Diamond Offshore Drilling Inc

Diamond Offshore Drilling, Inc. engages in offshore drilling, which also provides contract drilling services to the energy industry around the globe. The firm's fleet of offshore drilling rigs consists of drill ships and semisubmersibles rigs. It serves to oil and gas companies, and government-owned oil companies. The company was founded on April 12, 1989 and is headquartered in Houston, TX.

Earnings data Q4 2019

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Diamond Offshore Drilling reports Q4 loss but sees growth opportunities

Diamond Offshore Drilling Inc faced a net loss in Q4 2022 but highlighted strong operational performance and market opportunities.
The company's balance sheet strength and positive market outlook position it well for future growth.
Challenges include financial losses and the need for strategic adjustments, while opportunities lie in revenue growth and market demand.

Diamond Offshore Drilling reports solid Q1 performance and growth opportunities

Diamond Offshore Drilling delivered a strong performance in Q1 2023, supported by revenue growth, new contract wins, and positive market trends.
While facing challenges in capital structure and market dynamics, the company remains focused on operational excellence and growth opportunities.
With a robust backlog, strategic guidance, and a proactive approach to investments, Diamond Offshore Drilling is poised for continued success in the offshore drilling industry.

Diamond Offshore Drilling Inc reports stable Q2 performance and eyes growth opportunities

Diamond Offshore Drilling Inc's Q2 2023 performance was stable, with revenue of $282 million and adjusted EBITDA of $36 million.
The company anticipates growth in the fourth quarter and beyond, with positive market outlook and strategic initiatives for fleet expansion.
While facing near-term challenges, Diamond Offshore Drilling Inc is well-positioned to capitalize on opportunities in the offshore drilling industry for sustained success.

Diamond Offshore Drilling reports Q3 loss, eyes growth in 2024

DO's Q3 performance showed mixed results with a net loss, but the company remains optimistic about future growth and operational efficiencies.
The successful bond offering and refinancing transaction demonstrate DO's commitment to improving its capital structure and seizing opportunities.
With a focus on value creation from assets and active bidding for contracts, DO is poised for growth and stability in the coming quarters.

Diamond Offshore exceeds Q4 guidance, navigates challenges, and eyes growth

Diamond Offshore Drilling Inc delivered a strong performance in Q4 2023, driven by operational efficiency and new contract awards, despite challenges from the GreatWhite incident.
The company's financial outlook remains positive, supported by a robust market outlook, significant contract awards, and strong contract coverage for 2024.
While facing challenges from the incident, Diamond Offshore is well-positioned to capitalize on opportunities presented by clients prioritizing longer-term contracts and market dynamics.

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Diamond Offshore Drilling is a global offshore oil and gas drilling contractor. The company has a fleet of 44 offshore drilling rigs, consisting of 32 semisubmersibles, seven jack-ups, and five dynamically positioned drillships, four of which are under construction. The Company’s jack-ups include Ocean King, Ocean Nugget, Ocean Scepter, Ocean Spartan, Ocean Spur, Ocean Summit and Ocean Titan. Its Deepwater Semisubmersibles include Ocean Alliance, Ocean America, Ocean Apex, Ocean Onyx, Ocean Valiant, and Ocean Star. Ultra-deepwater semisubmersibles include Ocean Valor, Ocean Courage, Ocean Monarch, Ocean Baroness, and Ocean Confidence. Ultra-deepwater drillships include Ocean BlackLion, Ocean BlackRhino, Ocean BlackHornet, and Ocean Clipper. Mid-Water Semisubmersibles include Ocean Winner, Ocean Quest, Ocean Concord, Ocean Guardian, Ocean Whittington, and Ocean Yorktown.

Noble Corp PLC

SUGAR LAND, Texas , Aug. 30, 2024 /PRNewswire/ -- Noble Corporation plc ("Noble") (CSE: NOBLE, NYSE: NE) and Diamond Offshore Drilling, Inc. ("Diamond Offshore") (NYSE: DO) announced today the receipt of clearance from the Australia Competition & Consumer Commission, in relation to the pending transaction between Noble and Diamond Offshore, which is the final required regulatory approval for the transaction.  The parties expect to close the transaction on Wednesday September 4 th, 2024.

Noble Corporation and Diamond Offshore Provide Update on Expected Closing of Transaction

$350 Million in Contract Awards in Q2; $89 Million in Contract Awards Post-Q2 Q2 Adjusted EBITDA of $58 Million $8.7 Million in Performance Bonuses Earned during Q2 in Senegal Ocean GreatWhite Completes Repairs and Resumes Operations HOUSTON , Aug. 6, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today reported the following results for the second quarter of 2024: Three Months Ended Thousands of dollars, except per share data June 30, 2024 March 31, 2024 Total revenues $ 252,886 $ 274,610 Operating income 28,282 21,813 Net income 9,328 11,612 Income per diluted share 0.09 0.11 Adjusted operating income 33,428 31,813 Adjusted EBITDA (1) 58,020 64,163 Adjusted net income 12,189 25,434 Adjusted income per diluted share 0.12 0.25 (1) Adjusted to exclude (i) $5 million in transaction costs for the three months ended June 30, 2024 associated with the previously announced pending merger with Noble Corporation plc and (ii) the $10 million insurance deductible associated with the insurance claim for the Ocean GreatWhite for the three months ended March 31 2024. Non-GAAP supporting schedules are included with the statements and schedules included in this press release.

Diamond Offshore Reports Second Quarter 2024 Results

SUGAR LAND, Texas , July 25, 2024 /PRNewswire/ -- Noble Corporation plc ("Noble") (CSE: NOBLE, NYSE: NE) and Diamond Offshore Drilling, Inc. ("Diamond") (NYSE: DO) announced today that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, in relation to the pending merger between Noble and Diamond, expired at 11:59 ET on July 24, 2024.  Completion of the transaction is subject to the satisfaction of the remaining customary closing conditions, including approval by Diamond's stockholders and the receipt of informal clearance by the Australian Competition & Consumer Commission.

Noble Corporation and Diamond Offshore Announce Expiration of Hart-Scott-Rodino Act Waiting Period and Provide Transaction Update

HOUSTON , July 18, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today announced that it has entered into a contract with BOE Exploration & Production LLC for the Ocean BlackRhino for work in the U.S. Gulf of Mexico. The Ocean BlackRhino was awarded a contract with a minimum duration of 180 days for a total value of approximately $89 million, excluding mobilization and any additional services.

DIAMOND OFFSHORE ANNOUNCES NEW DRILLSHIP COMMITMENT

HOUSTON , July 17, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that it will release its second quarter 2024 operating results on Tuesday, August 6, 2024 after the market closes. The company will not hold a conference call as a result of entering into the definitive merger agreement announced on June 10, 2024, providing for Diamond to be acquired by Noble Corporation plc, subject to shareholder and regulatory approvals and other customary closing conditions.

DIAMOND OFFSHORE TO RELEASE SECOND QUARTER 2024 RESULTS

NEW YORK , July 9, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Diamond Offshore Drilling, Inc. (NYSE: DO ), relating to its proposed merger with Noble Corp plc.

STOCKHOLDER ALERT: The M&A Class Action Firm Investigates Merger of Diamond Offshore Drilling, Inc. - DO

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The Noble (NE)-Diamond Offshore (DO) transaction comes at a time when the offshore drilling market is benefiting from increased exploration and production spending.

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SPAR Group

NEW YORK, June 18, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates DO, SGRP on Behalf of Shareholders

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Diamond Offshore Drilling, Inc. (NYSE: DO) to Noble Corporation plc (NYSE: NE). Under the terms of the proposed transaction, shareholders of Diamond will receive $5.65 in cash and 0.2316 shares of Noble for each share of Diamond that they own. KSF is seeking to determine whether this consideration and the proc.

DIAMOND OFFSHORE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Diamond Offshore Drilling, Inc. - DO

McGrath RentCorp

NEW YORK, NY / ACCESSWIRE / June 11, 2024 / Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Diamond Offshore Drilling, Inc. (NYSE:DO)'s sale to Noble Corporation plc for 0.2316 shares of Noble and $5.65 in cash for each share of Diamond stock. If you are a Diamond shareholder, click here to learn more about your legal rights and options.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates DO, MGRC on Behalf of Shareholders

NEW YORK , June 11, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Diamond Offshore Drilling, Inc. (NYSE: DO ), relating to its proposed merger with Noble Corp plc.

STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates Merger of Diamond Offshore Drilling, Inc. - DO

ICC Hlds

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates DO, ICCH on Behalf of Shareholders

MILWAUKEE , June 11, 2024 /PRNewswire/ -- Ademi LLP is investigating Diamond (NYSE: DO) for possible breaches of fiduciary duty and other violations of law in its transaction with Noble. Click here to learn how to join the https://www.ademilaw.com/case/diamond-offshore-drilling-inc or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether Diamond Offshore Drilling, Inc. has obtained a Fair Price for its Public Shareholders

NEW YORK , June 10, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Diamond Offshore Drilling, Inc. (NYSE: DO) and its board of directors concerning the proposed acquisition of the company by Noble Corporation plc (NYSE: NE). Stockholders will receive $5.65 and 0.2316 shares of Noble Corporation common stock for each share of Diamond Offshore Drilling stock that they hold.

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Diamond Offshore Drilling, Inc.

NEW YORK, June 10, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Diamond Offshore Drilling, Inc . ( NYSE : DO ), relating to its proposed merger with Noble Corp plc. Under the terms of the agreement, each share of Diamond Offshore Drilling stock will be converted into the right to receive $5.65 in cash and 0.2316 shares of Noble stock.

STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates Merger of Diamond Offshore Drilling, Inc. – DO

If Noble's bid for Diamond Offshore goes through, it will create one of the world's largest offshore drilling companies.

Noble To Buy Diamond Offshore Drilling: What To Know

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Diamond Offshore Drilling, Inc. (NYSE: DO) to Noble Corporation plc for 0.2316 shares of Noble and $5.65 in cash for each share of Diamond stock is fair to Diamond shareholders. Halper Sadeh encourages Diamond shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halp.

DO STOCK ALERT: Halper Sadeh LLC Is Investigating Whether the Sale of Diamond Offshore Drilling, Inc. Is Fair to Shareholders

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Noble Corp. is buying Diamond Offshore Drilling in a deal valued at about $1.6 billion.

Diamond Offshore Is Being Acquired. The Oil Sector Keeps Consolidating.

Consolidation in the oil industry continues, with offshore drilling contractor Noble Corp. on Monday announcing a cash-and-stock deal for rival Diamond Offshore Drilling.

Driller Noble to buy Diamond Offshore for $1.6 billion

Offshore drilling contractor, Noble Corporation (NYSE:NE, CSE: NOBLE) has struck a deal to take over Diamond Offshore Drilling for around $1.6 billion in shares and cash.  Diamond shareholders will receive 0.2316 Noble shares and cash of $5.65 per share for each share they own stock, which would combine to give Diamond shareholders a 14.5% stake in the enlarged Noble.

Noble Corp agrees $1.6bn takeover of rival Diamond Offshore Drilling

Noble Corporation plc announced on Monday that it will acquire Diamond Offshore Drilling Inc. in a deal valued at $1.6 billion. Noble will pay $5.65 per share, representing an 11.4% premium over Diamond Offshore's recent share price.

Noble Corporation acquires Diamond Offshore Drilling in $1.6-billion deal

Noble Corp will buy smaller rival Diamond Offshore Drilling in a cash-and-stock deal worth around $1.59 billion, the latest in a series of buyouts in a sector undergoing massive consolidation.

US oil driller Noble Corp to buy Diamond Offshore for about $1.6 bln

SUGAR LAND, Texas , June 10, 2024 /PRNewswire/ -- Noble Corporation plc ("Noble") (CSE: NOBLE) (NYSE: NE) and Diamond Offshore Drilling, Inc ("Diamond") (NYSE: DO) announced today that they have entered into a definitive merger agreement under which Noble will acquire Diamond in a stock plus cash transaction. As part of the transaction, Diamond shareholders will receive 0.2316 shares of Noble, plus cash consideration of $5.65 per share for each share of Diamond stock, representing an 11.4% premium to closing stock prices on June 7, 2024.

Noble Corporation plc announces agreement to acquire Diamond Offshore Drilling, Inc.

Secured $731 million in contract awards year to date, including $713 million in Q1 Total backlog was $1.9 billion as of April 1, 2024 Ocean GreatWhite repairs progressing well; expected back on location in the first half of June Secured marketing rights for 3 high-specification 7th generation drillships HOUSTON , May 7, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today reported the following results for the first quarter of 2024: Three Months Ended Thousands of dollars, except per share data March 31, 2024 December 31, 2023 Total revenues $ 274,610 $ 297,637 Operating income 21,813 44,915 Net income (loss) 11,612 (145,702) Income (loss) per diluted share 0.11 (1.42) Adjusted operating income 31,813 44,915 Adjusted EBITDA (1) 64,163 72,340 Adjusted net income (loss) 25,434 (145,702) Adjusted income (loss) per diluted share 0.25 (1.42) ( 1 )    Adjusted to exclude the $10 million insurance deductible associated with a claim for the Ocean GreatWhite. Bernie Wolford, Jr., President and Chief Executive Officer, stated, "The demand landscape remains compelling for our business.

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