Independence Contract Drilling (ICD) Tops Q2 EPS by 74c, Revenues Beat
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Independence Contract Drilling, Inc. Reports Financial Results For The Second Quarter Ended June 30, 2020
August 4, 2020 6:45 AM EDTHOUSTON, Aug. 4, 2020 /PRNewswire/ --Â INDEPENDENCE CONTRACT DRILLING, INC. (the "Company" or "ICD") (NYSE: ICD) today reported financial results for the three months ended June 30, 2020.
Second Quarter 2020 Highlights
Net loss of $10.1 million, or $2.52 per share. Adjusted net loss, as defined below, of $11.0 million, or $2.73 per share. Adjusted EBITDA, as defined below, of $4.0 million. Net debt, excluding finance leases and net of deferred financing costs, of $119.5 million. Marketed fleet utilization of 32%. Fully burdened margin of $7,000 per day.In the... More
