Independence Contract Drilling, Inc.

OTCPK:ICDI.Q Stock Report

Market Cap: US$169.2k

Independence Contract Drilling Management

Management criteria checks 2/4

Independence Contract Drilling's CEO is John Gallegos, appointed in Oct 2018, has a tenure of 6.17 years. total yearly compensation is $1.97M, comprised of 28% salary and 72% bonuses, including company stock and options. directly owns 3.65% of the company’s shares, worth $6.17K. The average tenure of the management team and the board of directors is 4.7 years and 2.8 years respectively.

Key information

John Gallegos

Chief executive officer

US$2.0m

Total compensation

CEO salary percentage28.0%
CEO tenure6.2yrs
CEO ownership3.6%
Management average tenure4.7yrs
Board average tenure2.8yrs

Recent management updates

Recent updates

Improved Revenues Required Before Independence Contract Drilling, Inc. (NYSE:ICD) Shares Find Their Feet

Jun 20
Improved Revenues Required Before Independence Contract Drilling, Inc. (NYSE:ICD) Shares Find Their Feet

Does Independence Contract Drilling (NYSE:ICD) Have A Healthy Balance Sheet?

May 09
Does Independence Contract Drilling (NYSE:ICD) Have A Healthy Balance Sheet?

Independence Contract Drilling's (NYSE:ICD) Returns On Capital Are Heading Higher

Feb 29
Independence Contract Drilling's (NYSE:ICD) Returns On Capital Are Heading Higher

We Think Independence Contract Drilling (NYSE:ICD) Is Taking Some Risk With Its Debt

Jan 10
We Think Independence Contract Drilling (NYSE:ICD) Is Taking Some Risk With Its Debt

Independence Contract Drilling, Inc.'s (NYSE:ICD) Shares Lagging The Industry But So Is The Business

Nov 10
Independence Contract Drilling, Inc.'s (NYSE:ICD) Shares Lagging The Industry But So Is The Business

Independence Contract Drilling (NYSE:ICD) Seems To Be Using A Lot Of Debt

Jun 14
Independence Contract Drilling (NYSE:ICD) Seems To Be Using A Lot Of Debt

Independence Contract Drilling Navigates Through Operational Challenges

Jun 08

Health Check: How Prudently Does Independence Contract Drilling (NYSE:ICD) Use Debt?

Feb 22
Health Check: How Prudently Does Independence Contract Drilling (NYSE:ICD) Use Debt?

Independence Contract Drilling: Repricing And Profit Growth Potential Are Alluring

Feb 03

Independence Contract Drilling Non-GAAP EPS of -$0.35, revenue of $49.1M

Nov 01

Is Independence Contract Drilling (NYSE:ICD) Using Debt In A Risky Way?

Oct 28
Is Independence Contract Drilling (NYSE:ICD) Using Debt In A Risky Way?

Independence Contract Drilling: Rig Reactivation And Margin Expansion Will Drive It

Oct 06

Independence Contract Drilling: Await The Repricing And Contract Renewals

Jul 13

Independence Contract Drilling: Better Quality Rigs And Repricing Will Outdo Cash Flow Concerns

Apr 06

Independence Contract Drilling: Improved Revenue And Margin Can Bail Out Cash Flow Crunch

Jan 14

CEO Compensation Analysis

How has John Gallegos's remuneration changed compared to Independence Contract Drilling's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-US$70m

Jun 30 2024n/an/a

-US$59m

Mar 31 2024n/an/a

-US$47m

Dec 31 2023US$2mUS$552k

-US$38m

Sep 30 2023n/an/a

-US$8m

Jun 30 2023n/an/a

-US$8m

Mar 31 2023n/an/a

-US$7m

Dec 31 2022US$6mUS$480k

-US$65m

Sep 30 2022n/an/a

-US$100m

Jun 30 2022n/an/a

-US$97m

Mar 31 2022n/an/a

-US$109m

Dec 31 2021US$2mUS$419k

-US$67m

Sep 30 2021n/an/a

-US$78m

Jun 30 2021n/an/a

-US$89m

Mar 31 2021n/an/a

-US$84m

Dec 31 2020US$849kUS$430k

-US$97m

Sep 30 2020n/an/a

-US$89m

Jun 30 2020n/an/a

-US$84m

Mar 31 2020n/an/a

-US$87m

Dec 31 2019US$2mUS$465k

-US$61m

Sep 30 2019n/an/a

-US$34m

Jun 30 2019n/an/a

-US$28m

Mar 31 2019n/an/a

-US$18m

Dec 31 2018US$3mUS$106k

-US$20m

Compensation vs Market: John's total compensation ($USD1.97M) is above average for companies of similar size in the US market ($USD653.16K).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.

CEO

John Gallegos (54 yo)

6.2yrs

Tenure

US$1,970,300

Compensation

Mr. John Anthony Gallegos Jr. was the President of Sidewinder Drilling, LLC since November 2014 until September 2018 and its Chief Executive Officer since October 4, 2017 until September 2018. Mr. Gallegos...

Leadership Team

NamePositionTenureCompensationOwnership
John Gallegos
President6.2yrsUS$1.97m3.65%
$ 6.2k
Philip Choyce
Executive VP12.8yrsUS$1.11m1.69%
$ 2.9k
Scott Keller
Senior Vice President of Business Development4yrsUS$732.78k0.98%
$ 1.7k
Philip Dalrymple
Senior Vice President of Operations4.8yrsUS$329.68k1.01%
$ 1.7k
Katherine Kokenes
VP & Chief Accounting Officer4.6yrsno data0.36%
$ 615.6
Marc Noel
Vice President of Sales & Marketing4yrsno datano data

4.7yrs

Average Tenure

52yo

Average Age

Experienced Management: ICDI.Q's management team is considered experienced (4.7 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
John Gallegos
President6.2yrsUS$1.97m3.65%
$ 6.2k
Vincent Cebula
Independent Director2.8yrsUS$182.75k0.51%
$ 868.0
Steven Strom
Independent Directorless than a yearno datano data
James Minmier
Independent Chairman of the Board6.2yrsUS$186.75k0.47%
$ 800.0
Robert Barrett
Independent Director2.4yrsUS$175.50k0.50%
$ 850.8

2.8yrs

Average Tenure

60yo

Average Age

Experienced Board: ICDI.Q's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 18:40
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Independence Contract Drilling, Inc. is covered by 12 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Thomas CurranB. Riley Securities, Inc.
Luke LemoineCapital One Securities, Inc.
Sonny RandhawaD.A. Davidson & Co.