Independence Contract Drilling (ICD) Tops Q1 EPS by 7c
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Independence Contract Drilling, Inc. Reports Financial Results For The First Quarter Ended March 31, 2016
April 28, 2016 7:45 AM EDTHOUSTON, April 28, 2016 /PRNewswire/ --Â Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today reported financial results for the three months ended March 31, 2016.Â
First Quarter 2016 Highlights
Net loss of $0.4 million, or $0.02 per share. Adjusted EBITDA of $7.4 million. 86% utilization of marketed rigs. 943 revenue days. Margin per operating day of $10,982. Extension of contracts for two rigs operating in the spot-market through the later part of the second quarter of 2016. Extension of a term contract expiring in December 2016 through the first quarter of... More