Income (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Income (Loss) Per Share

The following table presents the computation of basic and diluted income (loss) per share for Noble:

	Three Months Ended March 31,
	2023		2022
Numerator:
Basic
Net income (loss)	$	108,063	$	(36,656)
Diluted
Net income (loss)	$	108,063	$	(36,656)
Denominator:
Weighted average shares outstanding – basic	134,751		67,643
Dilutive effect of share-based awards	3,271		—
Dilutive effect of warrants	7,971		—
Weighted average shares outstanding – diluted	145,993		67,643
Per share data
Basic:
Net income (loss)	$	0.80	$	(0.54)
Diluted:
Net income (loss)	$	0.74	$	(0.54)

Schedule of Antidilutive Securities Excluded from Computation of Income (Loss) Per Share

The following table displays the share-based instruments that have been excluded from diluted income (loss) per share since the effect would have been anti-dilutive:

	Three Months Ended March 31,
	2023	2022
Share-based awards	—	3,376
Warrants (1)	2,774	17,366

(1)Represents the total number of warrants outstanding which did not have a dilutive effect. In periods where the warrants are determined to be dilutive, the number of shares which will be included in the computation of diluted

shares is determined using the treasury stock method, adjusted for mandatory exercise provisions under the warrant agreements if applicable.