Ocean Rig UDW (ORIG) Says It's Considering Various Strategic Alternatives with Financial and Legal Advisors

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Ocean Rig UDW Inc. Reports Financial And Operating Results for the Third Quarter 2016

December 14, 2016 4:05 PM EST

GRAND CAYMAN, CAYMAN ISLANDS -- (Marketwired) -- 12/14/16 -- 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 September 30, 2016.

Third Quarter 2016 Financial Highlights

For the third quarter of 2016, the Company reported a net income of $38.9 million, or $0.47 basic and diluted earnings per share. The Company reported Adjusted EBITDA(1) of $219.6 million for the third quarter of 2016.

Recent Highlights

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