Independence Contract Drilling (ICD) Tops Q4 EPS by 1c

Independence Contract Drilling (NYSE: ICD) reported Q4 EPS of ($0.14), $0.01 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $18 million versus the consensus estimate of $17.53 million.

Fourth Quarter 2016 Highlights

• Net loss of $10.4 million, or $0.28 per share.
• Adjusted net loss of $5.2 million, or $0.14 per share.
• Adjusted EBITDA of $2.6 million.
• 78.2% utilization of marketed rigs.
• 936 revenue days.
• Margin per operating day, excluding reactivation costs, of $7,543.

For earnings history and earnings-related data on Independence Contract Drilling (ICD) click here.

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