Independence Contract Drilling (ICD) Reports In-Line Q2 EPS

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 11/3/2026

1. AAPL
2. PLTR
3. DOX
4. VRTX
5. CHKP
6. CRWD
7. ON
8. INSP
9. CVI
10. HNGE

Go back to Independence Contract Drilling (ICD) Reports In-Line Q2 EPS

Independence Contract Drilling, Inc. Reports Financial Results For The Second Quarter Ended June 30, 2017

July 27, 2017 6:30 AM EDT

HOUSTON, July 27, 2017 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today reported financial results for the three months ended June 30, 2017. 

Second Quarter 2017 Highlights

Net loss of $6.3 million, or $0.17 per share. Adjusted net loss, as defined below, of $5.0 million, or $0.13 per share. Adjusted EBITDA, as defined below, of $3.2 million. Fleet utilization of 93.9%. Revenue days of 1,111. Margin per day, excluding reactivation and construction costs, of $5,275 per day.

In the second quarter of 2017, the Company reported revenues of... More