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Last $0.14 USD
Change Today +0.0016 / 1.16%
Volume 2.1M
VTG On Other Exchanges
Symbol
Exchange
NYSE Amex
As of 8:04 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

vantage drilling co (VTG) Key Developments

Vantage Drilling Company Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015 and Tax Rate Guidance for the Full Year of 2015

Vantage Drilling Company announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenue of $212,261,000 compared to $219,718,000 a year ago. Income from operations was $77,165,000 compared to $81,720,000 a year ago. Income before income taxes was $36,107,000 compared to $25,499,000 a year ago. Net income was $24,964,000 or $0.07 per diluted share compared to $10,178,000 or $0.03 per diluted share for the same quarter a year ago. The sequential decrease in revenue was primarily due to the Aquamarine Driller remaining idle throughout the quarter. EBITDA for the quarter was $108.9 million as compared to $112.7 million in the prior quarter. CapEx for the second quarter consisted of $14.3 million for operating fleet, which was made up of $13.6 million of fleet capital spares and maintenance CapEx had approximately $763,000 for software upgrade. For the six months, the company reported total revenue of $429,910,000 compared to $452,183,000 a year ago. Income from operations was $158,218,000 compared to $172,723,000 a year ago. Income before income taxes was $86,880,000 compared to $62,701,000 a year ago. Net income was $46,394,000 or $0.15 per diluted share compared to $35,002,000 or $0.11 per diluted share a year ago. Net cash provided by operating activities was $85,046,000 compared to $139,813,000 a year ago. The company is currently projecting EBITDA for the third quarter of $88 million to $95 million. Depreciation for the third quarter will be approximately $32 million, and the company estimate interest expense of $47.8 million. The company is estimating profit for the third quarter in the range of $3 million to $10 million or $0.01 to $0.03 per basic share. For all of 2015, the company continue to estimate income taxes will be approximately 5% to 6% of total revenue.

Vantage Drilling Company to Report Q2, 2015 Results on Aug 04, 2015

Vantage Drilling Company announced that they will report Q2, 2015 results at 11:00 AM, US Eastern Standard Time on Aug 04, 2015

Vantage Drilling Company, Q2 2015 Earnings Call, Aug 04, 2015

Vantage Drilling Company, Q2 2015 Earnings Call, Aug 04, 2015

Vantage Drilling Company(AMEX:VTG) dropped from Russell 2000 Index

Vantage Drilling Company will be removed from Russell 2000 Index

Vantage Drilling Company(AMEX:VTG) dropped from Russell 3000 Index

Vantage Drilling Company will be removed from Russell 3000 Index.

 

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VTG Competitors

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Company Last Change
Aban Offshore Ltd 241.95 INR -1.15
Atwood Oceanics Inc $18.22 USD -0.89
China Oilfield Services Ltd CNY16.60 CNY -0.24
Songa Offshore 0.95 NOK +0.02
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Industry Analysis

VTG

Industry Average

Valuation VTG Industry Range
Price/Earnings 0.9x
Price/Sales 0.1x
Price/Book 0.1x
Price/Cash Flow 0.3x
TEV/Sales NM Not Meaningful
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