Diamond Offshore - DO STOCK NEWS

Diamond Offshore Drilling (NYSE: DO) announced that it will release its first quarter 2023 operating results on May 8, 2023, after market close. This will be followed by a conference call and webcast on May 9, 2023, at 8:00 a.m. CDT, to discuss the operational results.

The company is recognized for its leadership in offshore drilling, providing innovative solutions for complex deepwater challenges globally. Investors and stakeholders can access additional information and the Company’s SEC filings at Diamond Offshore’s official website.

Diamond Offshore Drilling reported a fourth-quarter revenue of $223.3 million, slightly down from $226.1 million in the previous quarter. The company incurred an operating loss of $12.2 million and a net loss of $52.4 million, significantly lower than a profit of $5.5 million last quarter, primarily due to non-cash tax adjustments. Despite these losses, the company added $482 million to its backlog, totaling approximately $1.8 billion. Operationally, the company achieved a revenue efficiency of 96.4% and marked the sixth consecutive performance bonus for the Ocean BlackHawk and BlackRhino rigs in Senegal.

Diamond Offshore Drilling, Inc. (NYSE: DO) announced that Bernie Wolford, Jr., President and CEO, will present at the DNB Energy & Shipping Conference 2023 in Oslo, Norway on March 8, 2023. This conference is an opportunity for industry leaders to discuss advancements and challenges in offshore drilling.

Diamond Offshore is recognized for its innovative solutions in offshore drilling and aims to tackle complex deepwater challenges globally. For further details and access to SEC filings, visit www.diamondoffshore.com.

Diamond Offshore Drilling, Inc. (NYSE: DO) announced that its fourth quarter 2022 operating results will be released on February 27, 2023, after market close. A conference call and webcast to discuss these results is scheduled for February 28, 2023, at 8:00 a.m. CDT. As a leader in offshore drilling, Diamond Offshore provides innovative solutions and contract drilling services to address deepwater challenges globally. For further information, visit Diamond Offshore's website.

Diamond Offshore Drilling (NYSE: DO) announced that Dominic Savarino, Senior Vice President and CFO, will present at the Fearnley Securities Offshore Drilling Seminar in New York City on January 11, 2023. This event highlights the company's leadership in offshore drilling, showcasing its innovative solutions and services tailored for deepwater challenges. Stakeholders and interested parties are encouraged to follow Diamond Offshore for insights and updates as they engage with industry experts at the seminar.

Diamond Offshore Drilling reported strong third-quarter results for 2022, with total revenues of $226.1 million, up from $205.7 million in the previous quarter. The company achieved net income of $5.5 million, a significant recovery from a $22 million net loss. Key highlights include a $429 million drilling contract award for the Ocean Courage with Petrobras and a $20 million revenue increase due to enhanced contract drilling operations. The company's liquidity stood at $296 million. The management expects improved market fundamentals and growing demand visibility in the offshore drilling sector.

Diamond Offshore Drilling (NYSE: DO) is set to release its third quarter 2022 operating results on November 7, 2022, after market close. A conference call and webcast will follow on November 8, 2022, at 8:00 a.m. CDT to discuss the results. Diamond Offshore specializes in offshore drilling and provides contract drilling services worldwide. For further information, visit Diamond Offshore's website.