Stonegate capital partners updates coverage on independence contract drilling, inc (icd) q1 2023

Dallas, texas--(newsfile corp. - may 10, 2023) - independence contract drilling, inc (nyse: icd): stonegate capital partners updates coverage on independence contract drilling, inc. the full report can be accessed by clicking on the following link: icd q1 2023 report to view the full announcement, including downloadable images, bios, and more, click here. key takeaways: margins per day continue to increase with q123 representing an 8% improvement over q422 strong backlog of $56.3 million, all of which is expected to be realized in 2023 management is guiding towards a leverage ratio of 2x before the end of 2023, further strengthening the balance sheet click image above to view full announcement.
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