Pacific Drilling (PACD) Misses Q1 EPS by 4c, Revenues Beat

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Pacific Drilling Announces First-Quarter 2019 Results

May 13, 2019 4:30 PM EDT

Pacific Khamsin contracted by Equinor for work in the Gulf of Mexico Delivered revenue efficiency of 98.1% for the first quarter

LUXEMBOURG--(BUSINESS WIRE)-- Pacific Drilling S.A. (NYSE: PACD) (Pacific Drilling or the Company) today reported results for the first quarter of 2019. Net loss for the first-quarter 2019 was $84.0 million or $1.12 per diluted share. EBITDA(a) for the first-quarter 2019 was $1.9 million.

Our strong operational performance, reflected by 98.1% revenue efficiency for the quarter, and focus on spend management, delivered improved results and... More