Independence Contract Drilling (ICD) Reports In-Line Q2 EPS

Independence Contract Drilling (NYSE: ICD) reported Q2 EPS of ($0.13), in-line with the analyst estimate of ($0.13). Revenue for the quarter came in at $21.3 million versus the consensus estimate of $21.21 million.

• Net loss of $6.3 million, or $0.17 per share.
• Adjusted net loss, as defined below, of $5.0 million, or $0.13 per share.
• Adjusted EBITDA, as defined below, of $3.2 million.
• Fleet utilization of 93.9%.
• Revenue days of 1,111.
• Margin per day, excluding reactivation and construction costs, of $5,275 per day.

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

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