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Digging into Rowan Companies’ 1Q18 Revenue

Sue Goodridge
Digging into Rowan Companies’ 1Q18 Revenue

Rowan Companies (RDC) has two main operating segments—Ultra-Deepwater Drillships and Jack-Up Drilling Rigs. The company’s total drilling revenue in 1Q18 was $211.2 million—28.7% lower its 4Q17 revenue of $296 million. Excluding rebillables, its 1Q18 revenue was $194 million, down $89 million from the previous quarter.