Independence Contract Drilling (ICD) Misses Q1 EPS by 77c

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Go back to Independence Contract Drilling (ICD) Misses Q1 EPS by 77c

Independence Contract Drilling, Inc. Reports Unaudited Financial Results For The First Quarter Ended March 31, 2022

May 5, 2022 6:45 AM EDT

HOUSTON, May 5, 2022 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today reported financial results for the three months ended March 31, 2022.

First quarter 2022 Highlights

Net loss, as defined below, of $12.2 million, or $1.08 per share.Adjusted net loss, as defined below, of $11.2 million, or $0.99 per share.Adjusted EBITDA, as defined below, of $3.6 million, representing an approximate 146% sequential improvement from the fourth quarter of 2021.Net debt, excluding finance leases and... More