News

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

  • SUGAR LAND, Texas , Aug. 30, 2024 /PRNewswire/ -- Noble Corporation plc ("Noble") (CSE: NOBLE, NYSE: NE) and Diamond Offshore Drilling, Inc. ("Diamond Offshore") (NYSE: DO) announced today the receipt of clearance from the Australia Competition & Consumer Commission, in relation to the pending transaction between Noble and Diamond Offshore, which is the final required regulatory approval for the transaction.  The parties expect to close the transaction on Wednesday September 4 th, 2024.
    08/30/2024

Diamond Offshore Reports Second Quarter 2024 Results

  • $350 Million in Contract Awards in Q2; $89 Million in Contract Awards Post-Q2 Q2 Adjusted EBITDA of $58 Million $8.7 Million in Performance Bonuses Earned during Q2 in Senegal Ocean GreatWhite Completes Repairs and Resumes Operations HOUSTON , Aug. 6, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today reported the following results for the second quarter of 2024: Three Months Ended Thousands of dollars, except per share data June 30, 2024 March 31, 2024 Total revenues $ 252,886 $ 274,610 Operating income 28,282 21,813 Net income 9,328 11,612 Income per diluted share 0.09 0.11 Adjusted operating income 33,428 31,813 Adjusted EBITDA (1) 58,020 64,163 Adjusted net income 12,189 25,434 Adjusted income per diluted share 0.12 0.25 (1) Adjusted to exclude (i) $5 million in transaction costs for the three months ended June 30, 2024 associated with the previously announced pending merger with Noble Corporation plc and (ii) the $10 million insurance deductible associated with the insurance claim for the Ocean GreatWhite for the three months ended March 31 2024. Non-GAAP supporting schedules are included with the statements and schedules included in this press release.
    08/06/2024
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The price of Diamond Offshore Drilling, Inc. (DO) is 13.99 and it was updated on 2025-07-03 07:01:29.

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

  • SUGAR LAND, Texas , July 25, 2024 /PRNewswire/ -- Noble Corporation plc ("Noble") (CSE: NOBLE, NYSE: NE) and Diamond Offshore Drilling, Inc. ("Diamond") (NYSE: DO) announced today that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, in relation to the pending merger between Noble and Diamond, expired at 11:59 ET on July 24, 2024.  Completion of the transaction is subject to the satisfaction of the remaining customary closing conditions, including approval by Diamond's stockholders and the receipt of informal clearance by the Australian Competition & Consumer Commission.
    Thu, Jul. 25, 2024

DIAMOND OFFSHORE ANNOUNCES NEW DRILLSHIP COMMITMENT

  • HOUSTON , July 18, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today announced that it has entered into a contract with BOE Exploration & Production LLC for the Ocean BlackRhino for work in the U.S. Gulf of Mexico. The Ocean BlackRhino was awarded a contract with a minimum duration of 180 days for a total value of approximately $89 million, excluding mobilization and any additional services.
    Thu, Jul. 18, 2024

DIAMOND OFFSHORE TO RELEASE SECOND QUARTER 2024 RESULTS

  • HOUSTON , July 17, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that it will release its second quarter 2024 operating results on Tuesday, August 6, 2024 after the market closes. The company will not hold a conference call as a result of entering into the definitive merger agreement announced on June 10, 2024, providing for Diamond to be acquired by Noble Corporation plc, subject to shareholder and regulatory approvals and other customary closing conditions.
    Wed, Jul. 17, 2024

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

  • NEW YORK , July 9, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Diamond Offshore Drilling, Inc. (NYSE: DO ), relating to its proposed merger with Noble Corp plc.
    Tue, Jul. 09, 2024

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

  • Shipping trends with J Mintzmyer and Ed Finley-Richardson. Valuations and investor excitement compared to ship owners' cautious optimism.
    Mon, Jun. 24, 2024
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Oilfield Service Firms Latest to Jump on the M&A Bandwagon

  • The Noble (NE)-Diamond Offshore (DO) transaction comes at a time when the offshore drilling market is benefiting from increased exploration and production spending.
  • 06/19/2024

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

  • NEW YORK, June 18, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
  • 06/18/2024

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

  • NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Diamond Offshore Drilling, Inc. (NYSE: DO) to Noble Corporation plc (NYSE: NE). Under the terms of the proposed transaction, shareholders of Diamond will receive $5.65 in cash and 0.2316 shares of Noble for each share of Diamond that they own. KSF is seeking to determine whether this consideration and the proc.
  • 06/12/2024

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

  • NEW YORK, NY / ACCESSWIRE / June 11, 2024 / Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Diamond Offshore Drilling, Inc. (NYSE:DO)'s sale to Noble Corporation plc for 0.2316 shares of Noble and $5.65 in cash for each share of Diamond stock. If you are a Diamond shareholder, click here to learn more about your legal rights and options.
  • 06/11/2024

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

  • NEW YORK , June 11, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Diamond Offshore Drilling, Inc. (NYSE: DO ), relating to its proposed merger with Noble Corp plc.
  • 06/11/2024

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

  • NEW YORK, NY / ACCESSWIRE / June 11, 2024 / Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Diamond Offshore Drilling, Inc. (NYSE:DO)'s sale to Noble Corporation plc for 0.2316 shares of Noble and $5.65 in cash for each share of Diamond stock. If you are a Diamond shareholder, click here to learn more about your legal rights and options.
  • 06/11/2024

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

  • MILWAUKEE , June 11, 2024 /PRNewswire/ -- Ademi LLP is investigating Diamond (NYSE: DO) for possible breaches of fiduciary duty and other violations of law in its transaction with Noble. Click here to learn how to join the https://www.ademilaw.com/case/diamond-offshore-drilling-inc or call Guri Ademi toll-free at 866-264-3995.
  • 06/11/2024

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

  • NEW YORK , June 10, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Diamond Offshore Drilling, Inc. (NYSE: DO) and its board of directors concerning the proposed acquisition of the company by Noble Corporation plc (NYSE: NE). Stockholders will receive $5.65 and 0.2316 shares of Noble Corporation common stock for each share of Diamond Offshore Drilling stock that they hold.
  • 06/10/2024

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

  • NEW YORK, June 10, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Diamond Offshore Drilling, Inc . ( NYSE : DO ), relating to its proposed merger with Noble Corp plc. Under the terms of the agreement, each share of Diamond Offshore Drilling stock will be converted into the right to receive $5.65 in cash and 0.2316 shares of Noble stock.
  • 06/10/2024

Noble To Buy Diamond Offshore Drilling: What To Know

  • If Noble's bid for Diamond Offshore goes through, it will create one of the world's largest offshore drilling companies.
  • 06/10/2024

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

  • NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Diamond Offshore Drilling, Inc. (NYSE: DO) to Noble Corporation plc for 0.2316 shares of Noble and $5.65 in cash for each share of Diamond stock is fair to Diamond shareholders. Halper Sadeh encourages Diamond shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halp.
  • 06/10/2024

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

  • Noble Corp. is buying Diamond Offshore Drilling in a deal valued at about $1.6 billion.
  • 06/10/2024

Driller Noble to buy Diamond Offshore for $1.6 billion

  • Consolidation in the oil industry continues, with offshore drilling contractor Noble Corp. on Monday announcing a cash-and-stock deal for rival Diamond Offshore Drilling.
  • 06/10/2024

Noble Corp agrees $1.6bn takeover of rival Diamond Offshore Drilling

  • Offshore drilling contractor, Noble Corporation (NYSE:NE, CSE: NOBLE) has struck a deal to take over Diamond Offshore Drilling for around $1.6 billion in shares and cash.  Diamond shareholders will receive 0.2316 Noble shares and cash of $5.65 per share for each share they own stock, which would combine to give Diamond shareholders a 14.5% stake in the enlarged Noble.
  • 06/10/2024

US oil driller Noble Corp to buy Diamond Offshore for about $1.6 bln

  • Noble Corp will buy smaller rival Diamond Offshore Drilling in a cash-and-stock deal worth around $1.59 billion, the latest in a series of buyouts in a sector undergoing massive consolidation.
  • 06/10/2024

Noble Corporation plc announces agreement to acquire Diamond Offshore Drilling, Inc.

  • SUGAR LAND, Texas , June 10, 2024 /PRNewswire/ -- Noble Corporation plc ("Noble") (CSE: NOBLE) (NYSE: NE) and Diamond Offshore Drilling, Inc ("Diamond") (NYSE: DO) announced today that they have entered into a definitive merger agreement under which Noble will acquire Diamond in a stock plus cash transaction. As part of the transaction, Diamond shareholders will receive 0.2316 shares of Noble, plus cash consideration of $5.65 per share for each share of Diamond stock, representing an 11.4% premium to closing stock prices on June 7, 2024.
  • 06/10/2024

DIAMOND OFFSHORE ANNOUNCES NEW DRILLSHIP COMMITMENT

  • HOUSTON , May 15, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today announced that it has executed a two-year contract extension with Anadarko Petroleum Corporation, a wholly-owned subsidiary of Occidental, in the U.S. Gulf of Mexico for the Ocean BlackHawk, commencing in November 2024 in direct continuation of the rig's current contract. This contract extension represents approximately $350 million dollars of additional backlog, excluding any managed pressure drilling services, and replaces the one-year priced option that was agreed in May 2023.
  • 05/15/2024

Diamond Offshore Reports First Quarter 2024 Results

  • Secured $731 million in contract awards year to date, including $713 million in Q1 Total backlog was $1.9 billion as of April 1, 2024 Ocean GreatWhite repairs progressing well; expected back on location in the first half of June Secured marketing rights for 3 high-specification 7th generation drillships HOUSTON , May 7, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today reported the following results for the first quarter of 2024: Three Months Ended Thousands of dollars, except per share data March 31, 2024 December 31, 2023 Total revenues $ 274,610 $ 297,637 Operating income 21,813 44,915 Net income (loss) 11,612 (145,702) Income (loss) per diluted share 0.11 (1.42) Adjusted operating income 31,813 44,915 Adjusted EBITDA (1) 64,163 72,340 Adjusted net income (loss) 25,434 (145,702) Adjusted income (loss) per diluted share 0.25 (1.42) ( 1 )    Adjusted to exclude the $10 million insurance deductible associated with a claim for the Ocean GreatWhite. Bernie Wolford, Jr., President and Chief Executive Officer, stated, "The demand landscape remains compelling for our business.
  • 05/07/2024

DIAMOND OFFSHORE TO RELEASE FIRST QUARTER 2024 RESULTS

  • HOUSTON , April 17, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that it will release its first quarter 2024 operating results on Tuesday, May 7, 2024 after the market closes. The Company has scheduled a conference call and webcast for Wednesday, May 8, 2024 at 8:00 a.m.
  • 04/17/2024

Diamond Offshore (DO) Secures Additional Backlog Worth $350M

  • Diamond Offshore (DO) wins a two-year contract extension with a subsidiary of BP plc in the U.S. Gulf of Mexico, representing $350 million of additional backlog.
  • 03/07/2024

DIAMOND OFFSHORE ANNOUNCES NEW DRILLSHIP COMMITMENT

  • HOUSTON , March 3, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today announced that it has executed a two-year contract extension with a subsidiary of bp in the U.S. Gulf of Mexico for the Ocean BlackHornet, commencing in February 2025 in direct continuation of the rig's current contract.  This contract extension represents approximately $350 million dollars of additional backlog.
  • 03/03/2024

Diamond Offshore Drilling, Inc. (DO) Q4 2023 Earnings Call Transcript

  • Diamond Offshore Drilling, Inc. (DO) Q4 2023 Earnings Call Transcript
  • 02/28/2024

Diamond Offshore Reports Fourth Quarter 2023 Results

  • $362 Million in Contract Awards Year to Date 2024 $245 Million in Total Backlog Added in Q4 Rig Performance Bonus Earned in Senegal Ocean BlackHawk and Ocean Courage Commenced New Contracts in Q4 HOUSTON, Feb. 27, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today reported the following results for the fourth quarter of 2023: Three Months Ended Thousands of dollars, except per share data December 31, 2023 September 30, 2023 Total revenues $ 297,637 $ 244,958 Operating income 44,915 863 Adjusted EBITDA 72,340 27,693 Net loss (145,702) (145,016) Adjusted net loss (145,702) (138,792) Loss per diluted share $ (1.42) $ (1.42) Adjusted loss per diluted share $ (1.42) $ (1.36) Bernie Wolford, Jr., President and Chief Executive Officer, stated, "2023 was a transformational year for Diamond Offshore. We marked our one-year anniversary of re-listing on the New York Stock Exchange, made measurable improvements in our capital structure, secured $485 million dollars in new contract awards throughout the year, safely completed Special Periodical Surveys on five rigs, and completed eight contract start-ups, including four contract commencements in the fourth quarter, one in each of the regions in which we operate.
  • 02/27/2024

Diamond Offshore (DO) Secures Rig Contracts Worth $360M

  • Diamond Offshore (DO) secures a new contract with Serica Energy in the U.K. North Sea and a contract extension with a BP subsidiary in the U.S. Gulf of Mexico.
  • 02/14/2024

DIAMOND OFFSHORE ANNOUNCES NEW FLOATER COMMITMENTS

  • HOUSTON , Feb. 8, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today announced that it has executed a two-year contract extension with a subsidiary of bp in the U.S. Gulf of Mexico for the Ocean BlackLion, commencing in September 2024 in direct continuation of the rig's current contract. This contract extension represents approximately $350 million dollars of additional backlog.
  • 02/08/2024

DIAMOND OFFSHORE TO RELEASE FOURTH QUARTER 2023 RESULTS

  • HOUSTON , Feb. 6, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that it will release its fourth quarter 2023 operating results on Tuesday, February 27, 2024 after the market closes. The Company has scheduled a conference call and webcast for Wednesday, February 28, 2024 at 8:00 a.m.
  • 02/06/2024

Diamond Offshore Drilling - Significant Progress Expected In 2024 - Buy

  • Diamond Offshore Drilling reported better-than-expected third quarter results with revenues and adjusted EBITDA coming in well above expectations. As a result, the company raised full-year guidance. While the company intends to return capital to shareholders, it will take more time until free cash generation becomes sufficient for the initiation of a dividend and/or a share repurchase program. 2024 should benefit from a much lower number of shipyard days and a resulting decrease in offhire time and capital expenditures.
  • 11/28/2023

Diamond Offshore Drilling, Inc. (DO) Q3 2023 Earnings Call Transcript

  • Diamond Offshore Drilling, Inc. (NYSE:DO ) Q3 2023 Results Conference Call November 7, 2023 9:00 AM ET Company Participants Kevin Bordosky - Senior Director, IR Bernie Wolford - President and CEO Dominic Savarino - SVP and CFO Conference Call Participants Eddie Kim - Barclays David Smith - Pickering Energy Partners Operator Ladies and gentlemen, thank you for standing by. Welcome to the Third Quarter 2023 Diamond Offshore Drilling, Inc. Earnings Conference Call.
  • 11/07/2023

Diamond Offshore Reports Third Quarter 2023 Results and Announces Contract Awards of $240 Million

  • Awarded $240 Million in New Contracts, including a 35-well P&A Campaign for the Ocean Patriot Issued $550 Million 8.5% Senior Secured Second Lien Notes due 2030 7th Performance Bonus Earned by Senegal Rigs Ocean BlackHawk Mobilized to Gulf of Mexico for Q4 Contract Commencement Ocean Courage Shipyard Project Commenced; Multi-year Contract to Commence in Late Q4 HOUSTON , Nov. 6, 2023 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today reported the following results for the third quarter of 2023: Three Months Ended Thousands of dollars, except per share data September 30, 2023 June 30, 2023 Total revenues $ 244,958 $ 281,563 Operating income 863 10,240 Adjusted EBITDA 27,693 36,213 Net (loss) income (145,016) 238,783 Adjusted net (loss) income (138,792) 238,783 (Loss) income per diluted share $ (1.42) $ 2.29 Adjusted (loss) income per diluted share $ (1.36) $ 2.29   Bernie Wolford, Jr., President and Chief Executive Officer of Diamond Offshore, stated "Our business continues to benefit from improving energy industry fundamentals.  As we enter the fourth quarter, we see a continuation of positive indicators of a strong and lasting upcycle, including growing rig demand, increased investment in offshore upstream projects, and shrinking rig availability.
  • 11/06/2023

DIAMOND OFFSHORE TO RELEASE THIRD QUARTER 2023 RESULTS

  • HOUSTON , Oct. 17, 2023 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that it will release its third quarter 2023 operating results on Monday, November 6, 2023 after the market closes. The Company has scheduled a conference call and webcast for Tuesday, November 7, 2023 at 8:00 a.m.
  • 10/17/2023

Pickering Energy Partners Acted as Co-Manager to Diamond Offshore Drilling, Inc.

  • HOUSTON--(BUSINESS WIRE)---- $DO #comanager--Pickering Energy Partners Acted as Co-Manager to Diamond Offshore Drilling, Inc. (NYSE: DO).
  • 09/26/2023

Diamond Offshore Snags Comprehensive Debt Refinancing At Favorable Terms - Buy

  • Diamond Offshore Drilling, Inc. successfully places $550 million in 8.50% senior secured notes due 2030. Proceeds will be used to repay all of the company's indebtedness and enhance liquidity. However, with the existing revolving credit facility remaining in place, Diamond Offshore will likely remain precluded from returning capital to shareholders for the time being.
  • 09/13/2023

Diamond Offshore Announces Pricing of $550 Million Upsized Private Placement of 8.500% Senior Secured Second Lien Notes Due 2030

  • HOUSTON, Sept. 12, 2023 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) and its wholly-owned subsidiaries, Diamond Foreign Asset Company and Diamond Finance, LLC (together, the "Issuers"), announced today the pricing of the Issuer's private placement (the "Offering") under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the "Securities Act"), of $550 million in aggregate principal amount of 8.500% Senior Secured Second Lien Notes due 2030 (the "Notes").
  • 09/12/2023

Diamond Offshore Announces $500 Million Private Placement of Senior Secured Second Lien Notes Due 2030

  • HOUSTON , Sept. 12, 2023 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that its wholly-owned subsidiaries, Diamond Foreign Asset Company and Diamond Finance, LLC (together, the "Issuers"), intend, subject to market conditions, to offer (the "Offering") for sale to eligible purchasers in a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the "Securities Act"), $500 million in aggregate principal amount of Senior Secured Second Lien Notes due 2030 (the "Notes").
  • 09/12/2023

DIAMOND OFFSHORE TO PRESENT AT INVESTOR CONFERENCES IN SEPTEMBER

  • HOUSTON , Aug. 24, 2023 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that Bernie Wolford, Jr., President and Chief Executive Officer, is scheduled to present at the Barclays CEO Energy-Power Conference in New York, New York on Wednesday, September 6, 2023 and at the Pareto Securities' Energy Conference in Oslo, Norway on Wednesday, September 20, 2023. Dominic Savarino, Senior Vice President and Chief Financial Officer, is scheduled to present at the Pickering Energy Partners' TE&MFest (Technology, Energy, and Mobility) Conference in Austin, Texas on Thursday, September 21, 2023.
  • 08/24/2023

Diamond Offshore Reports Second Quarter 2023 Results

  • Backlog of $229 Million Added During Second Quarter Ocean GreatWhite Completes Second Well Post-Reactivation; First Option Exercised Ocean BlackHawk Completes Senegal Contract; Commences Shipyard Project Ocean Apex Completes Shipyard Project; Mobilizing to Location Offshore Australia HOUSTON , Aug. 7, 2023 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today reported the following results for the second quarter of 2023: Three Months Ended Thousands of dollars, except per share data June 30, 2023 March 31, 2023 Total revenues $ 281,563 $ 232,021 Operating income (loss) 10,240 (4,960) Adjusted EBITDA 36,213 21,733 Net income 238,783 7,229 Income per diluted share $ 2.29 $ 0.07 Bernie Wolford, Jr., President and Chief Executive Officer of Diamond Offshore, stated "Our clients continue to commit additional capital to offshore drilling and make critical investments in long-lead subsea equipment. This coupled with strong commodity demand outlooks and favorable economics for deepwater projects are setting the stage for sustainable demand for our drilling services as momentum continues to build in this cycle.
  • 08/07/2023

Diamond Offshore Drilling: Priced For Growth And Perfection

  • Diamond Offshore Drilling Inc. has promising earnings projections, with a projected p/e of just 11 in 2024. Oil and natural gas are expected to remain significant players in the global energy mix, despite the rise of renewables. DO is well-positioned to benefit from the high demand for oil, with strong earnings potential and contracts worth $212 million.
  • 08/05/2023

August MDA Breakout Stocks Week 31 - 2023: High-Frequency Gainers To Give You An Edge

  • Two new Breakout Stocks for Week 31 curated by the MDA model for 10% short-term upside and additional model selections. This week two of four picks gained over 10% in less than a week with peak gains in CLLS +16.8% AUTL+15.5% but the portfolio failed to hold gains. The streak of weekly picks gaining over 10% in less than a week has increased to 255 out of 322 trading weeks (79.2%) not including multiple gainers or warning signals.
  • 07/31/2023

DIAMOND OFFSHORE TO RELEASE SECOND QUARTER 2023 RESULTS

  • HOUSTON , July 18, 2023 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that it will release its second quarter 2023 operating results on Monday, August 7, 2023 after the market closes. The Company has scheduled a conference call and webcast for Tuesday, August 8, 2023 at 8:00 a.m.
  • 07/18/2023

The Riskiest Investments In Oilfield Services

  • Given economic uncertainty and volatility in energy markets, I believe cautious oilfield services investors will want to avoid the highest risk investments in the sector. 58 oilfield services providers were screened for profitability based on net income margin; 26 were not profitable over the previous twelve months.
  • 03/10/2023

3 Sorry Energy Stocks to Sell in February Before It's Too Late

  • With geopolitical tensions and a global economic rebound, 2022 was a year to buy energy stocks. Warren Buffett went on a shopping spree buying oil and gas stocks like Chevron Corporation (NYSE: CVX ) and Occidental Petroleum (NYSE: OXY ).
  • 02/08/2023

DIAMOND OFFSHORE TO RELEASE FOURTH QUARTER 2022 RESULTS

  • HOUSTON , Feb. 7, 2023 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that it will release its fourth quarter 2022 operating results on Monday, February 27, 2023 after the market closes. The Company has scheduled a conference call and webcast for Tuesday, February 28, 2023 at 8:00 a.m.
  • 02/07/2023

Oil outlook is largely dependent on China's reopening, says Energy Aspects' Amrita Sen

  • Dan Pickering, chief investment officer at Pickering Energy Partners, and Amrita Sen, co-founder and head of research at Energy Aspects, join 'The Exchange' to discuss growing oil demand in China, 2023 projections for oil and opportunities in small cap energy stocks.
  • 01/19/2023

DIAMOND OFFSHORE TO PRESENT AT THE FEARNLEY SECURITIES' OFFSHORE DRILLING SEMINAR

  • HOUSTON , Jan. 5, 2023 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that Dominic Savarino, Senior Vice President and Chief Financial Officer, is scheduled to present at the Fearnley Securities' Offshore Drilling Seminar in New York City on Wednesday, January 11, 2023.  ABOUT DIAMOND OFFSHOREDiamond Offshore is a leader in offshore drilling, providing innovation, thought leadership and contract drilling services to solve complex deepwater challenges around the globe.
  • 01/05/2023

Diamond Offshore Drilling (DO) Q3 2022 Earnings Call Transcript

  • Diamond Offshore Drilling Inc. (NYSE:DO ) Q3 2022 Earnings Conference Call November 8, 2022 9:00 AM ET Company Participants Bernie Wolford - President, Chief Executive Officer Dominic Savarino - Senior Vice President, Chief Financial Officer Kevin Bordosky - Senior Director, Investor Relations Conference Call Participants David Smith - Pickering Energy Fredrik Stene - Clarkson Operator Good day and thank you for standing by. Welcome to the Q3 2022 Diamond Offshore Drilling earnings conference call.
  • 11/08/2022

DIAMOND OFFSHORE TO RELEASE THIRD QUARTER 2022 RESULTS

  • HOUSTON , Oct. 19, 2022 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that it will release its third quarter 2022 operating results on Monday, November 7, 2022 after the market closes. The Company has scheduled a conference call and webcast for Tuesday, November 8, 2022 at 8:00 a.m.
  • 10/19/2022

Oil Field Services: Value Matrix, Momentum, And Market Cap Analysis

  • Even though energy has been the best performing sector of the year by a large margin, deep values remain in under-covered and small cap oilfield services. Fifty-three oilfield service equities were evaluated using a value matrix including factors for value, growth, profitability, ownership, and debt.
  • 09/19/2022

Diamond Offshore: Aiming For A Strong 2023

  • Diamond Offshore Drilling recently emerged from Chapter 11 bankruptcy and relisted on the NYSE. The company operates in a bullish market and showed a solid backlog addition in the MRQ, totaling over $1.5 billion.
  • 09/09/2022

DIAMOND OFFSHORE TO PRESENT AT THE PARETO SECURITIES' ENERGY CONFERENCE

  • HOUSTON , Sept. 7, 2022 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that Bernie Wolford, Jr., President and Chief Executive Officer, is scheduled to present at the Pareto Securities' Energy Conference in Oslo, Norway on Wednesday, September 14, 2022.
  • 09/07/2022

Diamond Offshore Drilling Inc. (DO) CEO Bernie Wolford on Q2 2022 Results - Earnings Call Transcript

  • Diamond Offshore Drilling Inc. (NYSE:DO ) Q2 2022 Earnings Conference Call August 10, 2022 9:00 AM ET Company Participants Kevin Bordosky - Senior Director of Investor Relations Bernie Wolford - President & Chief Executive Officer Dominic Savarino - Senior Vice President & Chief Financial Officer Conference Call Participants Operator Good day and thank you for standing by. Welcome to the Q2 2022 Diamond Offshore Drilling Earnings Conference Call.
  • 08/10/2022

Diamond Offshore to Release Second Quarter 2022 Results on August 10

  • HOUSTON , Aug. 2, 2022 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that it will issue a press release and host a conference call and webcast related to its second quarter 2022 operating results on Wednesday, August 10, 2022. The conference call and webcast will begin at 8:00 a.m.
  • 08/02/2022

Diamond Offshore: Buy The Last Domino In The Energy Supercycle

  • Diamond Offshore Drilling is a pre-eminent player in the energy offshore drilling sub-sector. The company restructured via a Chapter 11 bankruptcy in 2020 and has emerged with a much improved balance sheet.
  • 06/12/2022

Diamond Offshore Drilling: Strong Buy On Discounted Valuation And Medium-Term Buyout Potential

  • After emerging from bankruptcy and a failed attempt to sell itself last year, Diamond Offshore Drilling made its comeback on the NYSE.
  • 03/31/2022

What Happened To Diamond Offshore Drilling - From A Dividend Monster To A Broken Ship

  • Unlike other Energy sub-sectors where we have seen a recovery in profits on the back of higher oil prices, the offshore drilling subsector remains highly challenged with weak prospects.
  • 08/11/2021

Markets Up to Start Another Busy Week

  • With Q1 earnings season continuing to unfold favorably (for the most part), investors look to enjoy a healthy Q2, as well.
  • 05/03/2021

The 5 Worst Energy Stocks of 2020

  • From ExxonMobil to Diamond Offshore Drilling, here's why energy companies large and small had a terrible year.
  • 12/11/2020

15 Largest Drilling Companies in the World

  • In this article we will present the 15 largest drilling companies in the world. Click to skip ahead and see the 5 largest drilling companies in the world . 
  • 11/14/2020
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