Pacific Drilling (PACD) Tops Q1 EPS by 6c

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Go back to Pacific Drilling (PACD) Tops Q1 EPS by 6c

Pacific Drilling Announces First-Quarter 2016 Results

May 5, 2016 7:47 PM EDT

Conference call set 9 a.m. Central time Friday, May 6, 2016

EBITDA(a) for first-quarter of $112.9 million, representing an EBITDA margin(b) of 55.0 percent Record high revenue efficiency(c) of 97.7% yielded revenues of $205.4 million Operating and G&A costs of $94.1 million, a reduction of 20% from fourth-quarter 2015 and 30% from first-quarter 2015

LUXEMBOURG--(BUSINESS WIRE)-- Pacific Drilling S.A. (NYSE: PACD) today announced a net loss for first-quarter 2016 of $2.5 million or $0.01 per diluted share, compared to a net loss of $13.6 million or... More