Seadrill beats on earnings. Diluted earnings per share came in at 77 cents, comfortably above the Zacks Consensus Estimate of 59 ...
Seadrill Ltd, declares Second Quarter 2015 Results:
EBITDA of US$651 million
93% economic utilization
Net income of $423 million and diluted earnings per share of $0.77
The West Tellus and West Carina drillships commenced operations with Petrobras in Brazil on three year contracts
Deferred the deliveries of two drillships presently under construction, the West Draco and West Dorado, until the end of the first quarter of 2017
Deferred the deliveries of eight jack-ups presently under construction into 2016 and 2017
Agreed to a revised leverage ratio with our banking group
The West Polaris drillship was sold to Seadrill Partners
The Seadrill Group achieved 94% economic utilization
Seadrill Group orderbacklog of about $14.0 billion
Seadrill Group cash savings of about $500 million predictable during 2015
Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates through Floaters and Jack-up Rigs segments.
Earnings: Seadrill beats on earnings. Diluted earnings per share came in at 77 cents, comfortably above the Zacks Consensus Estimate of 59 cents.
Revenue: Revenues misses expectations. Revenues of $1,147 million failed to meet the Zacks Consensus Estimate of $1,173 million.
where ..you morooooooones
this will be over $12 by may 2016