Independence Contract Drilling Past Earnings Performance
Past criteria checks 0/6
Independence Contract Drilling has been growing earnings at an average annual rate of 12.1%, while the Energy Services industry saw earnings growing at 53% annually. Revenues have been growing at an average rate of 8.1% per year.
Key information
12.1%
Earnings growth rate
38.6%
EPS growth rate
| Energy Services Industry Growth | 23.7% |
| Revenue growth rate | 8.1% |
| Return on equity | -50.1% |
| Net Margin | -40.4% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Improved Revenues Required Before Independence Contract Drilling, Inc. (NYSE:ICD) Shares Find Their Feet
Jun 20
Does Independence Contract Drilling (NYSE:ICD) Have A Healthy Balance Sheet?
May 09Independence Contract Drilling's (NYSE:ICD) Returns On Capital Are Heading Higher
Feb 29We Think Independence Contract Drilling (NYSE:ICD) Is Taking Some Risk With Its Debt
Jan 10Independence Contract Drilling, Inc.'s (NYSE:ICD) Shares Lagging The Industry But So Is The Business
Nov 10Independence Contract Drilling (NYSE:ICD) Seems To Be Using A Lot Of Debt
Jun 14Independence Contract Drilling Navigates Through Operational Challenges
Jun 08Health Check: How Prudently Does Independence Contract Drilling (NYSE:ICD) Use Debt?
Feb 22Independence Contract Drilling: Repricing And Profit Growth Potential Are Alluring
Feb 03Independence Contract Drilling Non-GAAP EPS of -$0.35, revenue of $49.1M
Nov 01Is Independence Contract Drilling (NYSE:ICD) Using Debt In A Risky Way?
Oct 28Independence Contract Drilling: Rig Reactivation And Margin Expansion Will Drive It
Oct 06Independence Contract Drilling: Await The Repricing And Contract Renewals
Jul 13Independence Contract Drilling: Better Quality Rigs And Repricing Will Outdo Cash Flow Concerns
Apr 06Independence Contract Drilling: Improved Revenue And Margin Can Bail Out Cash Flow Crunch
Jan 14Independence Contract Drilling reports Q1 results
May 04Independence Contract Drilling EPS beats by $0.48, beats on revenue
Nov 03Revenue & Expenses Breakdown
How Independence Contract Drilling makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 174 | -70 | 17 | 0 |
| 30 Jun 24 | 180 | -59 | 21 | 0 |
| 31 Mar 24 | 193 | -47 | 22 | 0 |
| 31 Dec 23 | 210 | -38 | 24 | 0 |
| 30 Sep 23 | 225 | -8 | 27 | 0 |
| 30 Jun 23 | 230 | -8 | 27 | 0 |
| 31 Mar 23 | 215 | -7 | 26 | 0 |
| 31 Dec 22 | 187 | -65 | 25 | 0 |
| 30 Sep 22 | 155 | -100 | 21 | 0 |
| 30 Jun 22 | 130 | -97 | 18 | 0 |
| 31 Mar 22 | 107 | -109 | 17 | 0 |
| 31 Dec 21 | 88 | -67 | 16 | 0 |
| 30 Sep 21 | 73 | -78 | 15 | 0 |
| 30 Jun 21 | 59 | -89 | 14 | 0 |
| 31 Mar 21 | 60 | -84 | 13 | 0 |
| 31 Dec 20 | 83 | -97 | 13 | 0 |
| 30 Sep 20 | 115 | -89 | 15 | 0 |
| 30 Jun 20 | 150 | -84 | 16 | 0 |
| 31 Mar 20 | 182 | -87 | 15 | 0 |
| 31 Dec 19 | 204 | -61 | 16 | 0 |
| 30 Sep 19 | 221 | -34 | 16 | 0 |
| 30 Jun 19 | 204 | -28 | 16 | 0 |
| 31 Mar 19 | 177 | -18 | 17 | 0 |
| 31 Dec 18 | 143 | -20 | 16 | 0 |
| 30 Sep 18 | 105 | -17 | 14 | 0 |
| 30 Jun 18 | 100 | -19 | 13 | 0 |
| 31 Mar 18 | 95 | -22 | 13 | 0 |
| 31 Dec 17 | 90 | -24 | 13 | 0 |
| 30 Sep 17 | 83 | -29 | 13 | 0 |
| 30 Jun 17 | 74 | -30 | 13 | 0 |
| 31 Mar 17 | 68 | -28 | 15 | 0 |
| 31 Dec 16 | 70 | -22 | 15 | 0 |
| 30 Sep 16 | 76 | -17 | 15 | 0 |
| 30 Jun 16 | 83 | -13 | 16 | 0 |
| 31 Mar 16 | 89 | -10 | 14 | 0 |
| 31 Dec 15 | 88 | -8 | 14 | 0 |
| 30 Sep 15 | 88 | -27 | 16 | 0 |
| 30 Jun 15 | 86 | -25 | 16 | 0 |
| 31 Mar 15 | 79 | -23 | 14 | 0 |
| 31 Dec 14 | 70 | -28 | 12 | 0 |
| 30 Sep 14 | 60 | -4 | 11 | 0 |
| 30 Jun 14 | 53 | -2 | 8 | 0 |
| 31 Mar 14 | 48 | -4 | 9 | 0 |
| 31 Dec 13 | 43 | -2 | 9 | 0 |
Quality Earnings: ICDI is currently unprofitable.
Growing Profit Margin: ICDI is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ICDI is unprofitable, but has reduced losses over the past 5 years at a rate of 12.1% per year.
Accelerating Growth: Unable to compare ICDI's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ICDI is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (17%).
Return on Equity
High ROE: ICDI has a negative Return on Equity (-50.08%), as it is currently unprofitable.