Independence Contract Drilling (ICD) Tops Q4 EPS by 3c
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Independence Contract Drilling, Inc. Reports Financial Results For The Fourth Quarter And Year Ended December 31, 2015
February 18, 2016 6:00 AM ESTHOUSTON, Feb. 18, 2016 /PRNewswire/ --Â INDEPENDENCE CONTRACT DRILLING, INC. (the "Company") (NYSE: ICD) today reported financial results for the three months and twelve months ended December 31, 2015.Â
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. Â 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