Independence Contract Drilling
ICD

Delisted

ICD was delisted on the 29th of August, 2024.

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About: Independence Contract Drilling Inc is engaged in providing land-based contract drilling services for oil and natural gas producers. The company constructs its own and operates a premium land rig fleet. It develops and assembles its ShaleDriller series rig which is used for the development of oil and gas properties. The company's customers for contract drilling services in the United States include oil and natural gas companies, independent oil and natural gas companies, as well as various small to mid-sized publicly traded and privately held oil and gas companies.

Employees: 450

Energy Drilling Oil & Gas Wells

Financial journalist opinion

Independence Contract Drilling, Inc. Announces Commencement of Trading on the OTCQX Best Market under the Symbol ICDI Effective August 29, 2024

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.

Independence Contract Drilling, Inc. Announces Commencement of Trading on the OTCQX Best Market under the Symbol ICDI Effective August 29, 2024

Stonegate Updates Coverage on Independence Contract Drilling, Inc. (ICD) 2Q24

Dallas, Texas--(Newsfile Corp. - August 9, 2024) - Independence Contract Drilling, Inc. (NYSE: ICD) Stonegate Capital Partners Updates Coverage on Independence Contract Drilling, Inc. (NYSE: ICD). To view the full announcement, including downloadable images, bios, and more, click here.

Stonegate Updates Coverage on Independence Contract Drilling, Inc. (ICD) 2Q24

Zacks Investment Research

Independent Contract Drilling (ICD) Reports Q2 Loss, Tops Revenue Estimates

Independent Contract Drilling (ICD) came out with a quarterly loss of $0.73 per share versus the Zacks Consensus Estimate of a loss of $0.76. This compares to loss of $0.07 per share a year ago.

Independent Contract Drilling (ICD) Reports Q2 Loss, Tops Revenue Estimates

Independence Contract Drilling, Inc. Reports Financial Results for the Second Quarter Ended June 30, 2024

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 share Adjusted net loss, as defined below, of $10.6 million, or $0.73 per share Adjusted EBITDA, as defined below, of $8.5 million, representing a 28% sequential decrease Adjusted net debt, as defined below, of $196.7 million, representing a 3% sequential increase 14.5 average rigs working during the quarter, representing a 4% sequential decrease Fully burdened margin per day of $9,675, representing a 18% sequential decrease In the second quarter of 2024, the Company reported revenues of $43.3 million, net loss of $16.7 million, or $1.15 per share, adjusted net loss (defined below) of $10.6 million, or $0.73 per share, and adjusted EBITDA (defined below) of $8.5 million.

Independence Contract Drilling, Inc. Reports Financial Results for the Second Quarter Ended June 30, 2024

Stonegate Capital Partners Updates Coverage on Independence Contract Drilling, Inc (ICD) Q1 2024

Dallas, Texas--(Newsfile Corp. - May 2, 2024) - Independence Contract Drilling, Inc (NYSE: ICD): Stonegate Capital Partners updates coverage on Independence Contract Drilling, Inc. To view the full announcement, including downloadable images, bios, and more, click here. Key Takeaways: $3.5M of convertible notes redeemed at par One more rig moved to Permian Basin from Haynesville Strong liquidity position of $20.4M Click image above to view full announcement.

Stonegate Capital Partners Updates Coverage on Independence Contract Drilling, Inc (ICD) Q1 2024

Independence Contract Drilling, Inc. (ICD) Q1 2024 Earnings Call Transcript

Independence Contract Drilling, Inc. (NYSE:ICD ) Q1 2024 Results Conference Call May 1, 2024 12:00 PM ET Company Participants Philip Choyce - Executive Vice President and CFO Anthony Gallegos - President and CEO Conference Call Participants Alex Hantman - Sidoti & Co. Don Crist - Johnson Rice David Storms - Stonegate Capital Operator Good day, and welcome to the Independence Contract Drilling, Inc. First Quarter 2024 Financial Results and Conference Call. [Operator Instructions] Please note, this event is being recorded.

Independence Contract Drilling, Inc. (ICD) Q1 2024 Earnings Call Transcript

Zacks Investment Research

Independent Contract Drilling (ICD) Reports Q1 Loss, Tops Revenue Estimates

Independent Contract Drilling (ICD) came out with a quarterly loss of $0.50 per share versus the Zacks Consensus Estimate of a loss of $0.73. This compares to earnings of $0.14 per share a year ago.

Independent Contract Drilling (ICD) Reports Q1 Loss, Tops Revenue Estimates

Independence Contract Drilling, Inc. Reports Financial Results for the First Quarter Ended March 31, 2024

HOUSTON , 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 share Adjusted net loss, as defined below, of $7.3 million, or $0.50 per share Adjusted EBITDA, as defined below, of $11.8 million Adjusted net debt, as defined below, of $190.3 million 15.1 average rigs working during the quarter Fully burdened margin per day of $11,829 In the first quarter of 2024, the Company reported revenues of $46.6 million, net loss of $9.0 million, or $0.62 per share, adjusted net loss (defined below) of $7.3 million, or $0.50 per share, and adjusted EBITDA (defined below) of $11.8 million.

Independence Contract Drilling, Inc. Reports Financial Results for the First Quarter Ended March 31, 2024

Independence Contract Drilling, Inc. Announces Timing of First Quarter 2024 Financial Results and Conference Call

HOUSTON , 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.

Independence Contract Drilling, Inc. Announces Timing of First Quarter 2024 Financial Results and Conference Call

INDEPENDENCE CONTRACT DRILLING, INC. ENGAGES PIPER SANDLER & CO.

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.

INDEPENDENCE CONTRACT DRILLING, INC. ENGAGES PIPER SANDLER & CO.

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