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Last $11.89 USD
Change Today -0.97 / -7.54%
Volume 573.9K
SDLP On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

seadrill partners llc (SDLP) Snapshot

Open
$12.86
Previous Close
$12.86
Day High
$12.94
Day Low
$11.87
52 Week High
08/25/14 - $35.25
52 Week Low
07/7/15 - $11.16
Market Cap
1.1B
Average Volume 10 Days
316.7K
EPS TTM
$2.66
Shares Outstanding
75.3M
EX-Date
08/5/15
P/E TM
4.5x
Dividend
$2.27
Dividend Yield
18.74%
Current Stock Chart for SEADRILL PARTNERS LLC (SDLP)

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seadrill partners llc (SDLP) Details

Seadrill Partners LLC owns, operates, and acquires offshore drilling units. The company primarily serves various oil and gas companies. As of March 31, 2015, its fleet consisted of four semi-submersible drilling rigs, three drillships, and three tender rigs. The company was founded in 2012 and is headquartered in London, the United Kingdom. Seadrill Partners LLC is a subsidiary of SeaDrill Limited.

1,706 Employees
Last Reported Date: 04/21/15
Founded in 2012

seadrill partners llc (SDLP) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

seadrill partners llc (SDLP) Key Developments

Seadrill Partners LLC Declares Cash Distribution for the Second Quarter Ended June 30, 2015, Payable on or About August 14, 2015

Seadrill Partners LLC announced that its board of directors has declared a quarterly cash distribution with respect to the quarter ended June 30, 2015 of $0.5675 per unit, in line with the first quarter distribution. This cash distribution will be paid on or about August 14, 2015 to all unitholders of record as of the close of business on August 7, 2015.

Seadrill Partners LLC Appoints Andrew Cumming to its Board of Directors

Seadrill Partners LLC announced that Mr. Andrew Cumming has been appointed to its board of directors to fill a vacancy. Mr. Cumming will also serve on the conflicts committee of the company. Mr. Cumming has almost 40 years' experience in banking and risk management. Mr. Cumming also currently acts as an Independent Director of Macdonald Hotel Group.

Seadrill Partners LLC Announces Chief Financial Officer Changes with Effect from June 1, 2015; Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Seadrill Partners LLC announced that John T. Roche will replace Rune Magnus Lundetrae as Chief Financial Officer of Seadrill Partners with effect from June 1, 2015. Mr. Roche is currently Vice President of Investor Relations for Seadrill and will continue with this responsibility on a part time basis. Prior to joining Seadrill in May 2013 Mr. Roche spent 12 years at Morgan Stanley most recently as an Executive Director in its Investment Banking Division. The company announced consolidated earnings results for the first quarter ended March 31, 2015. Total contract revenues were $385.9 million for the first quarter 2015 compared to $369.1 million in the fourth quarter of 2014. The increase in revenues is primarily driven by a full quarter of operations on the West Vela and improved uptime on the West Aquarius. Operating income for the quarter was $190.7 million compared to $168.9 million in the preceding quarter. The increase is largely as a result of operational improvements and a full quarter of operation of the West Vela. Net income for the quarter was $70.9 million compared to $70.1 million in the previous quarter. This is after the recognition of the loss on derivative instruments of $51.9 million in the first quarter as compared to a loss of $48.4 million for the fourth quarter as a result of a decrease in long term interest rates in the first quarter. The unrealized non-cash element of these amounts is a $38.9 million loss in the first quarter and a $36.6 million loss for the fourth quarter. As a result, net income attributable to the company members was $38.2 million for the first quarter compared to $33.1 million for the previous quarter. Distributable cash flow was $82.0 million for the company’s first quarter as compared to $80.1 million for the previous quarter giving a coverage ratio of 1.48x for the first quarter. The increase in distributable cash flow is mainly as a result of a full quarter of operations for the West Vela and improved operational performance offset in part by higher cash taxes paid. The coverage ratio has also been positively impacted by the decision to maintain distributions at the fourth quarter level. Net debt as at March 31, 2015 was therefore $3,375.5 million giving a ratio of net debt to annualized adjusted EBITDA of 3.2:1.

 

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Industry Analysis

SDLP

Industry Average

Valuation SDLP Industry Range
Price/Earnings 7.1x
Price/Sales 0.8x
Price/Book 1.3x
Price/Cash Flow 3.0x
TEV/Sales NM Not Meaningful
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