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Independence Contract Drilling Inc

ICD

Latest Trade

3.15USD

Change

0.03(+0.96%)

Volume

81,641

Today's Range

3.11

 - 

3.32

52 Week Range

2.12

 - 

9.24

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Independence Contract Drilling, Inc. Reports Q1 Loss Per Share $2.58

May 4 (Reuters) - Independence Contract Drilling Inc <ICD.N>::INDEPENDENCE CONTRACT DRILLING, INC. REPORTS FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2021 AND ANNOUNCES ADDITIONAL RIG REACTIVATIONS.Q1 LOSS PER SHARE $2.58.Q1 REVENUE $15.5 MILLION.QTRLY MARKETED FLEET UTILIZATION OF 43%.EXPECTS OPERATING DAYS IN Q2 OF 2021 TO INCREASE SEQUENTIALLY BY APPROXIMATELY 22% COMPARED TO Q1 OF 2021.

Independence Contract Drilling Inc Reports Financial Results For The Fourth Quarter And Year

Feb 24 (Reuters) - Independence Contract Drilling Inc <ICD.N>::INDEPENDENCE CONTRACT DRILLING, INC. REPORTS FINANCIAL RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2020 AND ANNOUNCES ADDITIONAL RIG REACTIVATIONS.Q4 LOSS PER SHARE $7.02.Q4 REVENUE $13.3 MILLION VERSUS $45.3 MILLION.Q4 ADJUSTED LOSS PER SHARE $2.65.INDEPENDENCE CONTRACT DRILLING - DOES NOT EXPECT TO ADD RIGS BACK TO MARKETED FLEET UNLESS MARKET CONDITIONS SUBSTANTIALLY IMPROVE OVER EXPECTATIONS.INDEPENDENCE CONTRACT DRILLING - RECORDED IMPAIRMENT CHARGE OF $24.4 MILLION RELATED TO REMAINING ASSETS ON RIGS, CERTAIN OTHER COMPONENT EQUIPMENT IN Q4.CAPEX BUDGET FOR 2021, BEFORE ASSET SALES AND RECOVERIES IS $5.8 MILLION.

Independence Contract Drilling Reports Third Quarter Loss Per Share $2.67

Nov 3 (Reuters) - Independence Contract Drilling Inc <ICD.N>::INDEPENDENCE CONTRACT DRILLING, INC. REPORTS FINANCIAL RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2020 AND ANNOUNCES ADDITIONAL RIG REACTIVATIONS.Q3 LOSS PER SHARE $2.67.Q3 REVENUE $10.2 MILLION VERSUS $45.1 MILLION.Q3 EARNINGS PER SHARE ESTIMATE $-3.18 -- REFINITIV IBES DATA.EXPECTS TO REACTIVATE ADDITIONAL RIGS DURING REMAINDER OF YEAR AND INTO FIRST HALF OF 2021.QTRLY ADJUSTED NET LOSS $2.73 PER SHARE.

Independence Contract Drilling Q2 Loss Per Share $2.52

Aug 4 (Reuters) - Independence Contract Drilling Inc <ICD.N>::INDEPENDENCE CONTRACT DRILLING, INC. REPORTS FINANCIAL RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2020.Q2 LOSS PER SHARE $2.52.Q2 EARNINGS PER SHARE ESTIMATE $-3.47 -- REFINITIV IBES DATA.Q2 REVENUE $21.4 MILLION VERSUS REFINITIV IBES ESTIMATE OF $19.3 MILLION.

Independence Contract Drilling - Expects To Report About 834 Revenue Days During Three Months Ended June 30, 2020

July 1 (Reuters) - Independence Contract Drilling Inc <ICD.N>::INDEPENDENCE CONTRACT DRILLING - EXPECTS TO REPORT ABOUT 834 REVENUE DAYS DURING THREE MONTHS ENDED JUNE 30, 2020.INDEPENDENCE CONTRACT DRILLING - EXPECTS TO REPORT BACKLOG OF TERM CONTRACTS WITH ORIGINAL TERMS OF 6 MONTHS OR MORE OF ABOUT $15.1 MILLION AS OF JUNE 30.INDEPENDENCE CONTRACT DRILLING - EXITED QUARTER WITH FIVE RIGS OPERATING AND ONE ADDITIONAL RIG EARNING REVENUE ON AN EARLY TERMINATION BASIS.

Independence Contract Drilling Says Reducing Annual Capex Budget By 30%

April 6 (Reuters) - Independence Contract Drilling Inc <ICD.N>::INDEPENDENCE CONTRACT DRILLING, INC. ANNOUNCES EFFORTS TO ADDRESS CURRENT MARKET CONDITIONS.INDEPENDENCE CONTRACT DRILLING - IN RESPONSE TO CURRENT MARKET CONDITIONS ANNOUNCED SALARY OR COMPENSATION REDUCTIONS FOR SUBSTANTIALLY ALL EMPLOYEES OF CO.INDEPENDENCE CONTRACT DRILLING INC - REDUCING NUMBER OF EXECUTIVE MANAGEMENT POSITIONS BY TWO.INDEPENDENCE CONTRACT DRILLING INC - REDUCING NUMBER OF DIRECTORS FROM SEVEN TO FIVE.INDEPENDENCE CONTRACT DRILLING INC - ANNUAL COMPENSATION REDUCTIONS FOR DIRECTORS OF COMPANY.INDEPENDENCE CONTRACT DRILLING INC - REDUCING HEADCOUNT FOR NON-FIELD-BASED PERSONNEL BY APPROXIMATELY 40%.INDEPENDENCE CONTRACT DRILLING INC - REDUCING ANNUAL CAPITAL EXPENDITURE BUDGET BY 30%.INDEPENDENCE CONTRACT DRILLING - FOR EXECUTIVE TEAM, COMPENSATION REDUCTIONS RANGE BETWEEN 40% AND 55% OF CASH COMPENSATION DEPENDING UPON POSITION.INDEPENDENCE CONTRACT DRILLING INC - EXPECT ACTIONS TO RESULT IN ABOUT $5 MILLION OF CASH REDUCTIONS TO ANNUALIZED TARGETED SG&A EXPENSE.

Independence Contract Drilling Q4 Loss Per Share $0.47

Feb 28 (Reuters) - Independence Contract Drilling Inc <ICD.N>::INDEPENDENCE CONTRACT DRILLING, INC. REPORTS FINANCIAL RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2019 AND ANNOUNCES 1-FOR-20 REVERSE STOCK SPLIT.Q4 LOSS PER SHARE $0.47.Q4 EARNINGS PER SHARE ESTIMATE $-0.09 -- REFINITIV IBES DATA.Q4 REVENUE $45.3 MILLION VERSUS REFINITIV IBES ESTIMATE OF $44.5 MILLION.QUARTERLY ADJUSTED LOSS PER SHARE $0.10.SAYS BOARD APPROVED 1-FOR-20 REVERSE STOCK SPLIT OF CO'S COMMON STOCK.CAPITAL EXPENDITURE BUDGET FOR 2020, BEFORE ASSET SALES AND RECOVERIES IS $10.2 MILLION.SAYS REVERSE SPLIT WILL BE EFFECTIVE AT 5:00 P.M. EASTERN TIME ON MARCH 11, 2020.

Independence Contract Drilling Posts Q3 Loss Per Share $0.14

Oct 31 (Reuters) - Independence Contract Drilling Inc <ICD.N>::INDEPENDENCE CONTRACT DRILLING, INC. REPORTS FINANCIAL RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2019.Q3 LOSS PER SHARE $0.14.Q3 REVENUE $45.1 MILLION VERSUS REFINITIV IBES ESTIMATE OF $44.6 MILLION.Q3 EARNINGS PER SHARE ESTIMATE $-0.10 -- REFINITIV IBES DATA.BACKLOG OF DRILLING CONTRACTS WITH ORIGINAL TERMS OF SIX MONTHS OR LONGER WAS $57.8 MILLION AS OF SEPTEMBER 30, 2019.APPROXIMATELY 48% OF BACKLOG FROM DRILLING CONTRACTS IS EXPECTED TO BE REALIZED DURING REMAINDER OF 2019.

Independence Contract Drilling Provides Financial, Operational Update For Third Quarter

Oct 14 (Reuters) - Independence Contract Drilling Inc <ICD.N>::INDEPENDENCE CONTRACT DRILLING, INC. ANNOUNCES TIMING OF THIRD QUARTER EARNINGS CONFERENCE CALL AND PROVIDES FINANCIAL AND OPERATIONAL UPDATE FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2019.INDEPENDENCE CONTRACT DRILLING INC - SEES Q3 NET LOSS BETWEEN $0.12 AND $0.13 PER SHARE..INDEPENDENCE CONTRACT DRILLING INC - SEES Q3 ADJUSTED NET LOSS BETWEEN $0.10 AND $0.11 PER SHARE.INDEPENDENCE CONTRACT DRILLING INC - SEES Q3 FLEET UTILIZATION OF 77% OF ITS MARKETED FLEET.INDEPENDENCE CONTRACT DRILLING INC - CAPITAL EXPENDITURE BUDGET FOR 2019 REMAINS $29.0 MILLION.INDEPENDENCE CONTRACT DRILLING INC - REVENUE PER DAY DURING Q4 IS EXPECTED TO RANGE BETWEEN $19,800 AND $20,200.INDEPENDENCE CONTRACT DRILLING SEES HEADWINDS TO REMAIN FOR CONTRACTED U.S. LAND RIG COUNT INDUSTRY CONTINUING TO DECLINE AS CO ENTERS Q4.INDEPENDENCE CONTRACT DRILLING INC - CURRENTLY EXPECTS OPERATING DAYS TO INCREASE APPROXIMATELY 5% DURING Q4 OF 2019.INDEPENDENCE CONTRACT DRILLING INC - CONTINUE TO EXPECT CONTRACTED RIG COUNT TO INCREASE AS CO EXITS Q4 OF 2019.

Independence Contract Drilling Inc Says On July 31, Entered Into A First Amendment To Credit Agreement Dated As Of October 1, 2018

Aug 1 (Reuters) - Independence Contract Drilling Inc <ICD.N>::INDEPENDENCE CONTRACT DRILLING INC - ON JULY 31, ENTERED INTO A FIRST AMENDMENT TO CREDIT AGREEMENT DATED AS OF OCTOBER 1, 2018.INDEPENDENCE CONTRACT DRILLING INC - FIRST AMENDMENT REVISES CREDIT AGREEMENT TO EXPLICITLY PERMIT REPURCHASE OF EQUITY INTERESTS BY BORROWERS.INDEPENDENCE CONTRACT- BORROWERS MAY CONSUMMATE REPURCHASES OF COMMON STOCK TOTALING NO MORE THAN $15.0 MILLION DURING TERM OF CREDIT AGREEMENT.INDEPENDENCE CONTRACT DRILLING INC - BOARD HAS AUTHORIZED A STOCK REPURCHASE PLAN.INDEPENDENCE CONTRACT DRILLING - MAY REPURCHASE UP TO $10.0 MILLION OF OUTSTANDING SHARES OF COMMON STOCK BEGINNING ON AUG 2, 2019 AND ENDING AUG 1, 2022.INDEPENDENCE CONTRACT DRILLING INC - EFFECTIVE AUG 2, 2019, BOARD MODIFIED ITS CONSENT TO EXTEND MSD PURCHASE WINDOW TO DECEMBER 31, 2019.INDEPENDENCE CONTRACT DRILLING - EFFECTIVE AUGUST 2, 2019, BOARD REDUCED NUMBER OF SHARES PERMITTED TO BE PURCHASED BY MSD PARTIES TO 2.0 MILLION SHARES.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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