Independence Contract Drilling (ICD) Tops Q4 EPS by 3c

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Go back to Independence Contract Drilling (ICD) Tops Q4 EPS by 3c

Independence Contract Drilling, Inc. Reports Financial Results For The Fourth Quarter And Year Ended December 31, 2015

February 18, 2016 6:00 AM EST

HOUSTON, Feb. 18, 2016 /PRNewswire/ -- INDEPENDENCE CONTRACT DRILLING, INC. (the "Company") (NYSE: ICD) today reported financial results for the three months and twelve months ended December 31, 2015. 

Fourth Quarter 2015 Highlights

Net loss of $5.2 million, or $0.22 per share, including non-cash charges summarized below. Adjusted net loss of $0.9 million, or $0.04 per share, excluding non-cash charges, net of tax, summarized below.   Adjusted EBITDA of $7.2 million. 87.1% utilization of marketed rigs. 962 revenue days. Margin per operating day of $10,419. Successful extension of contracts... More