Independence Contract Drilling (ICD) Tops Q2 EPS by 1c, Revenues Beat
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Independence Contract Drilling, Inc. Reports Financial Results For The Second Quarter Ended June 30, 2018
August 2, 2018 6:30 AM EDTHOUSTON, Aug. 2, 2018 /PRNewswire/ --Â Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today reported financial results for the three months ended June 30, 2018.Â
Second Quarter 2018 Highlights
Record quarterly revenues of $25.8 million. Net loss of $3.3 million, or $0.09 per share. Adjusted net loss, as defined below, of $3.2 million, or $0.08 per share. Adjusted EBITDA, as defined below, of $5.0 million. Fleet utilization of 99.3%. Record revenue days of 1,265. Fully-burdened margin per day of $6,377 per day. Net debt, excluding capitalized leases, of $56.2 million,... More