Welcome to our dedicated page for Independence Contract Drilling news (Ticker: ICD), a resource for investors and traders seeking the latest updates and insights on Independence Contract Drilling stock.
Independence Contract Drilling, Inc. (ICD) delivers premium land drilling services through advanced ShaleDriller rigs and programmable AC technology. This news hub provides timely updates on operational milestones, technical innovations, and strategic developments critical to energy sector stakeholders.
Access comprehensive coverage of ICD's earnings reports, partnership announcements, and drilling efficiency advancements. Investors and industry professionals will find verified press releases detailing the company's vertical integration model and global operations across US shale plays and international markets.
Our curated news collection ensures transparent access to ICD's progress in AC-driven drilling solutions and cost optimization strategies. Bookmark this page for reliable updates on technological breakthroughs and market positioning within the oil and gas sector.
Independence Contract Drilling, Inc. (NYSE: ICD) will release its first quarter 2023 financial results on May 9, 2023, prior to the NYSE opening. A conference call is scheduled for 11:00 a.m. CT to discuss the results. Investors can listen via telephone or a live webcast on the company's website. A replay will be available for 30 days after the call. Independence Contract Drilling provides land-based contract drilling services to oil and natural gas producers in the U.S., operating a fleet of specialized rigs designed to enhance production and cash flow. For further details, visit www.icdrilling.com.
Independence Contract Drilling (NYSE: ICD) announced the retirement of Daniel F. McNease from its Board of Directors, effective immediately, citing personal reasons. McNease had served since 2012 and was Chairman since 2019. James G. Minmier, a director since 2018, has been appointed as the new Chairman. To replace McNease, Brian D. Berman has been elected to the Board. CEO J. Anthony Gallegos praised McNease for his invaluable leadership during challenging market cycles and expressed optimism about ICD's future, highlighting improved financial performance and a robust balance sheet post-pandemic. Berman, a founding partner at Glendon Capital Management, brings significant experience from Barclays and Oaktree Capital, which may bolster ICD’s strategic direction.
Independence Contract Drilling (NYSE: ICD) will participate in a live presentation on April 4, 2023, at 2:00 PM EST during the Water Tower Research Fireside Chat Series. Anthony Gallegos, the President and CEO, will discuss key topics including:
- Commodity price volatility
- Effects of E&P operators' plans on demand for ICD's rigs
- Incremental rig reactivations
- Pathway to balance sheet deleveraging
This event is open to all investors and replays will be available post-event. Registration is available via the provided link.
Independence Contract Drilling (ICD) reported financial results for Q4 and the year ending December 31, 2022. The company achieved net income of $3.5 million or $0.20 per diluted share, with revenues of $60.3 million, reflecting significant growth from the previous year. Adjusted EBITDA rose to $18.5 million, a 48% sequential improvement. Despite operational challenges, ICD has transitioned rigs from the Haynesville market to the Permian Basin, aligning with stronger drilling activity. The company plans a 2023 capital expenditure budget of $30.4 million and anticipates further revenue growth and margin improvements.
Independence Contract Drilling (NYSE: ICD) will release its fourth quarter and year-end 2022 financial results before the NYSE opens on March 2, 2023. A conference call for investors is scheduled for 11:00 a.m. CT on the same day to discuss these results. Investors can access the call via telephone or a simultaneous webcast, available on the company’s website. A replay will be available shortly after the call until March 9, 2023. Independence Contract Drilling provides land-based drilling services, focusing on enhancing production and cash flows for oil and natural gas producers in the United States.
Independence Contract Drilling (ICD) will present at the Sidoti Micro-Cap Conference on January 18-19, 2023. The virtual presentation is scheduled for 12:15 p.m. Eastern Time on January 18 and will be accessible at the provided link. Following the event, the presentation can be viewed for 90 days. Interested participants can register and request one-on-one meetings through the provided conference website. ICD specializes in land-based contract drilling for oil and natural gas, operating a fleet of ShaleDriller rigs designed to enhance production efficiency.
Independence Contract Drilling (ICD) will present at the Singular Research Best of the Uncovered Investor Conference on December 8, 2022, at 12:15 PM EST. This event will provide insights into ICD's operations in land-based contract drilling for oil and natural gas producers in the United States. Interested parties can register for the event here. For more details about ICD's services and operations, visit www.icdrilling.com.
Independence Contract Drilling (ICD) announced that President and CEO Anthony Gallegos will present at the Emerging Growth Conference on November 30, 2022, at 12:00 p.m. EST. Interested parties can register for the event through a provided link. An archived webcast will also be available on both the Emerging Growth Conference and ICD's investor relations page. The conference aims to connect public companies with investors to showcase new products and services while focusing on companies with strong growth potential.
