Independence Contract Drilling (ICD) Tops Q2 EPS by 1c, Revenues Beat

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Go back to Independence Contract Drilling (ICD) Tops Q2 EPS by 1c, Revenues Beat

Independence Contract Drilling, Inc. Reports Financial Results For The Second Quarter Ended June 30, 2018

August 2, 2018 6:30 AM EDT

HOUSTON, Aug. 2, 2018 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today reported financial results for the three months ended June 30, 2018. 

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