Atwood Oceanics (ATW) 8-K Results of Operations and Financial Condition

EXHIBIT 99.2

ATWOOD OCEANICS, INC. AND SUBSIDIARIES

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share amounts)

	Three Months Ended						Nine Months Ended
	June 30,						June 30,
	2009			2008			2009			2008
REVENUES:
Contract drilling	$	149,307		$	141,372		$	455,463		$	365,950
COSTS AND EXPENSES:
Contract drilling		58,366			57,094			166,771			159,999
Depreciation		9,529			8,871			25,581			25,914
General and administrative		6,894			7,567			24,783			23,049
(Gain) loss on sale of equipment		129			(129	)		(52	)		(214	)
		74,918			73,403			217,083			208,748
OPERATING INCOME		74,389			67,969			238,380			157,202
OTHER INCOME (EXPENSE)
Interest expense, net of capitalized interest		(735	)		(204	)		(1,644	)		(1,146	)
Interest income		90			301			257			1,475
		(645	)		97			(1,387	)		329
INCOME  BEFORE INCOME TAXES		73,744			68,066			236,993			157,531
PROVISION FOR INCOME TAXES		6,073			7,685			34,532			16,846
NET INCOME	$	67,671		$	60,381		$	202,461		$	140,685
EARNINGS PER COMMON SHARE:
Basic		1.05			0.94			3.16			2.21
Diluted		1.05			0.93			3.14			2.18
AVERAGE COMMON SHARES OUTSTANDING:
Basic		64,190			64,023			64,152			63,665
Diluted		64,617			64,776			64,395			64,509