Diamond Offshore Drilling Inc (DO) Reports Q4 2023 Results Amidst Industry Challenges [Yahoo! Finance]
Diamond Offshore Drilling, Inc. (DO)
Last diamond offshore drilling, inc. earnings: 2/10 06:00 am
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US:NYSE Investor Relations:
investor.diamondoffshore.com
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Source: Yahoo! Finance
Net Loss : Reported a net loss of $145.7 million in Q4, consistent with Q3. Adjusted EBITDA : Improved to $72.3 million in Q4 from $27.7 million in Q3. Income Tax Expense : Increased to $174.3 million in Q4 from $125.4 million in Q3. Dayrate and Utilization : Average dayrate increased to $316, with a fleet utilization of 69% and revenue efficiency of 94.9%. Warning! GuruFocus has detected 3 Warning Sign with DO. On February 27, 2024, Diamond Offshore Drilling Inc ( NYSE:DO ) released its 8-K filing , detailing the financial results for the fourth quarter of 2023. The company, a global leader in offshore drilling with a fleet of 12 rigs, reported a significant increase in revenue to $297.6 million, up from $244.9 million in the previous quarter. This increase was primarily attributed to new contract commencements and operational improvements. Despite the revenue growth, Diamond Offshore faced a net loss of $145.7 million, which remained consistent with the previous quarter
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News
- DIAMOND OFFSHORE TO RELEASE FIRST QUARTER 2024 RESULTSPR Newswire
- There's Been No Shortage Of Growth Recently For Diamond Offshore Drilling's (NYSE:DO) Returns On Capital [Yahoo! Finance]Yahoo! Finance
- Diamond Offshore Drilling: Investors Should Look Beyond Recent Rig Incident Impact - Buy [Seeking Alpha]Seeking Alpha
- Diamond Offshore (DO) Secures Additional Backlog Worth $350M [Yahoo! Finance]Yahoo! Finance
- DIAMOND OFFSHORE ANNOUNCES NEW DRILLSHIP COMMITMENTPR Newswire
DO
Earnings
- 2/27/24 - Miss