Independence Contract Drilling (ICD) Tops Q4 EPS by 3c

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Go back to Independence Contract Drilling (ICD) Tops Q4 EPS by 3c

Independence Contract Drilling, Inc. Reports Financial Results For The Fourth Quarter And Year Ended December 31, 2018

March 1, 2019 6:30 AM EST

HOUSTON, March 1, 2019 /PRNewswire/ -- 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