NE — what changed in the latest 10-Q
A section-by-section comparison of NE's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-07-28 vs the prior 10-Q · 2026-04-27
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +52 | −29 | ~22 | 22 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-07-28
materially from those indicated by the forward-looking statements. You should consider these risks and uncertainties when you are evaluating us. Future quarterly dividends and other shareholder returns will be subject to, amongst other things, approval by the Board of Directors and may be modified a…
The amount of actual revenues earned and the actual periods during which revenues are earned may be materially different than the backlog amounts and backlog periods presented in the table above due to various factors, including, but not limited to, shipyard and maintenance projects, unplanned downt…
Net loss for the three months ended June 30, 2026 (the “current quarter”), was $36.7 million, or $(0.23) per diluted share, on operating revenues of $719.7 million compared to net income for the three months ended June 30, 2025, of $42.9 million, or $0.27 per diluted share, on operating revenues of …
(3)For 2026, the figures include rigs sold to Borr Drilling Limited, which are/were operating under a bareboat charter agreement.
Floaters. During the second quarter of 2026, floaters generated revenue of $550.9 million, as compared to $684.3 million in the second quarter of 2025. The decrease in revenue was mainly attributable to $116.6 million from rigs with net changes in operating days, which included approximately $43.0 m…
Text removed vs the prior filing · source: 10-Q · 2026-04-27
returns will be subject to, amongst other things, approval by the Board of Directors and may be modified as market conditions dictate.
The amount of actual revenues earned and the actual periods during which revenues are earned may be materially different than the backlog amounts and backlog periods presented in the table above due to various factors, including, but not limited to, shipyard and maintenance projects, unplanned downt…
As of March 31, 2026, ExxonMobil, Shell, BP, TotalEnergies, and Aker BP represented approximately 21.1%, 19.1%, 14.4%, 12.5%, and 11.1% of our backlog, respectively.
Net income for the three months ended March 31, 2026 (the “current quarter”), was $120.7 million, or $0.75 per diluted share, on operating revenues of $785.7 million compared to net income for the three months ended March 31, 2025, of $108.3 million, or $0.67 per diluted share, on operating revenues…
Floaters. During the first quarter of 2026, floaters generated revenue of $620.6 million, as compared to $693.4 million in the first quarter of 2025. The decrease in revenue was mainly attributable to $93.9 million from rigs with net changes in operating days. This decrease was partly offset by $28.…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice