Diamond Offshore Drilling Inc

Diamond Offshore Drilling, Inc. engages in offshore drilling, which also provides contract drilling services to the energy industry around the globe. The firm's fleet of offshore drilling rigs consists of drill ships and semisubmersibles rigs. It serves to oil and gas companies, and government-owned oil companies. The company was founded on April 12, 1989 and is headquartered in Houston, TX.

Earnings data Q4 2019

Earnings data Q2 2022

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Diamond Offshore Drilling reports Q4 loss but sees growth opportunities

Diamond Offshore Drilling Inc faced a net loss in Q4 2022 but highlighted strong operational performance and market opportunities.
The company's balance sheet strength and positive market outlook position it well for future growth.
Challenges include financial losses and the need for strategic adjustments, while opportunities lie in revenue growth and market demand.

Diamond Offshore Drilling reports solid Q1 performance and growth opportunities

Diamond Offshore Drilling delivered a strong performance in Q1 2023, supported by revenue growth, new contract wins, and positive market trends.
While facing challenges in capital structure and market dynamics, the company remains focused on operational excellence and growth opportunities.
With a robust backlog, strategic guidance, and a proactive approach to investments, Diamond Offshore Drilling is poised for continued success in the offshore drilling industry.

Diamond Offshore Drilling Inc reports stable Q2 performance and eyes growth opportunities

Diamond Offshore Drilling Inc's Q2 2023 performance was stable, with revenue of $282 million and adjusted EBITDA of $36 million.
The company anticipates growth in the fourth quarter and beyond, with positive market outlook and strategic initiatives for fleet expansion.
While facing near-term challenges, Diamond Offshore Drilling Inc is well-positioned to capitalize on opportunities in the offshore drilling industry for sustained success.

Diamond Offshore Drilling reports Q3 loss, eyes growth in 2024

DO's Q3 performance showed mixed results with a net loss, but the company remains optimistic about future growth and operational efficiencies.
The successful bond offering and refinancing transaction demonstrate DO's commitment to improving its capital structure and seizing opportunities.
With a focus on value creation from assets and active bidding for contracts, DO is poised for growth and stability in the coming quarters.

Diamond Offshore exceeds Q4 guidance, navigates challenges, and eyes growth

Diamond Offshore Drilling Inc delivered a strong performance in Q4 2023, driven by operational efficiency and new contract awards, despite challenges from the GreatWhite incident.
The company's financial outlook remains positive, supported by a robust market outlook, significant contract awards, and strong contract coverage for 2024.
While facing challenges from the incident, Diamond Offshore is well-positioned to capitalize on opportunities presented by clients prioritizing longer-term contracts and market dynamics.

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Diamond Offshore Drilling is a global offshore oil and gas drilling contractor. The company has a fleet of 44 offshore drilling rigs, consisting of 32 semisubmersibles, seven jack-ups, and five dynamically positioned drillships, four of which are under construction. The Company’s jack-ups include Ocean King, Ocean Nugget, Ocean Scepter, Ocean Spartan, Ocean Spur, Ocean Summit and Ocean Titan. Its Deepwater Semisubmersibles include Ocean Alliance, Ocean America, Ocean Apex, Ocean Onyx, Ocean Valiant, and Ocean Star. Ultra-deepwater semisubmersibles include Ocean Valor, Ocean Courage, Ocean Monarch, Ocean Baroness, and Ocean Confidence. Ultra-deepwater drillships include Ocean BlackLion, Ocean BlackRhino, Ocean BlackHornet, and Ocean Clipper. Mid-Water Semisubmersibles include Ocean Winner, Ocean Quest, Ocean Concord, Ocean Guardian, Ocean Whittington, and Ocean Yorktown.

Awarded $212 million in New Contracts Ocean GreatWhite Completes Reactivation and Commences Contract Performance Bonus Earned by Senegal Rigs for Third Consecutive Quarter Revenue and Adjusted EBITDA increased compared to the 4th quarter 2022 HOUSTON , May 8, 2023 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today reported the following results for the first quarter of 2023: Three Months Ended Thousands of dollars, except per share data March 31, 2023 December 31, 2022 Total revenues $ 232,021 $ 223,264 Operating loss (4,960) (12,191) Adjusted EBITDA 21,733 12,480 Net income (loss) 7,229 (52,438) Income (loss) per diluted share $ 0.07 $ (0.52) Diamond Offshore announced contract awards for the 7th generation drillship Ocean BlackHawk in the U.S. Gulf of Mexico and the harsh environment semisubmersibles, Ocean Patriot, Ocean Endeavor and Ocean GreatWhite in the U.K. North Sea.  The $212 million in contract awards for the Company is in addition to the $1.6 billion of backlog reported as of April 1, 2023.

Diamond Offshore Reports First Quarter 2023 Results and Announces Contract Awards of $212 Million

HOUSTON , April 18, 2023 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that it will release its first quarter 2023 operating results on Monday, May 8, 2023 after the market closes. The Company has scheduled a conference call and webcast for Tuesday, May 9, 2023 at 8:00 a.m.

DIAMOND OFFSHORE TO RELEASE FIRST QUARTER 2023 RESULTS

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Diamond Offshore Drilling, Inc. (NYSE:DO ) Q4 2022 Earnings Conference Call February 28, 2023 9:00 AM ET Company Participants Kevin Bordosky - Senior Director, Investor Relations Bernie Wolford - President and Chief Executive Officer Dominic Savarino - Senior Vice President and Chief Financial Officer Conference Call Participants Eddie Kim - Barclays David Smith - Pickering Energy Operator Good day and thank you for standing by. Welcome to the Q4 2022 Diamond Offshore Drilling Earnings Conference Call.

Diamond Offshore Drilling, Inc. (DO) Q4 2022 Earnings Call Transcript

Added $482  Million of Backlog in Fourth Quarter Earned Sixth Performance Bonus in Senegal Progressed Ocean GreatWhite Reactivation HOUSTON , Feb. 27, 2023 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today reported the following results for the fourth quarter of 2022: Three Months Ended Thousands of dollars, except per share data December 31, 2022 September 30, 2022 Total revenues $ 223,264 $ 226,073 Operating loss (12,191) (7,575) Adjusted EBITDA 12,480 18,421 Net (loss) income (52,438) 5,510 (Loss) income per diluted share $ (0.52) $ 0.05   Bernie Wolford, Jr., President and Chief Executive Officer, stated "Diamond delivered another strong operational quarter with 96.4% revenue efficiency and industry-leading safety performance. This completes a strong year in which our overall revenue efficiency was just under 94% and our safety performance beat industry averages by a large margin.

Diamond Offshore Announces Fourth Quarter 2022 Results

HOUSTON , Feb. 23, 2023 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that Bernie Wolford, Jr., President and Chief Executive Officer, is scheduled to present at the DNB Energy & Shipping Conference 2023 in Oslo, Norway on Wednesday, March 8, 2023.  ABOUT DIAMOND OFFSHOREDiamond Offshore is a leader in offshore drilling, providing innovation, thought leadership and contract drilling services to solve complex deepwater challenges around the globe.

DIAMOND OFFSHORE TO PRESENT AT DNB ENERGY & SHIPPING CONFERENCE 2023

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HOUSTON , Feb. 7, 2023 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that it will release its fourth quarter 2022 operating results on Monday, February 27, 2023 after the market closes. The Company has scheduled a conference call and webcast for Tuesday, February 28, 2023 at 8:00 a.m.

DIAMOND OFFSHORE TO RELEASE FOURTH QUARTER 2022 RESULTS

HOUSTON , Jan. 5, 2023 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that Dominic Savarino, Senior Vice President and Chief Financial Officer, is scheduled to present at the Fearnley Securities' Offshore Drilling Seminar in New York City on Wednesday, January 11, 2023.  ABOUT DIAMOND OFFSHOREDiamond Offshore is a leader in offshore drilling, providing innovation, thought leadership and contract drilling services to solve complex deepwater challenges around the globe.

DIAMOND OFFSHORE TO PRESENT AT THE FEARNLEY SECURITIES' OFFSHORE DRILLING SEMINAR

Diamond Offshore Drilling Inc. (NYSE:DO ) Q3 2022 Earnings Conference Call November 8, 2022 9:00 AM ET Company Participants Bernie Wolford - President, Chief Executive Officer Dominic Savarino - Senior Vice President, Chief Financial Officer Kevin Bordosky - Senior Director, Investor Relations Conference Call Participants David Smith - Pickering Energy Fredrik Stene - Clarkson Operator Good day and thank you for standing by. Welcome to the Q3 2022 Diamond Offshore Drilling earnings conference call.

Diamond Offshore Drilling (DO) Q3 2022 Earnings Call Transcript

Ocean Courage Awarded 4-Year Project Performance Bonus on First Well for Ocean BlackHawk $20 Million Increase in Revenue and $3 Million Increase in EBITDA Ocean GreatWhite Commences Reactivation HOUSTON , Nov. 7, 2022 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today reported the following results for the third quarter of 2022: Three Months Ended Thousands of dollars, except per share data September 30, 2022 June 30, 2022 Total revenues $ 226,073 $ 205,702 Operating loss (7,575) (9,763) Adjusted EBITDA 18,421 15,245 Net income (loss) 5,510 (21,929) Income (loss) per diluted share $ 0.05 $ (0.22) Diamond Offshore also announced it received notification of award of a new drilling program with Petrobras in Brazil for the Ocean Courage. The Ocean Courage was awarded a four-year project with an unpriced option for an additional four years.

Diamond Offshore Announces Third Quarter 2022 Results and $429 Million Project Award in Brazil

HOUSTON , Oct. 19, 2022 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that it will release its third quarter 2022 operating results on Monday, November 7, 2022 after the market closes. The Company has scheduled a conference call and webcast for Tuesday, November 8, 2022 at 8:00 a.m.

DIAMOND OFFSHORE TO RELEASE THIRD QUARTER 2022 RESULTS

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Diamond Offshore Drilling recently emerged from Chapter 11 bankruptcy and relisted on the NYSE. The company operates in a bullish market and showed a solid backlog addition in the MRQ, totaling over $1.5 billion.

Diamond Offshore: Aiming For A Strong 2023

HOUSTON , Sept. 7, 2022 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that Bernie Wolford, Jr., President and Chief Executive Officer, is scheduled to present at the Pareto Securities' Energy Conference in Oslo, Norway on Wednesday, September 14, 2022.

DIAMOND OFFSHORE TO PRESENT AT THE PARETO SECURITIES' ENERGY CONFERENCE

Diamond Offshore Drilling Inc. (NYSE:DO ) Q2 2022 Earnings Conference Call August 10, 2022 9:00 AM ET Company Participants Kevin Bordosky - Senior Director of Investor Relations Bernie Wolford - President & Chief Executive Officer Dominic Savarino - Senior Vice President & Chief Financial Officer Conference Call Participants Operator Good day and thank you for standing by. Welcome to the Q2 2022 Diamond Offshore Drilling Earnings Conference Call.

Diamond Offshore Drilling Inc. (DO) CEO Bernie Wolford on Q2 2022 Results - Earnings Call Transcript

Ocean GreatWhite Awarded Contract Three other Rigs Secure Additional Backlog 18% Increase in Contract Drilling Revenue and $26m Increase in EBITDA HOUSTON , Aug. 9, 2022 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today reported the following results for the second quarter of 2022: Three Months Ended Thousands of dollars, except per share data June 30, 2022 March 31, 2022 Total revenues $ 205,702 $ 186,239 Operating loss (9,763) (33,916) Adjusted EBITDA 15,245 (11,008) Net loss (21,929) (34,354) Loss per diluted share $ (0.22) $ (0.34)   Diamond Offshore also announced contract awards for the harsh environment semisubmersible Ocean GreatWhite in the U.K. North Sea, the semisubmersible Ocean Apex in Australia, and two 7th generation drillships - the Ocean BlackHornet and a Diamond-managed rig - in the U.S. Gulf of Mexico. These new contracts added approximately $610 million of backlog for the Company.

Diamond Offshore Reports Second Quarter 2022 Results and Announces $610 Million in New Contract Awards

HOUSTON , Aug. 2, 2022 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that it will issue a press release and host a conference call and webcast related to its second quarter 2022 operating results on Wednesday, August 10, 2022. The conference call and webcast will begin at 8:00 a.m.

Diamond Offshore to Release Second Quarter 2022 Results on August 10

Diamond Offshore Drilling is a pre-eminent player in the energy offshore drilling sub-sector. The company restructured via a Chapter 11 bankruptcy in 2020 and has emerged with a much improved balance sheet.

Diamond Offshore: Buy The Last Domino In The Energy Supercycle

HOUSTON , May 10, 2022 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today reported the following results for the first quarter of 2022: Three Months Ended Thousands of dollars, except per share data March 31, 2022 December 31, 2021 Total revenues  $                  186,239 $                  227,278 Operating loss (33,916) (127,296) Adjusted operating (loss) income (33,916) 5,153 Adjusted EBITDA (11,008) 29,690 Net loss (34,354) (124,868) Adjusted net (loss) income (34,354) 8,216 Loss per diluted share  $                      (0.34) $                      (1.25) Adjusted (loss) income per diluted share  $                      (0.34) $                        0.07 Bernie Wolford, Jr., President and Chief Executive Officer of Diamond Offshore, stated, "I am pleased that during the quarter we were able to relist Diamond Offshore on the New York Stock Exchange and commence the West Auriga contract for BP. The Company has a long and successful history in offshore drilling, and we look forward to the opportunities before us as the recovery in the industry unfolds.

Diamond Offshore Announces First Quarter 2022 Results

After emerging from bankruptcy and a failed attempt to sell itself last year, Diamond Offshore Drilling made its comeback on the NYSE.

Diamond Offshore Drilling: Strong Buy On Discounted Valuation And Medium-Term Buyout Potential

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HOUSTON , March 24, 2022 /PRNewswire/ -- Diamond Offshore Drilling, Inc. ("Diamond" or the "Company") today announced that the Company has received approval to relist its unrestricted common stock on the New York Stock Exchange (NYSE) under the ticker symbol "DO." The Company expects the common stock to commence trading on or about Wednesday, March 30, 2022.

Diamond Offshore Announces Relisting on NYSE

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