Ocean Rig UDW (ORIG) Tops Q2 EPS by 27c

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

August 6, 2015 4:02 PM EDT

NICOSIA, CYPRUS -- (Marketwired) -- 08/06/15 -- 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 second quarter ended June 30, 2015.

Second Quarter 2015 Financial Highlights

For the second quarter of 2015, the Company reported a net income of $74.9 million, or $0.54 basic and diluted earnings per share. The Company reported Adjusted EBITDA(1) of $262.2 million for the second quarter of 2015, as compared to $231.8 million for the second quarter of... More