Diamond Offshore Drilling GAAP EPS of -$0.22, revenue of $205.7M

Aug. 10, 2022 12:55 AM ETDiamond Offshore Drilling, Inc. (DO)By: Meghavi Singh, SA News Editor3 Comments
  • Diamond Offshore Drilling press release (NYSE:DO): Q2 GAAP EPS of -$0.22.
  • Revenue of $205.7M (+10.4% Q/Q).
  • As of June 30, 2022, Diamond Offshore had total liquidity of $339M, comprised of $43M of unrestricted cash and $296M of available capacity on its revolving credit facility and delayed draw First Lien Notes.
  • Commenting on the outlook for the offshore drilling market, Wolford concluded, "The market continues to improve, as reflected by our recent fixtures for both semisubmersibles and drillships across multiple regions. Visible demand, energy security concerns, and tight supply could lead to sustainable demand for our drilling services for years to come."

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