Independence Contract Drilling (ICDIQ)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	6.08 mm	6.08 mm	6.08 mm	6.08 mm	6.08 mm	6.08 mm
Cash burn (monthly)	(no burn)	(no burn)	6.39 mm	6.10 mm	(no burn)	(no burn)
Cash used (since last report)	n/a	n/a	27.30 mm	26.05 mm	n/a	n/a
Cash remaining	n/a	n/a	-21.22 mm	-19.97 mm	n/a	n/a
Runway (months of cash)	n/a	n/a	-3.3	-3.3	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

ICDIQ institutional ownership history Ownership history

33.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	4	29	-86.2%
Opened positions	1	2	-50.0%
Closed positions	26	5	+420.0%
Increased positions	1	9	-88.9%
Reduced positions	0	6	EXIT

13F shares	Current	Prev Q	Change
Total value	38.00 k	4.65 bn	-100.0%
Total shares	5.05 mm	4.97 mm	+1.5%
Total puts	0.00	10.50 k	EXIT
Total calls	0.00	15.00 k	EXIT
Total put/call ratio	–	0.7	–

Largest owners	Shares	Value	Change
MSD Partners	3.36 mm	$0.00	+97.5%
Glendon Capital Management	1.67 mm	$0.00	NEW
ELV Elevance Health	13.06 k	$38.00 k	0.0%
BCS Barclays	1.67 k	$0.00	0.0%
Karlin Asset Management	0.00	$0.00	EXIT

Largest transactions	Shares	Bought/sold	Change
Glendon Capital Management	1.67 mm	+1.67 mm	NEW
MSD Partners	3.36 mm	+1.66 mm	+97.5%
Karlin Asset Management	0.00	-1.37 mm	EXIT
CastleKnight Management	0.00	-690.96 k	EXIT
Vanguard	0.00	-444.98 k	EXIT
Geode Capital Management	0.00	-104.17 k	EXIT
Tejara Capital	0.00	-103.76 k	EXIT
Renaissance Technologies	0.00	-98.51 k	EXIT
Dimensional Fund Advisors	0.00	-85.48 k	EXIT
Bridgeway Capital Management	0.00	-74.38 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

ICDIQ insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
20 Dec 24	Vincent J Cebula	Common Stock	Other	Dispose J	No	No	0	44,169	0.00	33,333
19 Dec 24	Robert J. IV Barrett	Common Stock	Sell	Dispose S	No	No	0.0101	42,627	430.53	33,334
17 Dec 24	James Minmier	Common Stock	Sell	Dispose S	No	No	0.0162	8,300	134.46	71,431
17 Dec 24	James Minmier	Common Stock	Sell	Dispose S	No	No	0.016	16,000	256.00	79,731

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Press releases

From Benzinga Pro

Independence Contract Drilling, Inc. Announces Comprehensive Agreement to Deleverage Balance Sheet and Position the Company for Long-Term Success

3 Dec 24

Independence Contract Drilling (ICD) to equitize convertible notes and restructure debt, strengthening the balance sheet and position the Company for long-term growthPre-packaged Chapter 11 filing to facilitate