Diamond Offshore Drilling, Inc.

Diamond Offshore Drilling, Inc.

DO
Diamond Offshore Drilling, Inc.US flagNew York Stock Exchange
13.99
USD
-0.35
- -
1.44BMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
TTM
Revenue per Share
7.33
- -
8.37
10.37
10.45
Basic EPS, GAAP
-12.54
- -
-1.03
-0.44
-2.64
Free Cash Flow per Basic Share
0.08
- -
0.09
0.12
0.89
Dividend per Share
- -
- -
- -
- -
- -
Book Value per Share
- -
- -
-2.79
-3.19
-2.97
Tangible Book Value per Share
- -
- -
6.76
6.33
6.56
Basic Weighted Avg Shares
100
- -
101
102
102
Sales/Revenue/Turnover
734
- -
841
1,056
1,070
Operating Margin (%)
-41
- -
-8.12
4.42
8.5
Depreciation Expense
320
- -
103
111
119
Net Income, GAAP
-1,255
- -
-103
-45
-270
Effective Tax Rate (%)
- -
- -
- -
- -
888.5
Profit Margin (%)
-171.04
- -
-12.27
-4.23
-25.21
Working Capital
- -
39
56
161
200
LT Debt
- -
415
492
647
638
Total Equity
- -
768
680
645
671
Return on Invested Capital (%)
- -
- -
- -
- -
-50.52
Return on Capital (%)
- -
- -
- -
- -
-176.16
Return on Common Equity (%)
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Dec'23
Mar'24
Jun'24
ST Debt
24
24
24
LT Borrowings
534
534
534
LT Finance Leases
113
109
104
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
102
102
103
Market Capitalization
1,324
1,393
1,586

Working Capital

FRC

in mil. unless spec.
Dec'23
Mar'24
Jun'24
Total Current Assets
457
448
459
Cash, Cash Equivalents & STI
124
162
166
Accounts Receivable, Net
253
207
197
Inventories
5
7
9
Total Current Liabilities
296
275
259
Payables & Accruals
196
200
184
ST Debt
24
24
24
Deferred Revenue
13
18
19

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-5.12%
Free Cash Flow
- -
- -
32.9%
Net Income, GAAP
- -
- -
-56.68%
Sales/Revenue/Turnover
- -
- -
25.54%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
186
206
226
672
841
2023
232
282
245
298
1,056
2024
275
253
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
-0.34
-0.22
0.05
18.37
-1.03
2023
0.07
2.35
-1.42
-1.42
-0.44
2024
0.11
0.09
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Bernie G. Wolford
Full Time Employees
2,140
Sector
Energy
Industry
Oil & Gas Drilling
Address
15415 Katy Freeway Houston TX United States of America 77094-1810
IPO Date
Mar 30, 2022
Business
Diamond Offshore Drilling, Inc. operates as a global offshore oil and gas drilling contractor specializing in deepwater and harsh environment drilling services. The company provides contract drilling services through a fleet of approximately 13 offshore drilling rigs, comprising four drillships, seven semisubmersible rigs, and two managed rigs. Its offerings focus on deepwater, harsh environment, conventional semisubmersible, and jack-up drilling markets. Diamond Offshore serves a diverse clientele including independent oil and gas companies and government-owned oil companies across major geographic regions, with significant operations in the U.S. Gulf of Mexico, the UK North Sea, and West Africa. Founded in 1953, the company is headquartered in Houston, Texas. A major recent development for Diamond Offshore Drilling is its acquisition by Noble Corporation plc, completed in September 2024 ahead of the anticipated schedule. This transaction integrated Diamond Offshore's fleet and operations into Noble Corporation’s platform, enhancing Noble’s position as a leader in offshore drilling with a combined fleet of 41 rigs including 15 drillships and various semisubmersibles and jack-ups. The acquisition also expanded the backlog, adding approximately $2 billion of contracts and strengthening Noble’s deepwater capabilities. Additionally, Diamond Offshore secured key contract extensions and new awards in 2024, including a two-year contract extension with a BP subsidiary for the ultra-deepwater Ocean BlackLion drillship in the U.S. Gulf of Mexico, and a contract with Serica Energy for drilling in the UK North Sea. The company also undertook operational upgrades such as a Managed Pressure Drilling upgrade project on the Ocean BlackRhino drillship, which is scheduled for mobilization in early 2025. These recent strategic moves underscore Diamond Offshore’s focus on deepwater drilling technologies and contract longevity, reinforcing its competitive position in the offshore drilling industry as part of the broader Noble Corporation group. The company continues to emphasize innovation and capability enhancement to address complex deepwater drilling challenges globally.

Company News

APIChat
  • Tech and Semiconductors Lead As Order Flows Expand Across Sectors

  • Noble Corporation and Diamond Offshore Provide Update on Expected Closing of Transaction

  • Diamond Offshore Reports Second Quarter 2024 Results

  • Noble Corporation and Diamond Offshore Announce Expiration of Hart-Scott-Rodino Act Waiting Period and Provide Transaction Update

  • DIAMOND OFFSHORE ANNOUNCES NEW DRILLSHIP COMMITMENT

  • DIAMOND OFFSHORE TO RELEASE SECOND QUARTER 2024 RESULTS

  • STOCKHOLDER ALERT: The M&A Class Action Firm Investigates Merger of Diamond Offshore Drilling, Inc. - DO

  • Shipping Trends: J Mintzmyer And Edward Finley-Richardson On Marine Money 2024

  • Oilfield Service Firms Latest to Jump on the M&A Bandwagon

  • SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates DO, SGRP on Behalf of Shareholders

  • DIAMOND OFFSHORE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Diamond Offshore Drilling, Inc. - DO

  • SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates DO, MGRC on Behalf of Shareholders

  • STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates Merger of Diamond Offshore Drilling, Inc. - DO

  • SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates DO, ICCH on Behalf of Shareholders

  • Shareholder Alert: Ademi LLP investigates whether Diamond Offshore Drilling, Inc. has obtained a Fair Price for its Public Shareholders

  • ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Diamond Offshore Drilling, Inc.

  • STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates Merger of Diamond Offshore Drilling, Inc. – DO

  • Noble To Buy Diamond Offshore Drilling: What To Know

  • DO STOCK ALERT: Halper Sadeh LLC Is Investigating Whether the Sale of Diamond Offshore Drilling, Inc. Is Fair to Shareholders

  • Diamond Offshore Is Being Acquired. The Oil Sector Keeps Consolidating.