Independence Contract Drilling (ICD) Reports In-Line Q2 EPS
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Independence Contract Drilling, Inc. Reports Financial Results For The Second Quarter Ended June 30, 2017
July 27, 2017 6:30 AM EDTHOUSTON, July 27, 2017 /PRNewswire/ --Â Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today reported financial results for the three months ended June 30, 2017.Â
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
