Ocean Rig UDW (ORIG) Tops Q1 EPS by 23c

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Go back to Ocean Rig UDW (ORIG) Tops Q1 EPS by 23c

Ocean Rig UDW Inc. Reports Financial and Operating Results for the First Quarter 2015

May 11, 2015 4:02 PM EDT

NICOSIA, CYPRUS -- (Marketwired) -- 05/11/15 -- Ocean Rig UDW Inc. (NASDAQ: ORIG), or Ocean Rig or the Company, an international contractor of offshore deepwater drilling services today announced its unaudited financial and operating results for the first quarter ended March 31, 2015.

First Quarter 2015 Financial Highlights

For the first quarter of 2015, the Company reported a net income of $41.1 million, or $0.31 basic and diluted earnings per share. The Company reported Adjusted EBITDA(1) of $219.0 million for the first quarter of 2015, as compared to $172.2 million for the first quarter of 2014.... More