Pacific Drilling (PACD) Tops Q4 EPS by 43c
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Pacific Drilling Announces Fourth-Quarter and Full-Year 2016 Results
February 23, 2017 4:45 PM ESTConference call set 9 a.m. Central time Friday, February 24
Record revenue efficiency(a) of 99.2% for the fourth quarter yielded revenue of $178.0 million Revenue efficiency of 98.2% for the full year 2016 yielded revenue of $769.5 million, as compared to 94.7% and $1,085.1 million, respectively, for the full year 2015 Net loss for the fourth quarter of $43.0 million, or $2.03 per diluted share, and net loss for the full year of $37.2 million, or $1.76 per diluted share EBITDA(b) for the fourth quarter of $92.9 million, representing an EBITDA margin(c)... More