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Last €0.49 EUR
Change Today +0.004 / 0.82%
Volume 0.0
GQT On Other Exchanges
As of 3:06 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

dryships inc (GQT) Snapshot

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09/2/14 - €2.59
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dryships inc (GQT) Details

DryShips Inc. provides ocean transportation services for drybulk and petroleum cargoes, and offshore deepwater drilling services. The company operates through Drybulk, Tanker, and Drilling segments. The Drybulk segment provides drybulk commodities transportation services for the steel, electric utility, construction, and agri-food industries. The Drilling segment offers ultra deep water drilling services. The Tanker segment provides transportation services of crude and refined petroleum cargoes. As of February 25, 2015, it owned a fleet of 39 drybulk carriers comprising 13 Capesize, 24 Panamax, and 2 Supramax carriers with a combined deadweight tonnage of approximately 4.3 million tons; 10 tankers, including 4 Suezmax and 6 Aframax tankers with a combined deadweight tonnage of approximately 1.3 million tons; and 13 offshore ultra deepwater drilling units comprising 2 ultra deepwater semisubmersible drilling rigs and 11 ultra deepwater drillships. The company was founded in 2004 and is based in Athens, Greece.

2,466 Employees
Last Reported Date: 03/10/15
Founded in 2004

dryships inc (GQT) Top Compensated Officers

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dryships inc (GQT) Key Developments

DryShips, Inc. Appoints Ernst &Young (Hellas) Certified Auditors Accountants S.A., as the Independent Auditors for the Fiscal Year Ending December 31, 2015

DryShips, Inc. has approved appointment of Ernst &Young (Hellas) Certified Auditors Accountants S.A., as the company's independent auditors for the fiscal year ending December 31, 2015 at the 2015 annual general meeting of the share holders.

DryShips, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Impairment Charge for the First Quarter Ended March 31, 2015; Expects to Increase its Fleet in 2015

DryShips, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenue of $492.1 million compared with revenue was $457.5 million a year ago. Loss before income taxes was $23.200 million against $26.337 million a year ago. Net loss attributable to the company was $59.157 million or $0.09 per basic and diluted share compared with $34.551 million or $0.08 per basic and diluted share a year ago. Adjusted net loss was $2.6 million or $0.04 per share. The main reasons for this result are positive contributions to the bottom line from company's drilling rig and Tanker segments, as offset by losses from the Drybulk segment. Adjusted EBITDA was approximately $0.25 billion. Net cash provided by operating activities was $35.048 million against $35.417 million a year ago. Operating income was $64,897,000 against $90,793,000 a year ago. The company made payments of $39.4 million for advances for vessels and drilling units under construction and $452.2 million for vessels, drilling rigs and drill ships acquisitions and improvements. Drilling rigs acquisitions, improvements and other fixed assets was $452,208,000 against $404,829,000 a year ago. Advances for vessel acquisitions/drill ships under construction was $39,411,000 against $9,301,000 a year ago. For the quarter, the company reported one-time impairment charge on the sale of company's entire Tanker segment of $56.631 million. More specifically, the Capesize fleet is expected to increase by 3.5% in 2015, with Panamax and Supramax fleets increasing by 3.2% and 6.7%, respectively. Total Drybulk fleet compound annual growth rate is estimated to increase by approximately 4% year-on-year during 2015. Suezmax fleet expected to increase by just 0.8% during 2015 and the Aframax fleet expected to increase by only 3% over the same period.

DryShips, Inc. to Report Q1, 2015 Results on May 11, 2015

DryShips, Inc. announced that they will report Q1, 2015 results After-Market on May 11, 2015


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