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

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

HOUSTON , April 17, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that it will release its first quarter 2024 operating results on Tuesday, May 7, 2024 after the market closes. The Company has scheduled a conference call and webcast for Wednesday, May 8, 2024 at 8:00 a.m.

DIAMOND OFFSHORE TO RELEASE FIRST QUARTER 2024 RESULTS

Diamond Offshore Drilling reported better-than-expected Q4/2023 results and guided Q1 and FY2024 roughly in line with muted expectations. However, the recent Ocean GreatWhite incident is likely to result in the company falling short of its projections. On a more positive note, the company managed to secure long-term contract extensions for two drillships in the U.S. Gulf of Mexico at decent terms.

Diamond Offshore Drilling: Investors Should Look Beyond Recent Rig Incident Impact - Buy

Diamond Offshore (DO) wins a two-year contract extension with a subsidiary of BP plc in the U.S. Gulf of Mexico, representing $350 million of additional backlog.

Diamond Offshore (DO) Secures Additional Backlog Worth $350M

Diamond Offshore Drilling, Inc. (DO) Q4 2023 Earnings Call Transcript

$362 Million in Contract Awards Year to Date 2024 $245 Million in Total Backlog Added in Q4 Rig Performance Bonus Earned in Senegal Ocean BlackHawk and Ocean Courage Commenced New Contracts in Q4 HOUSTON, Feb. 27, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today reported the following results for the fourth quarter of 2023: Three Months Ended Thousands of dollars, except per share data December 31, 2023 September 30, 2023 Total revenues $ 297,637 $ 244,958 Operating income 44,915 863 Adjusted EBITDA 72,340 27,693 Net loss (145,702) (145,016) Adjusted net loss (145,702) (138,792) Loss per diluted share $ (1.42) $ (1.42) Adjusted loss per diluted share $ (1.42) $ (1.36) Bernie Wolford, Jr., President and Chief Executive Officer, stated, "2023 was a transformational year for Diamond Offshore. We marked our one-year anniversary of re-listing on the New York Stock Exchange, made measurable improvements in our capital structure, secured $485 million dollars in new contract awards throughout the year, safely completed Special Periodical Surveys on five rigs, and completed eight contract start-ups, including four contract commencements in the fourth quarter, one in each of the regions in which we operate.

Diamond Offshore Reports Fourth Quarter 2023 Results

Diamond Offshore (DO) secures a new contract with Serica Energy in the U.K. North Sea and a contract extension with a BP subsidiary in the U.S. Gulf of Mexico.

Diamond Offshore (DO) Secures Rig Contracts Worth $360M

HOUSTON , Feb. 8, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today announced that it has executed a two-year contract extension with a subsidiary of bp in the U.S. Gulf of Mexico for the Ocean BlackLion, commencing in September 2024 in direct continuation of the rig's current contract. This contract extension represents approximately $350 million dollars of additional backlog.

DIAMOND OFFSHORE ANNOUNCES NEW FLOATER COMMITMENTS

HOUSTON , Feb. 6, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that it will release its fourth quarter 2023 operating results on Tuesday, February 27, 2024 after the market closes. The Company has scheduled a conference call and webcast for Wednesday, February 28, 2024 at 8:00 a.m.

DIAMOND OFFSHORE TO RELEASE FOURTH QUARTER 2023 RESULTS

Diamond Offshore Drilling reported better-than-expected third quarter results with revenues and adjusted EBITDA coming in well above expectations. As a result, the company raised full-year guidance. While the company intends to return capital to shareholders, it will take more time until free cash generation becomes sufficient for the initiation of a dividend and/or a share repurchase program. 2024 should benefit from a much lower number of shipyard days and a resulting decrease in offhire time and capital expenditures.

Diamond Offshore Drilling - Significant Progress Expected In 2024 - Buy

HOUSTON , Nov. 13, 2023 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today announced it has entered into a drilling contract with an independent operator to utilize the Ocean BlackRhino for work offshore Guinea-Bissau. The Ocean BlackRhino was awarded a one-well contract with a minimum duration of 30 days representing $15.4 million of additional backlog, excluding mobilization.

DIAMOND OFFSHORE ANNOUNCES NEW DRILLSHIP CONTRACT

Diamond Offshore Drilling, Inc. (NYSE:DO ) Q3 2023 Results Conference Call November 7, 2023 9:00 AM ET Company Participants Kevin Bordosky - Senior Director, IR Bernie Wolford - President and CEO Dominic Savarino - SVP and CFO Conference Call Participants Eddie Kim - Barclays David Smith - Pickering Energy Partners Operator Ladies and gentlemen, thank you for standing by. Welcome to the Third Quarter 2023 Diamond Offshore Drilling, Inc. Earnings Conference Call.

Diamond Offshore Drilling, Inc. (DO) Q3 2023 Earnings Call Transcript

Awarded $240 Million in New Contracts, including a 35-well P&A Campaign for the Ocean Patriot Issued $550 Million 8.5% Senior Secured Second Lien Notes due 2030 7th Performance Bonus Earned by Senegal Rigs Ocean BlackHawk Mobilized to Gulf of Mexico for Q4 Contract Commencement Ocean Courage Shipyard Project Commenced; Multi-year Contract to Commence in Late Q4 HOUSTON , Nov. 6, 2023 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today reported the following results for the third quarter of 2023: Three Months Ended Thousands of dollars, except per share data September 30, 2023 June 30, 2023 Total revenues $ 244,958 $ 281,563 Operating income 863 10,240 Adjusted EBITDA 27,693 36,213 Net (loss) income (145,016) 238,783 Adjusted net (loss) income (138,792) 238,783 (Loss) income per diluted share $ (1.42) $ 2.29 Adjusted (loss) income per diluted share $ (1.36) $ 2.29   Bernie Wolford, Jr., President and Chief Executive Officer of Diamond Offshore, stated "Our business continues to benefit from improving energy industry fundamentals.  As we enter the fourth quarter, we see a continuation of positive indicators of a strong and lasting upcycle, including growing rig demand, increased investment in offshore upstream projects, and shrinking rig availability.

Diamond Offshore Reports Third Quarter 2023 Results and Announces Contract Awards of $240 Million

HOUSTON , Oct. 17, 2023 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that it will release its third quarter 2023 operating results on Monday, November 6, 2023 after the market closes. The Company has scheduled a conference call and webcast for Tuesday, November 7, 2023 at 8:00 a.m.

DIAMOND OFFSHORE TO RELEASE THIRD QUARTER 2023 RESULTS

HOUSTON--(BUSINESS WIRE)---- $DO #comanager--Pickering Energy Partners Acted as Co-Manager to Diamond Offshore Drilling, Inc. (NYSE: DO).

Pickering Energy Partners Acted as Co-Manager to Diamond Offshore Drilling, Inc.

Diamond Offshore Drilling, Inc. successfully places $550 million in 8.50% senior secured notes due 2030. Proceeds will be used to repay all of the company's indebtedness and enhance liquidity. However, with the existing revolving credit facility remaining in place, Diamond Offshore will likely remain precluded from returning capital to shareholders for the time being.

Diamond Offshore Snags Comprehensive Debt Refinancing At Favorable Terms - Buy

HOUSTON, Sept. 12, 2023 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) and its wholly-owned subsidiaries, Diamond Foreign Asset Company and Diamond Finance, LLC (together, the "Issuers"), announced today the pricing of the Issuer's private placement (the "Offering") under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the "Securities Act"), of $550 million in aggregate principal amount of 8.500% Senior Secured Second Lien Notes due 2030 (the "Notes").

Diamond Offshore Announces Pricing of $550 Million Upsized Private Placement of 8.500% Senior Secured Second Lien Notes Due 2030

HOUSTON , Sept. 12, 2023 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that its wholly-owned subsidiaries, Diamond Foreign Asset Company and Diamond Finance, LLC (together, the "Issuers"), intend, subject to market conditions, to offer (the "Offering") for sale to eligible purchasers in a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the "Securities Act"), $500 million in aggregate principal amount of Senior Secured Second Lien Notes due 2030 (the "Notes").

Diamond Offshore Announces $500 Million Private Placement of Senior Secured Second Lien Notes Due 2030

Baker Hughes Co

Halliburton

Schlumberger

Tidewater

Cactus

Exxon Mobil

Energy stocks may be poised to have a moment in 2023 with U.S. oil prices settling above $80 per barrel.

5 Top Energy Stocks In Play As Oil Prices Hold Above $80 Per Barrel

HOUSTON , Aug. 24, 2023 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that Bernie Wolford, Jr., President and Chief Executive Officer, is scheduled to present at the Barclays CEO Energy-Power Conference in New York, New York on Wednesday, September 6, 2023 and at the Pareto Securities' Energy Conference in Oslo, Norway on Wednesday, September 20, 2023. Dominic Savarino, Senior Vice President and Chief Financial Officer, is scheduled to present at the Pickering Energy Partners' TE&MFest (Technology, Energy, and Mobility) Conference in Austin, Texas on Thursday, September 21, 2023.

DIAMOND OFFSHORE TO PRESENT AT INVESTOR CONFERENCES IN SEPTEMBER

Backlog of $229 Million Added During Second Quarter Ocean GreatWhite Completes Second Well Post-Reactivation; First Option Exercised Ocean BlackHawk Completes Senegal Contract; Commences Shipyard Project Ocean Apex Completes Shipyard Project; Mobilizing to Location Offshore Australia HOUSTON , Aug. 7, 2023 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today reported the following results for the second quarter of 2023: Three Months Ended Thousands of dollars, except per share data June 30, 2023 March 31, 2023 Total revenues $ 281,563 $ 232,021 Operating income (loss) 10,240 (4,960) Adjusted EBITDA 36,213 21,733 Net income 238,783 7,229 Income per diluted share $ 2.29 $ 0.07 Bernie Wolford, Jr., President and Chief Executive Officer of Diamond Offshore, stated "Our clients continue to commit additional capital to offshore drilling and make critical investments in long-lead subsea equipment. This coupled with strong commodity demand outlooks and favorable economics for deepwater projects are setting the stage for sustainable demand for our drilling services as momentum continues to build in this cycle.

Diamond Offshore Reports Second Quarter 2023 Results

Diamond Offshore Drilling Inc. has promising earnings projections, with a projected p/e of just 11 in 2024. Oil and natural gas are expected to remain significant players in the global energy mix, despite the rise of renewables. DO is well-positioned to benefit from the high demand for oil, with strong earnings potential and contracts worth $212 million.

Diamond Offshore Drilling: Priced For Growth And Perfection

Apple

Amgen

Ardelyx

Celsius Holdings

Coinbase

Cisco Systems

Chevron

DocGo

New Oriental Education & Technology Group

e.l.f. Beauty

Enphase Energy

Evolution Petroleum

Fluence Energy

FTC Solar

Genius Sports

GSX Techedu Inc.

Immunocore Holdings

Intel

Inter & Co Inc

JPMorgan Chase & Co

Coca-Cola

MoonLake Immunotherapeutics

Microsoft

Noble Corp PLC

Two new Breakout Stocks for Week 31 curated by the MDA model for 10% short-term upside and additional model selections. This week two of four picks gained over 10% in less than a week with peak gains in CLLS +16.8% AUTL+15.5% but the portfolio failed to hold gains. The streak of weekly picks gaining over 10% in less than a week has increased to 255 out of 322 trading weeks (79.2%) not including multiple gainers or warning signals.

August MDA Breakout Stocks Week 31 - 2023: High-Frequency Gainers To Give You An Edge

HOUSTON , July 18, 2023 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that it will release its second quarter 2023 operating results on Monday, August 7, 2023 after the market closes. The Company has scheduled a conference call and webcast for Tuesday, August 8, 2023 at 8:00 a.m.

DIAMOND OFFSHORE TO RELEASE SECOND QUARTER 2023 RESULTS

Antero Resources

Diamondback Energy

Permian Resources Corp

Shell PLC

TotalEnergies SE

Our energy roundtable predicts higher crude prices as global demand grows faster than supply. What's ahead for U.S. shale, the majors, and the energy transition.

10 Picks to Play a Resurgent Energy Sector

Diamond Offshore Drilling, Inc. (NYSE:DO ) Q1 2023 Earnings Conference Call May 9, 2023 9:00 AM ET Company Participants Kevin Bordosky - Senior Director, IR Bernie Wolford - President, CEO & Director Dominic Savarino - SVP & CFO Conference Call Participants Eddie Kim - Barclays Bank Operator Good morning, and thank you for standing by. Welcome to the First Quarter 2023 Diamond Offshore Drilling Earnings Conference Call.

News for Diamond Offshore Drilling Inc Stock (DO)