Diamond Offshore Drilling Inc (N:DO)
Business Focus: Oil & Gas Drilling
| Sector: Energy | Industry: Oil & Gas Drilling |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 777 N Eldridge Pkwy, Suite 1100 HOUSTON TX 77079 |
| Tel: | 1-281-6474035 |
| Website: | https://www.diamondoffshore.com |
| IR: | See website |
| Key People | ||
| Bernie G. Wolford President, Chief Executive Officer, Director | Dominic A. Savarino Chief Financial Officer, Senior Vice President | Jon L. Richards Chief Operating Officer, Senior Vice President | David L. Roland Senior Vice President, General Counsel, Secretary |
| Business Overview |
| Diamond Offshore Drilling, Inc. provides offshore drilling services. The Company provides contract drilling services to the energy industry around the globe with a fleet of approximately 13 offshore drilling rigs, consisting of four owned drill ships, seven owned semisubmersible rigs and two managed rigs. The Company also provides management and marketing services. It provides offshore drilling services to a customer base that includes independent oil and gas companies and government-owned oil companies. The Company's fleet enables it to offer services in the floater market on a worldwide basis. The principal markets for its offshore contract drilling services are the Gulf of Mexico, including the United States, and Mexico; Canada; South America, principally offshore Brazil; Australia and Southeast Asia; Europe, principally offshore the United Kingdom; East and West Africa, and the Mediterranean. Its semisubmersible rigs include Ocean Apex, Ocean Onyx, Ocean Valiant and Ocean Patriot. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Diamond Offshore Drilling Inc revenues increased 26% to $1.06B. Net loss decreased 57% to $44.7M. Revenues reflect United States segment increase of 38% to $549.9M, United Kingdom segment increase from $74.6M to $183.6M. Lower net loss reflects Interest Income increase from $18K to $1.6M (income), Int exp on Financial Lease Liabilities decrease of 11% to $9.3M (expense). |
| Employees: | 2,140 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,930M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,056M as of Dec 31, 2023 |
| EBITDA (TTM): | $157.98M as of Dec 31, 2023 |
| Net annual income (TTM): | -$44.71M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$119.67M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $538.22M as of Dec 31, 2023 |
| Shares outstanding: | 102,466,864 as of Mar 15, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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