Energy Equipment and Services
Company Overview of Atwood Oceanics, Inc.
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
Key Executives for Atwood Oceanics, Inc.
Chief Executive Officer, President, Director and Member of Executive Committee
Total Annual Compensation: $1.4M
Chief Financial Officer and Executive Vice President
Total Annual Compensation: $732.5K
Senior Vice President of Operations
Total Annual Compensation: $531.4K
Senior Vice President, General Counsel and Corporate Secretary
Total Annual Compensation: $469.8K
Senior Vice President of Technical Services
Total Annual Compensation: $517.8K
Compensation as of Fiscal Year 2014.
Atwood Oceanics, Inc. Key Developments
Atwood Oceanics, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2015
Apr 29 15
Atwood Oceanics, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended March 31, 2015. For the second quarter, the company earned net income of $122.7 million or $1.89 per diluted share, on revenues of $350.4 million compared to net income of $73.3 million or $1.13 per diluted share, on revenues of $273.1 million for the quarter ended March 31, 2014. Income before income taxes was $134.98 million compared to $97.28 million a year ago. Operating income was $147.81 million compared to $108.73 million a year ago.
For the six months ended March 31, 2015, the Company earned net income of $168.9 million or $2.60 per diluted share, on revenues of $702.1 million compared to net income of $156.7 million or $2.41 per diluted share, on revenues of $557.8 million for the six months ended March 31, 2014. Income before income taxes was $190.32 million compared to $191.54 million a year ago. Operating income was $218.6 million compared to $211.14 million a year ago. Net cash provided by operating activities was $349.75 million compared to $167.7 million a year ago. Capital expenditures were $177.13 million compared to $497.63 million a year ago.
Atwood Oceanics, Inc. Enter into Amendment to its Contract for its Semisubmersible Drilling Unit, the Atwood Osprey
Apr 17 15
Atwood Oceanics, Inc. announced that the company has entered into an amendment to its contract for its semisubmersible drilling unit, the Atwood Osprey. As previously disclosed, the Atwood Osprey parted several mooring lines and drifted approximately three nautical miles from its original position during Cyclone Olwyn, which impacted the northwest coast of Australia on March 12, 2015. The duration of the force majeure event and resultant repairs necessitated by the damage incurred from the cyclone have triggered termination rights in relation to which the parties have agreed to a reduction in the term of the contract by one year with contractual rates remaining unchanged. It is expected that repairs for damage sustained by the rig and required regulatory approvals will be completed by April 30, 2015.
Atwood Oceanics, Inc. to Report Q2, 2015 Results on Apr 29, 2015
Apr 13 15
Atwood Oceanics, Inc. announced that they will report Q2, 2015 results After-Market on Apr 29, 2015
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