Independence Contract Drilling, Inc. Reports Financial Results for the Second Quarter Ended June 30, 2024
ICDIndependence Contract Drilling(ICD) Prnewswire·2024-08-07 18:45

HOUSTON, Aug. 7, 2024 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today reported financial results for the three months ended June 30, 2024. Second quarter 2024 Highlights Net loss of 16.7million,or16.7 million, or 1.15 per share Adjusted net loss, as defined below, of 10.6million,or10.6 million, or 0.73 per share Adjusted EBITDA, as defined below, of 8.5million,representinga288.5 million, representing a 28% sequential decrease Adjusted net debt, as defined below, of 196.7 million, representing a 3% sequenti ...