Independence Contract Drilling (ICD) Tops Q2 EPS by 32c
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Independence Contract Drilling, Inc. Reports Financial Results For The Second Quarter Ended June 30, 2021 And Additional Rig Reactivations
August 4, 2021 6:45 AM EDTHOUSTON, Aug. 4, 2021 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today reported financial results for the three months ended June 30, 2021.
Second quarter 2021 Highlights
Net loss, as defined below, of $14.9 million, or $2.22 per share. Adjusted net loss, as defined below, of $14.6 million, or $2.18 per share. Adjusted EBITDA loss, as defined below, of $0.4 million, representing an 82% sequential improvement from the first quarter of 2021. Net debt, excluding finance leases and net of deferred financing costs, of $134.6 million. Marketed fleet utilization of 49%,... More