Independence Contract Drilling (ICD) Tops Q2 EPS by 2c

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Go back to Independence Contract Drilling (ICD) Tops Q2 EPS by 2c

Independence Contract Drilling, Inc. Announces Second Quarter Results

August 6, 2015 7:01 AM EDT

HOUSTON, Aug. 6, 2015 /PRNewswire/ -- INDEPENDENCE CONTRACT DRILLING, INC. (the "Company") (NYSE: ICD) today reported financial results for the three months ended June 30, 2015. 

Second Quarter 2015 Highlights

Net loss of $0.7 million, or $0.03 per share. Adjusted EBITDA of $6.1 million. 79% utilization of rigs. 939 revenue days. Margin per revenue day of $9,777. Substantial completion of construction of its 14th ShaleDriller rig.

The Company reported Adjusted EBITDA of $6.1 million, net loss of $0.7 million ($0.03 per share) from operating revenues of $21.1 million for the second quarter of 2015,... More