Independence Contract Drilling, Inc.
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HOUSTON, Aug. 28, 2024 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") announced today the expected move of trading of the Company's Common Stock to the OTCQX Best Market from the New York Stock Exchange ("NYSE"). The Common Stock is expected to begin trading on the OTCQX Best Market under ticker symbol "ICDI" upon the opening of trading on August 29, 2024. The move from the NYSE is precipitated from the Company's average market capitalization, or total trading value, falling below the $15 million threshold over a 30 trading-day period that is required to remain in compliance with the NYSE's listing standards.
HOUSTON, Aug. 7, 2024 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today reported financial results for the three months ended June 30, 2024.
Second quarter 2024 Highlights
Net loss of $16.7 million, or $1.15 per shareAdjusted net loss, as defined below, of $10.6 million, or $0.73 per shareAdjusted EBITDA, as defined below, of $8.5 million, representing a 28% sequential decreaseAdjusted net debt, as defined below, of $196.7 million, representing a 3% sequential increase14.5 average rigs working during the quarter, representing a 4% sequential decreaseFully burdened margin per day of $9,675, representing a 18% sequential decreaseHOUSTON, May 1, 2024 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today reported financial results for the three months ended March 31, 2024.
First quarter 2024 Highlights
Net loss of $9.0 million, or $0.62 per shareAdjusted net loss, as defined below, of $7.3 million, or $0.50 per shareAdjusted EBITDA, as defined below, of $11.8 millionAdjusted net debt, as defined below, of $190.3 million15.1 average rigs working during the quarterFully burdened margin per day of $11,829HOUSTON, April 23, 2024 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today announced that it will release its first quarter 2024 results before the New York Stock Exchange opens on Wednesday, May 1, 2024. This release will be followed by a conference call for investors at 11:00 a.m. Central Time (12:00 p.m. Eastern Time) to discuss the Company's first quarter 2024 results.
The call can be accessed live over the telephone by dialing (855) 239-3115 or for international callers, (412) 542-4125. A replay will be available shortly after the call and can be accessed by dialing (877) 344-7529 or for international callers, (412) 317-0088. The passcode for the replay is 1527425. The replay will be available until May 8, 2024.
HOUSTON, March 21, 2024 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) previously disclosed that ICD's Board of Directors ("Board") has initiated a formal review process to begin evaluating alternatives with respect to refinancing its convertible notes and other strategic opportunities and formed a committee of independent directors for that purpose. Today, ICD is announcing that the Strategic Alternatives Committee of the Board has engaged Piper Sandler & Co. as financial advisor to the committee to assist in this evaluation process.
HOUSTON, Feb. 28, 2024 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today reported financial results for the three and twelve months ended December 31, 2023.
Fourth quarter 2023 Highlights
Net loss of $26.0 million, or $1.84 per shareAdjusted net loss, as defined below, of $8.6 million, or $0.61 per shareAdjusted EBITDA, as defined below, of $9.9 million, including $2.1 million of costs associated with rig reactivations and transitionsAdjusted net debt, as defined below, of $179.1 million14.9 average rigs working during the quarterFully burdened margin per day of $12,313HOUSTON, Feb. 20, 2024 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today announced that it will release its fourth quarter and year end 2023 results before the New York Stock Exchange opens on Wednesday, February 28, 2024. This release will be followed by a conference call for investors at 11:00 a.m. Central Time (12:00 p.m. Eastern Time) to discuss the Company's fourth quarter and year end 2023 results.
The call can be accessed live over the telephone by dialing (855) 239-3115 or for international callers, (412) 542-4125. A replay will be available shortly after the call and can be accessed by dialing (877) 344-7529 or for international callers, (412) 317-0088. The passcode for the replay is 4798268. The replay will be available until March 6, 2024.
HOUSTON, Nov. 10, 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 & Chief Financial Officer, will be virtually presenting and holding one-on-one meetings at the Sidoti Micro-Cap Conference on November 15 and 16, 2023.
The virtual presentation will be webcast at 12:15pm eastern standard time on Wednesday, November 15, 2023 and can be accessed live at https://sidoti.zoom.us/webinar/register/WN_c1FXM1ijQpCTxSz1zKlwqA#/registration.
HOUSTON, Nov. 1, 2023 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today reported financial results for the three months ended September 30, 2023.
Third quarter 2023 Highlights
Net loss, as defined below, of $7.6 million, or $0.54 per shareAdjusted net loss, as defined below, of $5.2 million, or $0.37 per shareAdjusted EBITDA, as defined below, of $12.9 millionAdjusted net debt, as defined below, of $183.2 million13.4 average rigs working during the quarterFully burdened margin per day of $14,005HOUSTON, Oct. 30, 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 Thursday, November 2, 2023 at 12:00 p.m. eastern standard time.
In order to attend this real-time, interactive presentation and receive any updates that are released, interested parties should register at the following link: https://goto.webcasts.com/starthere.jsp?ei=1603286&tp_key=f701725cb0&sti=icd
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