Independence Contract Drilling (ICD) Tops Q3 EPS by 4c

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Go back to Independence Contract Drilling (ICD) Tops Q3 EPS by 4c

Independence Contract Drilling, Inc. Announces Third Quarter Results

October 29, 2015 7:01 AM EDT

HOUSTON, Oct. 29, 2015 /PRNewswire/ -- INDEPENDENCE CONTRACT DRILLING, INC. (the "Company") (NYSE: ICD) today reported financial results for the three months ended September 30, 2015. 

Third Quarter 2015 Highlights

Net loss of $3.4 million, or $0.14 per share, including $2.2 million of non-cash disposal costs associated with the previously announced conversion of a non-walking rig to 200 series, pad-optimal status. Adjusted net loss of $1.2 million, or $0.05 per share, excluding non-cash disposal costs, net of tax.   Adjusted EBITDA of $5.8 million. 82% utilization of marketed rigs. 880 revenue days. Margin per... More