Independence Contract Drilling provides land-based contract drilling services for oil and natural gas producers in the United States. The Company constructs, owns and operates a fleet of pad-optimal ShaleDriller rigs that are specifically engineered and designed to accelerate its clients’ production profiles and cash flows from their most technically demanding and economically impactful oil and gas properties. For more information, visit www.icdrilling.com.
Company profile
Ticker
ICDI
Exchange
Website
CEO
J. Anthony Gallegos
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
ICDI stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
18 Sep 24
8-K
Departure of Directors or Certain Officers
10 Sep 24
25-NSE
Exchange delisting
29 Aug 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
28 Aug 24
10-Q
2024 Q2
Quarterly report
7 Aug 24
8-K
Independence Contract Drilling, Inc. Reports Financial Results for the Second Quarter Ended June 30, 2024
7 Aug 24
8-K
Submission of Matters to a Vote of Security Holders
5 Jun 24
10-Q
2024 Q1
Quarterly report
1 May 24
8-K
Independence Contract Drilling, Inc. Reports Financial Results for the First Quarter Ended March 31, 2024
1 May 24
DEF 14A
Definitive proxy
29 Apr 24
Transcripts
ICDI
Earnings call transcript
2024 Q1
1 May 24
ICDI
Earnings call transcript
2023 Q4
28 Feb 24
ICDI
Earnings call transcript
2023 Q3
1 Nov 23
ICDI
Earnings call transcript
2023 Q2
3 Aug 23
ICDI
Earnings call transcript
2023 Q2
3 Aug 23
ICDI
Earnings call transcript
2023 Q1
9 May 23
ICDI
Earnings call transcript
2022 Q4
2 Mar 23
ICDI
Earnings call transcript
2022 Q3
1 Nov 22
ICDI
Earnings call transcript
2022 Q2
6 Aug 22
ICDI
Earnings call transcript
2022 Q1
7 May 22
Latest ownership filings
3
Steven Strom
16 Sep 24
SC 13D/A
MSD Partners, L.P.
9 Sep 24
SC 13D/A
Glendon Capital Management LP
9 Sep 24
4
Stacy Durbin Nieuwoudt
20 Aug 24
SC 13D/A
MSD Partners, L.P.
12 Jul 24
SC 13D/A
Glendon Capital Management LP
10 Jul 24
4
Robert J. IV Barrett
2 Jul 24
4
Change in insider ownership
5 Jun 24
4/A
John A. Jr. Gallegos
19 Mar 24
4/A
John A. Jr. Gallegos
19 Mar 24
Financial summary
Quarter (USD) | Jun 24 | Mar 24 | Dec 23 | Sep 23 | |
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Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
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) | 5.54 mm | 5.54 mm | 5.54 mm | 5.54 mm | 5.54 mm | 5.54 mm |
Cash burn (monthly) | 467.33 k | 3.50 k | 5.97 mm | 5.21 mm | (no burn) | (no burn) |
Cash used (since last report) | 1.71 mm | 12.79 k | 21.83 mm | 19.02 mm | n/a | n/a |
Cash remaining | 3.83 mm | 5.53 mm | -16.29 mm | -13.48 mm | n/a | n/a |
Runway (months of cash) | 8.2 | 1579.8 | -2.7 | -2.6 | n/a | n/a |
Institutional ownership, Q2 2024
32.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 29 |
Opened positions | 24 |
Closed positions | 1 |
Increased positions | 2 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 4.65 bn |
Total shares | 4.97 mm |
Total puts | 10.50 k |
Total calls | 15.00 k |
Total put/call ratio | 0.7 |
Largest owners | Shares | Value |
---|---|---|
MSD Partners | 1.70 mm | $2.21 bn |
Karlin Asset Management | 1.37 mm | $4.08 mm |
CastleKnight Management | 690.96 k | $898.25 mm |
Vanguard | 444.98 k | $578.48 mm |
Geode Capital Management | 104.17 k | $135.46 mm |
Tejara Capital | 103.76 k | $134.88 mm |
Renaissance Technologies | 98.51 k | $128.06 mm |
Dimensional Fund Advisors | 85.48 k | $111.13 mm |
Bridgeway Capital Management | 74.38 k | $96.69 mm |
Susquehanna International | 49.98 k | $64.97 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
16 Aug 24 | Stacy Durbin Nieuwoudt | Common Stock | Sale back to company | Dispose D | No | No | 0 | 33,334 | 0.00 | 62,815 |
16 Aug 24 | Stacy Durbin Nieuwoudt | Phantom Stock Unit Common Stock | Sale back to company | Dispose D | No | No | 0 | 16,666 | 0.00 | 0 |
1 Jul 24 | Robert J. IV Barrett | Common Stock | Option exercise | Acquire M | No | No | 0 | 6,837 | 0.00 | 75,961 |
1 Jul 24 | Robert J. IV Barrett | Phantom Stock Award Common Stock | Option exercise | Dispose M | No | No | 0 | 3,419 | 0.00 | 3,419 |
1 Jul 24 | Robert J. IV Barrett | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 6,837 | 0.00 | 6,837 |
18 Mar 24 | Vincent J Cebula | Common Stock | Option exercise | Acquire M | No | No | 0 | 5,501 | 0.00 | 77,502 |
18 Mar 24 | Vincent J Cebula | Phantom Stock Unit Common Stock | Option exercise | Dispose M | No | No | 0 | 2,750 | 0.00 | 2,751 |
18 Mar 24 | Vincent J Cebula | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 5,501 | 0.00 | 5,501 |