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 (ICD) will participate in the Water Tower Research Fireside Chat Series on November 17, 2022, at 2:00 PM EST. CEO Anthony Gallegos will discuss key topics including ICD's advanced fleet of drilling rigs, market dynamics affecting premium rig demand, and strategies for enhancing EBITDA and financial health. The event is open to all investors, with replays available post-event. Interested parties can register for the event via the provided link.
Independence Contract Drilling (ICD) announced that its CEO, Anthony Gallegos, will present at the Sidoti Micro-Cap Conference on November 9-10, 2022. The virtual presentation is scheduled for 11:30 a.m. ET on November 10 and will be accessible via webcast. The presentation will remain available for 90 days post-event. Interested parties can register for the presentation or schedule one-on-one meetings by visiting Sidoti's website.
Independence Contract Drilling (ICD) reported a net loss of $7.2 million ($0.53 per share) for Q3 2022, compared to a net loss of $4.3 million in Q3 2021. Revenues rose to $49.1 million, up from $24.0 million year-over-year, and adjusted EBITDA improved to $12.5 million, a 35% increase sequentially. Average rigs working during the quarter was 17.4, with a backlog of $101.6 million for long-term contracts. The company anticipates further margin growth, projecting a 10-15% increase for Q4 2022.
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Independence Contract Drilling (NYSE: ICD) will announce its third quarter 2022 results before the market opens on November 1, 2022. A conference call for investors is scheduled for 11:00 a.m. CT. Participants can access the call via phone or through a live webcast on the company's website. A replay will be available after the call until November 8, 2022.
The company offers land-based contract drilling services tailored for oil and gas producers in the U.S., operating a fleet of advanced rigs designed for efficiency.
Independence Contract Drilling (ICD) will participate in the Sidoti Micro-Cap Conference on August 17-18, 2022. CEO Anthony Gallegos will deliver a virtual presentation at 12:15 PM EST on August 18, accessible via a live webcast. The presentation will be available for 90 days post-event. Interested parties can register for the presentation and request one-on-one meetings through the Sidoti website. ICD specializes in land-based contract drilling services, providing engineered ShaleDriller rigs to enhance oil and gas production.
Independence Contract Drilling (NYSE: ICD) will present at EnerCom Denver on August 8, 2022, at 3:45 pm MDT. CEO Anthony Gallegos will lead the presentation, which interested parties can access via webcast registration. A replay will be available on the company's website following the event. Independence Contract Drilling specializes in providing land-based drilling services for oil and natural gas producers in the United States, focusing on innovative ShaleDriller rigs.
Independence Contract Drilling (ICD) reported a net loss of $2.8 million or $0.21 per share for Q2 2022, compared to a loss of $14.9 million in Q2 2021. Revenues rose to $42.3 million, up from $19.8 million year-over-year. Adjusted EBITDA improved significantly at $9.2 million, reflecting a 158% increase sequentially. Rig utilization stood at 71%. ICD expects further margin improvements, driven by reactivating additional rigs and enhancing its fleet to meet 300 series specifications.
Independence Contract Drilling (NYSE: ICD) will release its second quarter 2022 results before market opening on August 4, 2022. Following the release, an investor conference call is scheduled for 11:00 a.m. CT to discuss the financial results. Investors can access the call by phone or through a webcast available on the company's website, with a replay option available post-call until August 11, 2022. The company provides contract drilling services for oil and natural gas producers across the U.S.
