Thursday, April 19, 2012 7:01:07 AM
Diamond Offshore Drilling (NYSE:DO)
Today : Thursday 19 April 2012
Diamond Offshore Drilling, Inc. (NYSE:DO) today reported net income for the first quarter of 2012 of $185.2 million, or $1.33 per share on a diluted basis, compared with net income of $250.6 million, or $1.80 per share on a diluted basis, in the same period a year earlier. Revenues in the first quarter of 2012 were $768.6 million, compared with revenues of $806.4 million for the first quarter of 2011. The sale of the jack-up rig Ocean Columbia was completed during the quarter, resulting in an after-tax gain of approximately $16 million, or $0.12 per share.
“Our ongoing efforts to control costs and maximize operating efficiency, expressed in terms of minimal rig downtime, enabled us to achieve favorable operating results for the quarter,” said Larry Dickerson, President and Chief Executive Officer of Diamond Offshore. “Our systems and employees continue to perform for our customers and shareholders.”
“Looking ahead, we are optimistic about future contracting opportunities for our fleet, given the continuing market strength in the offshore drilling industry,” noted Dickerson.
CONFERENCE CALL
Diamond Offshore will host a conference call to discuss first quarter results on Thursday, April 19, 2012 beginning at 9:00 a.m. CDT. A live webcast of the call will be available online on our Company’s website, www.diamondoffshore.com. Those interested in participating in the question and answer session should dial 800-247-9979, or 973-321-1100 for international callers. The conference ID number is 65195830. An online replay will also be available on www.diamondoffshore.com following the call.
ABOUT DIAMOND OFFSHORE
Diamond Offshore provides contract drilling services to the energy industry and is a leader in deepwater drilling. Diamond Offshore’s fleet of offshore drilling rigs consists of 32 semisubmersibles, 12 jack-ups, and one drillship, in addition to three ultra-deepwater drillships currently under construction. For additional information and access to SEC filings, please visit the Company’s website at www.diamondoffshore.com. Diamond Offshore is a 50.4% owned subsidiary of Loews Corporation (NYSE: L).
Recent DO News
- Noble Corporation and Diamond Offshore Provide Update on Expected Closing of Transaction • PR Newswire (US) • 08/30/2024 08:01:00 PM
- Noble Corporation and Diamond Offshore Provide Update on Expected Closing of Transaction • PR Newswire (US) • 08/30/2024 08:01:00 PM
- Diamond Offshore Reports Second Quarter 2024 Results • PR Newswire (US) • 08/06/2024 08:05:00 PM
- Noble Corporation and Diamond Offshore Announce Expiration of Hart-Scott-Rodino Act Waiting Period and Provide Transaction Update • PR Newswire (US) • 07/25/2024 09:30:00 PM
- Noble Corporation and Diamond Offshore Announce Expiration of Hart-Scott-Rodino Act Waiting Period and Provide Transaction Update • PR Newswire (US) • 07/25/2024 09:30:00 PM
- DIAMOND OFFSHORE ANNOUNCES NEW DRILLSHIP COMMITMENT • PR Newswire (US) • 07/18/2024 09:35:00 PM
- DIAMOND OFFSHORE TO RELEASE SECOND QUARTER 2024 RESULTS • PR Newswire (US) • 07/17/2024 08:15:00 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 06/17/2024 08:15:25 PM
- Kuehn Law Encourages ICCH, DO, ASXC, and DPSI Investors to Contact Law Firm • PR Newswire (US) • 06/11/2024 12:04:00 PM
- Rowley Law PLLC is Investigating Proposed Acquisition of Diamond Offshore Drilling, Inc. • PR Newswire (US) • 06/10/2024 10:11:00 PM
- Apple Showcases AI at WWDC 2024, Nvidia Stock Split Starts Today, and More News • IH Market News • 06/10/2024 11:29:44 AM
- Noble Corporation plc announces agreement to acquire Diamond Offshore Drilling, Inc. • PR Newswire (US) • 06/10/2024 06:00:00 AM
- DIAMOND OFFSHORE ANNOUNCES NEW DRILLSHIP COMMITMENT • PR Newswire (US) • 05/15/2024 08:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 08:22:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 08:14:33 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 08:07:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 08:01:02 PM
- Diamond Offshore Reports First Quarter 2024 Results • PR Newswire (US) • 05/07/2024 08:15:00 PM
- DIAMOND OFFSHORE TO RELEASE FIRST QUARTER 2024 RESULTS • PR Newswire (US) • 04/17/2024 09:34:00 PM
- DIAMOND OFFSHORE ANNOUNCES NEW DRILLSHIP COMMITMENT • PR Newswire (US) • 03/04/2024 03:00:00 AM
- Diamond Offshore Reports Fourth Quarter 2023 Results • PR Newswire (US) • 02/28/2024 03:12:00 AM
- DIAMOND OFFSHORE ANNOUNCES NEW FLOATER COMMITMENTS • PR Newswire (US) • 02/08/2024 07:45:00 AM
- DIAMOND OFFSHORE TO RELEASE FOURTH QUARTER 2023 RESULTS • PR Newswire (US) • 02/06/2024 10:14:00 PM
- DIAMOND OFFSHORE ANNOUNCES NEW DRILLSHIP CONTRACT • PR Newswire (US) • 11/13/2023 12:58:00 PM
- Diamond Offshore Reports Third Quarter 2023 Results and Announces Contract Awards of $240 Million • PR Newswire (US) • 11/06/2023 10:53:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM