North Atlantic Drilling Ltd. (NADL) Reports Q2 EPS of $0.17

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NADL - North Atlantic Drilling Ltd. reports second quarter 2015 results

August 27, 2015 6:05 AM EDT

STAVANGER, Norway, Aug. 27, 2015 (GLOBE NEWSWIRE) -- Highlights from the second quarter

North Atlantic Drilling generated second quarter 2015 EBITDA* of $119.3 million North Atlantic Drilling reports second quarter 2015 net income of $44.2 million and earnings per share of $0.17

Subsequent events

North Atlantic Drilling secured a contract extension for the semi-submersible rig West Phoenix with Total E&P UK Limited, commencing mid-March 2016 and securing work for the unit through the end of August 2016. The total revenue potential for the contract extension is approximately $62 million.

*  EBITDA is defined... More