Independence Contract Drilling (ICD) Tops Q4 EPS by 3c
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Independence Contract Drilling, Inc. Reports Financial Results For The Fourth Quarter And Year Ended December 31, 2018
March 1, 2019 6:30 AM ESTHOUSTON, March 1, 2019 /PRNewswire/ --Â Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today reported financial results for the three and twelve months ended December 31, 2018.
Fourth Quarter 2018 Highlights
Net loss of $8.6 million, or $0.11 per share. Adjusted net income, as defined below, of $1.0 million, or $0.01 per share. Adjusted EBITDA, as defined below, of $16.0 million. Net debt, excluding capitalized leases, of $117.1 million. Fleet utilization of 95.7%. Fully-burdened margin of $7,501 per day. Completion of the Sidewinder merger on October 1, 2018.In the... More
