Independence Contract Drilling

Independence Contract Drilling, Inc. engages in the provision of land-based contract drilling services for oil and natural gas producers. It develops and assembles the sharedriller series rig design. Its series are AC programmable, and energy efficient BiFuel. The company was founded by Philip A. Choyce and Byron A. Dunn on November 4, 2011 and is headquartered in Houston, TX.

Earnings data Q4 2020

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HOUSTON , Aug. 3, 2023 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today reported financial results for the three months ended June 30, 2023. Second quarter 2023 Highlights Net loss, as defined below, of $4.2 million, or $0.30 per share Adjusted net loss, as defined below, of $1.0 million, or $0.07 per share Adjusted EBITDA, as defined below, of $18.7 million Adjusted net debt, as defined below, of $191.2 million 15.0 average rigs working during the quarter, excluding two average rigs earning revenue on an early termination basis Fully burdened margin per day of $15,462 In the second quarter of 2023, the Company reported revenues of $56.4 million, net loss of $4.2 million, or $0.30 per share, adjusted net loss (defined below) of $1.0 million, or $0.07 per share, and adjusted EBITDA (defined below) of $18.7 million.

Independence Contract Drilling, Inc. Reports Financial Results for the Second Quarter Ended June 30, 2023

HOUSTON , July 24, 2023 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today announced that it will release its second quarter 2023 results before the New York Stock Exchange opens on Thursday, August 3, 2023. This release will be followed by a conference call for investors at 11:00 a.m.

Independence Contract Drilling, Inc. Announces Timing of Second Quarter 2023 Financial Results and Conference Call

HOUSTON , June 9, 2023 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) announced today that Anthony Gallegos, President and Chief Executive Officer, will be presenting at the Emerging Growth Conference Wednesday, June 14, 2023 at 10:50 a.m. eastern standard time.

Independence Contract Drilling to Present at the Emerging Growth Conference on June 14, 2023

Independence Contract Drilling, Inc. (NYSE:ICD ) Q1 2023 Earnings Conference Call May 9, 2023 12:00 PM ET Company Participants Philip Choyce - EVP & CFO Anthony Gallegos - President & CEO Conference Call Participants Don Crist - Johnson Rice & Company Steve Ferazani - Sidoti & Company Dave Storms - Stonegate Capital Markets David Marsh - Singular Research Dick Ryan - Oak Ridge Financial Operator Good day and welcome to the Independence Contract Drilling Inc. first quarter 2023 financial results conference call. [Operator Instructions].

Independence Contract Drilling, Inc. (ICD) Q1 2023 Earnings Call Transcript

Dallas, Texas--(Newsfile Corp. - May 10, 2023) - Independence Contract Drilling, Inc (NYSE: ICD): Stonegate Capital Partners updates coverage on Independence Contract Drilling, Inc. The full report can be accessed by clicking on the following link: ICD Q1 2023 Report To view the full announcement, including downloadable images, bios, and more, click here. Key Takeaways: Margins per day continue to increase with Q123 representing an 8% improvement over Q422 Strong backlog of $56.3 million, all of which is expected to be realized in 2023 Management is guiding towards a leverage ratio of 2x before the end of 2023, further strengthening the balance sheet Click image above to view full announcement.

Stonegate Capital Partners Updates Coverage on Independence Contract Drilling, Inc (ICD) Q1 2023

Independent Contract Drilling (ICD) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to loss of $0.99 per share a year ago.

Independent Contract Drilling (ICD) Q1 Earnings and Revenues Beat Estimates

HOUSTON , May 9, 2023 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today reported financial results for the three months ended March 31, 2023. First quarter 2023 Highlights Net income, as defined below, of $12.0 thousand, or $0.00 per diluted share.

Independence Contract Drilling, Inc. Reports Financial Results for the First Quarter Ended March 31, 2023

HOUSTON , April 24, 2023 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today announced that it will release its first quarter 2023 results before the New York Stock Exchange opens on Tuesday, May 9, 2023. This release will be followed by a conference call for investors at 11:00 a.m.

Independence Contract Drilling, Inc. Announces Timing of First Quarter 2023 Financial Results and Conference Call

Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today announced that Daniel F. McNease has retired from the Company's Board of Directors, effectively immediately, for personal reasons. Mr. McNease served on the Company's Board of Directors since 2012 and served as Chairman of the Board since 2019. The Board has selected James G. Minmier to replace Mr. McNease as Chairman of the Board. Mr. Minmier has served as director of the Company since 2018. The Board has elected Brian D. Berman to the Board of Directors to fill the vacancy created by Mr. McNease's departure.

Independence Contract Drilling, Inc. Announces the Retirement of Daniel F. McNease and Appointment of Brian D.

Live Presentation on April 4, 2023, at 2:00pm Eastern Standard Time HOUSTON , March 29, 2023 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) announced today that Anthony Gallegos, President and Chief Executive Officer, will be participating in the Water Tower Research Fireside Chat Series on Tuesday, April 4, 2023, at 2:00 p.m. eastern standard time.

Independence Contract Drilling to Participate in Water Tower Research Fireside Chat Series

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The Riskiest Investments In Oilfield Services

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Given the uncertainty in energy markets, I believe oilfield services investors should concentrate on quality and profitability. 58 oilfield services equities were screened for profitability based on net income margin; only 33 were profitable over the previous twelve months.

Oilfield Services: Screening And Matrix Evaluation

Dallas, Texas--(Newsfile Corp. - March 6, 2023) - Independence Contract Drilling, Inc (NYSE: ICD): Stonegate Capital Partners updates coverage on Independence Contract Drilling, Inc. The full report can be accessed by clicking on the following link: https://stonegateinc.com/reports/ICD_Q422.pdf To view the full announcement, including downloadable images, bios, and more, click here. Key Takeaways: Operating days and Margin increasing Headwinds in Haynesville market Operating days and Margin increasing Click image above to view full announcement.

Stonegate Capital Partners Updates Coverage on Independence Contract Drilling, Inc (ICD) Q4 2022

Independence Contract Drilling, Inc. (NYSE:ICD ) Q4 2022 Earnings Conference Call March 2, 2023 12:00 PM ET Company Participants Anthony Gallegos - President and Chief Executive Officer Philip Choyce - Executive Vice President and Chief Financial Officer Conference Call Participants Don Crist - Johnson Rice Steve Ferazani - Sidoti Dave Storms - Stonegate Capital Markets David Marsh - Singular Research Jeff Robertson - Water Tower Research Dick Ryan - Oak Ridge Financial Operator Hello and welcome to the Independence Contract Drilling Inc. Fourth Quarter and Year End 2022 Financial Results Conference Call. [Operator Instructions] Please note this event is being recorded.

Independence Contract Drilling, Inc. (ICD) Q4 2022 Earnings Call Transcript

HOUSTON , March 2, 2023 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today reported financial results for the three and twelve months ended December 31, 2022. Fourth quarter 2022 Highlights Net income, as defined below, of $3.5 million, or $0.20 per diluted share.

Independence Contract Drilling, Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2022

HOUSTON , Feb. 24, 2023 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today announced that it will release its fourth quarter and year end 2022 results before the New York Stock Exchange opens on Thursday, March 2, 2023. This release will be followed by a conference call for investors at 11:00 a.m.

Independence Contract Drilling, Inc. Announces Timing of Fourth Quarter and Year End 2022 Financial Results and Conference Call

Higher demand for multi-pad drilling augurs for Independence Contract's 300-series super-spec rigs. Higher rates and rig reactivations by Q1 2023 can improve its operating profit and cash flows.

Independence Contract Drilling: Repricing And Profit Growth Potential Are Alluring

HOUSTON , Jan. 12, 2023 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) announced that Anthony Gallegos, President and Chief Executive Officer, and Philip Choyce, Executive Vice President and Chief Financial Officer, will be virtually presenting and holding one-on-one meetings at the Sidoti Micro-Cap Conference on January 18th-19th, 2023.  The virtual presentation will be webcast at 12:15 p.m.

Independence Contract Drilling to Present at Sidoti Micro-Cap Virtual Conference on January 18th-19th, 2023

Live Presentation on December 8, 2022, at 12:15pm Eastern Standard Time HOUSTON , Dec. 2, 2022 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) announced today it will be presenting at the Singular Research Best of the Uncovered Investor Conference on Thursday, December 8, 2022, at 12:15 p.m. eastern standard time.

Independence Contract Drilling to Participate in The Singular Research Best of the Uncovered Investor Conference on December 8, 2022

HOUSTON , Nov. 22, 2022 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) announced today that Anthony Gallegos, President and Chief Executive Officer, will be presenting at the Emerging Growth Conference on Wednesday, November 30, 2022 at 12:00 p.m. Eastern Standard Time.

Independence Contract Drilling to Present at the Emerging Growth Conference on November 30, 2022

Dallas, Texas--(Newsfile Corp. - November 11, 2022) - Independence Contract Drilling, Inc (NASDAQ: ICD): Stonegate Capital Partners initiates their coverage on Independence Contract Drilling, Inc. The full report can be accessed by clicking on the following link: https://stonegateinc.com/reports/ICD_Initiation.pdf To view the full announcement, including downloadable images, bios, and more, click here.

Stonegate Capital Partners Initiates Coverage on Independence Contract Drilling, Inc (ICD)

HOUSTON, Nov. 3, 2022 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) announced that Anthony Gallegos, President and Chief Executive Officer, will be virtually presenting and holding one-on-one meetings at the Sidoti Micro-Cap Conference on November 9th-10th, 2022.   The virtual presentation will be webcast at 11:30 a.m.

Independence Contract Drilling, Inc. to Present at Sidoti Micro-Cap Virtual Conference on November 9th-10th, 2022

Independence Contract Drilling, Inc. (NYSE:ICD ) Q3 2022 Earnings Conference Call November 1, 2022 12:00 PM ET Company Participants Philip Choyce - Executive Vice President and Chief Financial Officer Anthony Gallegos - President and Chief Executive Officer Conference Call Participants Don Crist - Johnson Rice Steve Ferazani - Sidoti Jeff Robertson - Water Tower Research Dave Storms - Stonegate David Marsh - Singular Research Operator Good day, and welcome to the Independence Contract Drilling Third Quarter 2022 Results Conference Call. All participants will be in listen-only mode.

Independence Contract Drilling, Inc. (ICD) CEO Anthony Gallegos on Q3 2022 Results - Earnings Call Transcript

HOUSTON , Nov. 1, 2022 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today reported financial results for the three months ended September 30, 2022. Third quarter 2022 Highlights Net loss, as defined below, of $7.2 million, or $0.53 per share.

Independence Contract Drilling, Inc. Reports Unaudited Financial Results for the Third Quarter Ended September 30, 2022, Including Record Revenue Per Day and Margin Per Day

Bank of New York Mellon

Z2 Investment Management Brings Flexible Capital to the Lower Middle Market

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