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						Twelve Months Ended
	September 30,						September 30,
	2009			2008			2009			2008
REVENUES:
Contract drilling	$	131,044		$	160,654		$	586,507		$	526,604
COSTS AND EXPENSES:
Contract drilling		54,938			56,396			221,709			216,395
Depreciation		9,538			8,869			35,119			34,783
General and administrative		6,856			7,926			31,639			30,975
Gain on sale of equipment		(350	)		59			(402	)		(155	)
		70,982			73,250			288,065			281,998
OPERATING INCOME		60,062			87,404			298,442			244,606
OTHER INCOME (EXPENSE)
Interest expense, net of capitalized interest		(649	)		(264	)		(2,293	)		(1,410	)
Interest income		25			104			282			1,579
		(624	)		(160	)		(2,011	)		169
INCOME  BEFORE INCOME TAXES		59,438			87,244			296,431			244,775
PROVISION FOR INCOME TAXES		11,154			12,491			45,686			29,337
NET INCOME	$	48,284		$	74,753		$	250,745		$	215,438
EARNINGS PER COMMON SHARE:
Basic		0.75			1.17			3.91			3.38
Diluted		0.75			1.16			3.89			3.34
AVERAGE COMMON SHARES OUTSTANDING:
Basic		64,212			64,031			64,167			63,756
Diluted		64,786			64,697			64,493			64,556