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Stock impact report

SDLP - Seadrill Partners LLC Announces Second Quarter 2019 Results

SEADRILL PARTNERS (SDLP) 
US:NYSE Investor Relations: seadrillpartners.com/investor-relations
Company Research Source: GlobeNewswire
Highlights Operating revenue of $178.5 million. Operating income of $5.0 million. Net loss of $38.8 millionAdjusted EBITDA of $79.8 million. Cash and cash equivalents of $712.1 million.Economic utilization of 84%, below our historical performance standards due to West Auriga downtimeOrder backlog of $692 million as of August 20, 2019.1 cent per common unit distribution for the second quarter of 2019. Subsequent EventsOn July 2, 2019, a one-for-ten reverse unit split was completed. Split-adjusted SDLP common units continue to trade on the New York Stock Exchange under the same ticker symbol "SDLP" and the outstanding amount was reduced from 75,278,250 to approximately 7,527,830. The number of outstanding subordinated units was reduced from 16,543,350 to approximately 1,654,335. Financial Results Overview  Total operating revenues for the second quarter were $178.5 million (1Q19: $203.7 million). The decrease was primarily due to downtime on the West Auriga, idle time on the T-16 af Show less Read more
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