Independence Contract Drilling, Inc. Reports Financial Results for the First Quarter Ended March 31, 2024
Independence Contract DrillingIndependence Contract Drilling(US:ICD) Prnewswire·2024-05-01 10:45

HOUSTON, May 1, 2024 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today reported financial results for the three months ended March 31, 2024. First quarter 2024 Highlights Net loss of $9.0 million, or $0.62 per share Adjusted net loss, as defined below, of $7.3 million, or $0.50 per share Adjusted EBITDA, as defined below, of $11.8 million Adjusted net debt, as defined below, of $190.3 million 15.1 average rigs working during the quarter Fully burdened margin pe ...