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 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 $11,829In 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 $