Ocean Rig UDW (ORIG) Tops Q2 Views, Says Market 'Remain Extremely Negative'; to Review Capital Structure and Alternatives
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Ocean Rig UDW Inc. Reports Financial and Operating Results for the Second Quarter 2016
August 11, 2016 4:06 PM EDTNICOSIA, CYPRUS -- (Marketwired) -- 08/11/16 -- Ocean Rig UDW Inc. (NASDAQ: ORIG), or Ocean Rig or the Company, an international contractor of offshore deepwater drilling services, today announced its unaudited financial and operating results for the quarter ended June 30, 2016.
Second Quarter 2016 Financial Highlights
For the second quarter of 2016, the Company reported a net income of $156.1 million, or $1.83 basic and diluted earnings per share. The Company reported Adjusted EBITDA(1) of $326.5 million for the second quarter of 2016.Recent Highlights
On August 11,... More