Exhibit 99.1 Independence Contract Drilling, Inc. Reports Financial Results for the First Quarter Ended March 31, 2024 HOUSTON, TEXAS, 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 m ...