Independence Contract Drilling (ICD) Misses Q4 EPS by 5c

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Go back to Independence Contract Drilling (ICD) Misses Q4 EPS by 5c

Independence Contract Drilling, Inc. Reports Unaudited Financial Results For The Fourth Quarter and Year Ended December 31, 2021

March 7, 2022 6:45 AM EST

HOUSTON, March 7, 2022 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today reported financial results for the three and twelve months ended December 31, 2021.

Fourth quarter 2021 Highlights

Net loss, as defined below, of $31.5 million, or $3.23 per share. Adjusted net loss, as defined below, of $13.2 million, or $1.35 per share. Adjusted EBITDA, as defined below, of $1.5 million, representing an approximate 119% sequential improvement from the third quarter of 2021. Net debt, excluding finance leases and net of deferred financing costs, of $136.3 million.... More