Seadrill Partners (NYSE:SDLP) announced its second quarter earnings results on Wednesday, August 28. These results were slightly worse than the first quarters' but they also position the company well for improved performance in the second half of the year. With that said, investors should not be displeased with these results as the quarter-over-quarter reductions in revenue and operating income were driven by normal business operations and not by any worrisome event. Investors will also not likely be displeased with the increase that the company made to its distribution this quarter.
Before beginning my analysis of the company's quarterly earnings, please allow me to share the highlights from Seadrill Partners' second quarter:
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