Independence Contract Drilling (ICD) Tops Q3 EPS by 45c
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Independence Contract Drilling, Inc. Reports Financial Results For The Third Quarter Ended September 30, 2020 And Announces Additional Rig Reactivations
November 3, 2020 6:45 AM ESTHOUSTON, Nov. 3, 2020 /PRNewswire/ --Â Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today reported financial results for the three months ended September 30, 2020.
Third quarter 2020 Highlights
Net loss of $15.2 million, or $2.67 per share. Adjusted net loss, as defined below, of $15.5 million, or $2.73 per share. Adjusted EBITDA loss, as defined below, of $0.5 million. Net debt, excluding finance leases and net of deferred financing costs, of $118.3 million. Marketed fleet utilization of 17%. Fully burdened margin of $3,923 per... More