Independence Contract Drilling, Inc. Reports Financial Results for the First Quarter Ended March 31, 2024
ICDIndependence Contract Drilling(ICD) Prnewswire·2024-05-01 18:45

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 9.0million,or9.0 million, or 0.62 per share Adjusted net loss, as defined below, of 7.3million,or7.3 million, or 0.50 per share Adjusted EBITDA, as defined below, of 11.8millionAdjustednetdebt,asdefinedbelow,of11.8 million Adjusted net debt, as defined below, of 190.3 million 15.1 average rigs working during the quarter Fully burdened margin per ...