Exhibit 99.1 Independence Contract Drilling, Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2023 HOUSTON, TEXAS, February 28, 2024 / PRNewswire/ – Independence Contract Drilling, Inc. (the “Company” or “ICD”) (NYSE: ICD) today reported financial results for the three and twelve months ended December 31, 2023. Fourth quarter 2023 Highlights · Net loss of $26.0 million, or$1.84 per share · Adjusted net loss, as defined below, of $8.6 million, or$0.61 per share · Adjusted E ...