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

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

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

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

HOUSTON , Oct. 12, 2022 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today announced that it will release its third quarter 2022 results before the New York Stock Exchange opens on Tuesday, November 1, 2022. This release will be followed by a conference call for investors at 11:00 a.m.

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

Independence Contract Drilling plans to add two additional 300 series rigs in 2022 and six more in 2023. The demand for advanced rigs is still not robust, but the environment is changing fast with multi-pad drilling.

Independence Contract Drilling: Rig Reactivation And Margin Expansion Will Drive It

DMC Global

Borr Drilling Ltd

ChampionX

Core Laboratories Inc

Diamond Offshore Drilling Inc

Dawson Geophysical

ENGlobal

Forum Energy Technologies

Flotek Industries

Geospace Technologies

Gulf Island Fabrication

Helix Energy Solutions Group

Liberty Oilfield Services

Noble Corp PLC

NexTier Oilfield Solutions Inc

Newpark Resources

VanEck Vectors Oil Services ETF

Profire Energy

Transocean

Schlumberger

U.S. Silica Holdings

Smart Sand

Tenaris S.A.

Valaris Ltd

Bristow Group Inc. 

SPDR S&P Oil & Gas Equipment & Services ETF

Even though energy has been the best performing sector of the year by a large margin, deep values remain in under-covered and small cap oilfield services. Fifty-three oilfield service equities were evaluated using a value matrix including factors for value, growth, profitability, ownership, and debt.

Oil Field Services: Value Matrix, Momentum, And Market Cap Analysis

HOUSTON , Aug. 29, 2022 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) was recognized with the top ranking for service and professionalism in EnergyPoint Research's 2022 Land Drilling Customer Satisfaction Survey published August 25, 2022.  This independent annual survey is the industry benchmark for measuring customer satisfaction across the land contract drilling industry and is comprised of thousands of in-depth evaluations.

Independence Contract Drilling Awarded #1 Ranking for Service and Professionalism in EnergyPoint Research's Land Drilling Customer Satisfaction Survey for the Fifth Consecutive Year

HOUSTON , Aug. 16, 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 August 17-18, 2022.  The virtual presentation will be webcast at 12:15pm eastern standard time on August 18, 2022 and can be accessed live at https://sidoti.zoom.us/webinar/register/WN_v329BfsTQhORFlWeSrs8Qg.

Independence Contract Drilling to Present at Sidoti Micro-Cap Virtual Conference on August 17-18, 2022

Independence Contract Drilling, Inc. (NYSE:ICD ) Q2 2022 Results Conference Call August 4, 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 Jeff Robertson - Water Tower Research Operator Good day, and welcome to the Independence Contract Drilling Second Quarter 2022 Financial Results and Conference Call. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions.

Independence Contract Drilling, Inc. (ICD) CEO Anthony Gallegos on Q2 2022 Results - Earnings Call Transcript

HOUSTON , Aug. 5, 2022 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) announced that Anthony Gallegos, President and Chief Executive Officer, will be presenting at EnerCom Denver on Monday August 8, 2022 at 3:45 pm MDT. Interested parties can listen to the webcast by registering at the following URL: https://www.enercomdenver.com/ A replay will be available on the Independence Contract Drilling website, www.icdrilling.com, following the presentation About Independence Contract Drilling, Inc. Independence Contract Drilling provides land-based contract drilling services for oil and natural gas producers in the United States.

Independence Contract Drilling to Present at EnerCom Denver

HOUSTON , Aug. 4, 2022 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today reported financial results for the three months ended June 30, 2022. Second quarter 2022 Highlights Net loss, as defined below, of $2.8 million, or $0.21 per share.

Independence Contract Drilling, Inc. Reports Unaudited Financial Results for the Second Quarter Ended June 30, 2022 and Announces Initiation of 200 Series-to-300 Series Conversion Program and Increase in Marketed Rigs from 24 to 26

HOUSTON , July 18, 2022 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today announced that it will release its second quarter 2022 results before the New York Stock Exchange opens on Thursday, August 4, 2022. 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 2022 Financial Results and Conference Call

HOUSTON , July 1, 2022 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today announced that its Board of Directors elected Robert J. Barrett, IV to its Board of Directors.

Independence Contract Drilling Adds Robert Barrett to its Board of Directors

HOUSTON , May 16, 2022 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today announced a correction to its press release issued on May 5, 2022, announcing the Company's unaudited financial results for the first quarter ended March 31, 2022. The correction to the press release had no negative impact on the Company's revenues, revenue or cost per day, cash flows, adjusted net loss, or Adjusted EBITDA reported in the press release.

Correction to Press Release Announcing Financial Results For the First Quarter Ended March 31, 2022

Independence Contract Drilling, Inc. (NYSE:ICD ) Q1 2022 Earnings Conference Call May 5, 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 Operator Good day and welcome to the Independence Contract Drilling, Incorporated First Quarter 2022 Financial Results and Conference Call. [Operator Instructions] I would now like to turn the call over to Mr.

Independence Contract Drilling's (ICD) CEO Anthony Gallegos on Q1 2022 Results -Earnings Call Transcript

HOUSTON , May 5, 2022 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today reported financial results for the three months ended March 31, 2022. First quarter 2022 Highlights Net loss, as defined below, of $12.2 million, or $1.08 per share.

Independence Contract Drilling, Inc. Reports Unaudited Financial Results For The First Quarter Ended March 31, 2022

HOUSTON , April 28, 2022 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today announced that it will release its first quarter 2022 results before the New York Stock Exchange opens on Thursday, May 5, 2022. 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 2022 Financial Results and Conference Call

Independence Contract Drilling has several 300 Series rigs in its marketed supply inventory which can fetch a higher margin.

Independence Contract Drilling: Better Quality Rigs And Repricing Will Outdo Cash Flow Concerns

HOUSTON , March 24, 2022 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) announced today that Anthony Gallegos, President & Chief Executive Officer, has been invited to present at the 2022 Virtual Growth Conference, presented by Maxim Group LLC and hosted by M-Vest, on March 28th - 30th from 9:00 a.m. - 5:00 p.m.

Independence Contract Drilling, Inc. To Participate In The 2022 Virtual Growth Conference Presented By Maxim Group LLC And Hosted By M-Vest On March 28th-30th From 9:00A.M. - 5:00PM EDT

HOUSTON, March 18, 2022 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today announced that it has entered into a comprehensive refinancing of its term loan indebtedness pursuant to the private placement of $157.5 million aggregate principal amount of Floating Rate Convertible Senior Secured PIK Toggle Notes due 2026 (the "Notes") to affiliates of MSD Partners, L.P. and Glendon Capital Management L.P.

INDEPENDENCE CONTRACT DRILLING, INC. ANNOUNCES COMPREHENSIVE REFINANCING OF ITS TERM LOAN INDEBTEDNESS AND PLANS FOR ADDITIONAL RIG REACTIVATIONS

Independence Contract Drilling, Inc. (ICD) CEO Anthony Gallegos on Q4 2021 Results - Earnings Call Transcript

HOUSTON, March 7, 2022 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today reported financial results for the three and twelve months ended December 31, 2021. Fourth quarter 2021 Highlights Net loss, as defined below, of $31.5 million, or $3.23 per share.

Independence Contract Drilling, Inc. Reports Unaudited Financial Results For The Fourth Quarter and Year Ended December 31, 2021

HOUSTON, Feb. 24, 2022 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today announced that it will release its fourth quarter and year end 2021 results before the New York Stock Exchange opens on Monday, March 7, 2022. 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 2021 Financial Results and Conference Call

Independence Contract Drilling, Inc. (ICD) CEO John Gallegos on Q3 2021 Results - Earnings Call Transcript

HOUSTON, Nov. 2, 2021 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today reported financial results for the three months ended September 30, 2021. Third quarter 2021 Highlights Net loss, as defined below, of $4.3 million, or $0.59 per share.

Independence Contract Drilling, Inc. Reports Financial Results For The Third Quarter Ended September 30, 2021

HOUSTON, Oct. 22, 2021 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today announced that it will release its third quarter 2021 results before the New York Stock Exchange opens on Tuesday, November 2, 2021. This release will be followed by a conference call for investors at 11:00 a.m.

Independence Contract Drilling, Inc. Announces Timing of Third Quarter 2021 Financial Results and Conference Call

HOUSTON, Sept. 20, 2021 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today announced that it has signed a drilling contract for the reactivation of its 16th rig which will work in the Permian Basin, with a scheduled start date in mid-October 2021.

Independence Contract Drilling, Inc. Announces Continued Dayrate Progression and Progress on Rig Reactivation Plans

HOUSTON, Aug. 16, 2021 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today announced that it will be participating at EnerCom's The Oil and Gas Conference to be held on Monday, August 16 th through Wednesday, August 18 th, 2021.  The Company will be presenting at the conference on Wednesday, August 18 th, 2021 at 10:00 am MT/11:00 am CT.

Independence Contract Drilling, Inc. to Present at EnerCom's The Oil and Gas Conference

News for Independence Contract Drilling Stock (ICD)