trending Market Intelligence /marketintelligence/en/news-insights/trending/yr8lwcib4sksg00htyvwma2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Diamond Offshore loses $69M in Q2

Q3: U.S. Solar and Wind Power by the Numbers

Path to Carbon-Free Power Generation by 2035

The Growing Importance of Data Centers for European & U.S. Renewable Projects

CAISO and ERCOT Power Forecasts by the Hour

Diamond Offshore loses $69M in Q2

Houston-based driller Diamond Offshore Drilling Inc. reported July 30 a net loss of $69 million, or 50 cents per share, in the second quarter, exceeding the S&P Capital IQ estimate for a loss of 37 cents per share.

Total revenue of $268.9 million was down from $295.5 million in the first quarter and well below revenue of $399.3 million in the same quarter a year ago.

The company saw an operating loss of $52.4 million in the three-month period ended June 30. As of July 1, the company's total contracted backlog was $2.2 billion, which represents 23 rig years of work.