Independence Contract Drilling (ICD) Misses Q2 EPS by 40c
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Independence Contract Drilling, Inc. Reports Unaudited Financial Results for the Second Quarter Ended June 30, 2022 and Announces Initiation of 200 Series-to-300 Series Conversion Program and Increase
August 4, 2022 6:45 AM EDTHOUSTON, Aug. 4, 2022 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today reported financial results for the three months ended June 30, 2022.
Second quarter 2022 Highlights
Net loss, as defined below, of $2.8 million, or $0.21 per share.Adjusted net loss, as defined below, of $9.8 million, or $0.72 per share.Adjusted EBITDA, as defined below, of $9.2 million, representing an approximate 158% sequential improvement from the first quarter of 2022.Adjusted net debt, as defined below, of $158.0... More