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Rowan Companies PLC (RDC)

RDC on New York Consolidated

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20 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Rowan announces launch of ARO Drilling
Thursday, 19 Oct 2017 06:42am EDT 

Oct 19 (Reuters) - Rowan Companies Plc :Rowan announces launch of ARO Drilling.Rowan Companies Plc - ‍ARO Drilling, co's 50/50 joint venture with Saudi Arabian Oil Company commenced operations on October 17, 2017​.Rowan Companies Plc - ‍As part of initial startup of aro drilling, rowan and saudi aramco contributed equal amounts of cash into joint venture​.Rowan Companies Plc - ‍Pursuant to aro drilling shareholders' agreement, Saudi Aramco will sell an additional jack-up rig in 2017 to ARO Drilling​.Rowan Companies Plc - Rowan will sell an additional two jack-up rigs to ARO Drilling once they complete their current contracts in late 2018​.Rowan Companies - Co, Saudi Aramco agreed aro drilling will purchase 20 future newbuild rigs that will be constructed by Saudi Aramco Manufacturing JV.Rowan Companies Plc - 20 future newbuild rigs to be constructed by a Saudi Aramco Manufacturing JV expected to be delivered between 2021 and 2030​.  Full Article

Rowan is said in talks to acquire Maersk's drilling business which may be valued at about $4 billion - Bloomberg
Monday, 25 Sep 2017 11:42am EDT 

Sept 25 (Reuters) - :Rowan is said in talks to acquire Maersk's drilling business which may be valued at about $4 billion - Bloomberg, citing sources.  Full Article

Rowan is said in talks to acquire Maersk's drilling business - Streetinsider, citing Bloomberg
Monday, 25 Sep 2017 10:53am EDT 

Sept 25 (Reuters) - :Rowan is said in talks to acquire Maersk's drilling business - Streetinsider, citing Bloomberg.  Full Article

Rowan reports qtrly revenues $320.2 million
Wednesday, 2 Aug 2017 06:45am EDT 

Aug 2 (Reuters) - Rowan Companies Plc :Rowan reports second quarter 2017 results.Rowan Companies Plc qtrly net loss of $28.7 million, or $0.23 net loss per diluted share.Rowan Companies Plc qtrly revenues $320.2 million versus $611.8 million.Q2 revenue view $293.9 million -- Thomson Reuters I/B/E/S.Q2 earnings per share view $-0.30 -- Thomson Reuters I/B/E/S.Rowan Companies Plc qtrly non-GAAP loss per share $0.25.  Full Article

Rowan Companies' board confirms it intends to seek shareholder approval at annual meeting to renew 5-year share repurchase authorization
Tuesday, 16 May 2017 07:46am EDT 

May 16 (Reuters) - Rowan Companies Plc :Rowan Companies says board confirms it intends to seek shareholder approval at annual meeting to renew 5-year share repurchase authorization - SEC filing.  Full Article

Rowan Companies qtrly earnings per share $0.07
Tuesday, 2 May 2017 06:45am EDT 

May 2 (Reuters) - Rowan Companies Plc :Rowan reports first quarter 2017 results.Q1 revenue $374.3 million versus i/b/e/s view $357.6 million.Rowan companies plc - revenues totaled $374.3 million in q1 of 2017, a decrease of 25% from prior-year quarter.Qtrly earnings per share $0.07.Q1 earnings per share view $0.08 -- Thomson Reuters I/B/E/S.  Full Article

Rowan posts Q4 net loss $0.19 per share
Friday, 24 Feb 2017 06:45am EST 

Rowan Companies Plc : Rowan reports fourth quarter and full-year 2016 results . Q4 revenue $351.8 million versus I/B/E/S view $344.6 million . Rowan Companies Plc - Rowan's revenues were $351.8 million in Q4 of 2016, a decrease of 34 pct from prior-year quarter . Qtrly net loss $0.19 per diluted share .Q4 earnings per share view $-0.06 -- Thomson Reuters I/B/E/S.  Full Article

Rowan Companies called for redemption all $92.1 mln of its 5.00% senior notes due 2017 on Jan. 9, 2017
Monday, 9 Jan 2017 04:19pm EST 

Rowan Companies Plc : Rowan Companies Plc - on January 9, 2017 co called for redemption all $92.1 million of its 5.00% senior notes due 2017 - sec filing .Rowan companies - redemption will be effected on February 8, 2017.  Full Article

Rowan prices upsized offering of $500 mln senior notes
Wednesday, 7 Dec 2016 06:45am EST 

Rowan Companies Plc - : Rowan Companies Plc- pricing of an underwritten public offering of $500 million in aggregate principal amount of 7.375 pct senior unsecured notes due 2025 . To use net proceeds to fund recently announced tender offer to purchase for cash up to $750 million aggregate purchase price, among others .Rowan prices upsized public offering of $500 million of senior notes.  Full Article

Rowan announces cash tender offers
Monday, 5 Dec 2016 07:41am EST 

Rowan Companies Plc : Rowan announces cash tender offers .RCI intends to fund tender offers with proceeds from notes offering and cash on hand.  Full Article

BRIEF-Rowan announces launch of ARO Drilling

* Rowan Companies Plc - ‍ARO Drilling, co's 50/50 joint venture with Saudi Arabian Oil Company commenced operations on October 17, 2017​