Independence Contract Drilling (ICD) Misses Q3 EPS by 1c
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Independence Contract Drilling, Inc. Reports Financial Results For The Third Quarter Ended September 30, 2021
November 2, 2021 6:45 AM EDTHOUSTON, Nov. 2, 2021 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today reported financial results for the three months ended September 30, 2021.
Third quarter 2021 Highlights
Net loss, as defined below, of $4.3 million, or $0.59 per share. Adjusted net loss, as defined below, of $13.7 million, or $1.87 per share. Adjusted EBITDA, as defined below, of $0.7 million, representing an approximate 300% sequential improvement from the second quarter of 2021. Net debt, excluding finance leases and net of deferred financing costs, of $130.9 million. Marketed fleet utilization of 58%,... More