Independence Contract Drilling (ICD) Tops Q4 EPS by 1c
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Independence Contract Drilling, Inc. Reports Financial Results For The Fourth Quarter And Year Ended December 31, 2016
February 28, 2017 6:30 AM ESTHOUSTON, Feb. 28, 2017 /PRNewswire/ --Â INDEPENDENCE CONTRACT DRILLING, INC. (the "Company") (NYSE: ICD) today reported financial results for the three and twelve months ended December 31, 2016.Â
Fourth Quarter 2016 Highlights
Net loss of $10.4 million, or $0.28 per share. Adjusted net loss of $5.2 million, or $0.14 per share. Adjusted EBITDA of $2.6 million. 78.2% utilization of marketed rigs. 936 revenue days. Margin per operating day, excluding reactivation costs, of $7,543.For the fourth quarter of 2016, the Company reported revenues of $18.0 million, a net loss of $10.4 million, or... More
