Atwood Oceanics, Inc., an offshore drilling contractor, engages in the drilling and completion of exploratory and developmental oil and gas wells worldwide. As of November 10, 2014, it owned a fleet of 13 mobile offshore drilling units, as well as 3 ultra-deepwater drill ships under construction. The company was founded in 1968 and is headquartered in Houston, Texas.
15011 Katy Freeway
Houston, TX 77094
Founded in 1968
Atwood Oceanics, Inc. Declares Quarterly Cash Dividend, Payable on April 9, 2015
Feb 25 15
Atwood Oceanics, Inc. announced that its board of directors has declared a quarterly cash dividend of $0.25 per share of common stock, payable on April 9, 2015 to shareholders of record on April 2, 2015.
Atwood Oceanics, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2014; Announces Non-Cash Impairment Charge for the First Quarter Ended December 31, 2014; Provides Earnings Guidance for the Second Quarter of Fiscal 2015; Provides CapEx Guidance for the Fiscal Year 2015
Feb 3 15
Atwood Oceanics, Inc. announced unaudited consolidated earnings results for the first quarter ended December 31, 2014. For the quarter, the company announced total revenues of $351,726,000 compared to $284,706,000 for the same period a year ago. Operating income was $70,787,000 compared to $102,401,000 for the same period a year ago. Income before income taxes was $55,340,000 compared to $94,260,000 for the same period a year ago. Net income was $46,218,000 compared to $83,397,000 for the same period a year ago. Diluted net income per share was $0.71 compared to $1.28 for the same period a year ago. Net cash provided by operating activities was $194,706,000 compared to $158,195,000 for the same period a year ago. Capital expenditures were $149,042,000 compared to $462,620,000 for the same period a year ago. Net debt decreased modestly about $48 million to $1.62 billion at December 31, 2014.
For the first quarter ended December 31, 2014, the company announced non-cash impairment charge of approximately $60.8 million ($56.1 million, net of tax, or $0.86 per diluted share) related to the Atwood Hunter.
For the second quarter of fiscal 2015, the company estimates reimbursable revenues of $11 million. Interest expense should range between $14 million and $16 million. The company expects effective tax rate to be approximate 11%. Capital expenditures should total between $40 million and $50 million.
For the fiscal year 2015, the company expects effective tax rate in range of 10% to 13%. CapEx should approximate $630 million. The vast majority of the remaining CapEx will be incurred in the fourth quarter upon delivery of the Atwood Admiral.
Atwood Oceanics, Inc. to Report Q1, 2015 Results on Feb 03, 2015
Jan 19 15
Atwood Oceanics, Inc. announced that they will report Q1, 2015 results After-Market on Feb 03, 2015