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
- 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
- DIAMOND OFFSHORE TO RELEASE THIRD QUARTER 2023 RESULTS • PR Newswire (US) • 10/17/2023 08:07:00 PM
- Pickering Energy Partners Acted as Co-Manager to Diamond Offshore Drilling, Inc. • Business Wire • 09/26/2023 06:04:00 PM
- Diamond Offshore Announces Pricing of $550 Million Upsized Private Placement of 8.500% Senior Secured Second Lien Notes Due 2030 • PR Newswire (US) • 09/12/2023 09:15:00 PM
- Diamond Offshore Announces $500 Million Private Placement of Senior Secured Second Lien Notes Due 2030 • PR Newswire (US) • 09/12/2023 12:38:00 PM
- DIAMOND OFFSHORE TO PRESENT AT INVESTOR CONFERENCES IN SEPTEMBER • PR Newswire (US) • 08/24/2023 10:19:00 PM
- Diamond Offshore Reports Second Quarter 2023 Results • PR Newswire (US) • 08/07/2023 09:19:00 PM
- DIAMOND OFFSHORE TO RELEASE SECOND QUARTER 2023 RESULTS • PR Newswire (US) • 07/18/2023 08:15:00 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM