITDA before special items $87M; revenue backlog $2.0B at June 30, 2022.
- Noble's pro forma combined financials reflect business combination; includes rig disposal to Shelf Drilling.
- Maersk Drilling repaid $226M in borrowings in March 2022; sold Maersk Convincer for $42.5M.