HOUSTON, Aug. 6, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today reported the following results for the second quarter of 2024:
Three Months Ended
Thousands of dollars, except per share data
June 30, 2024
March 31, 2024
Total revenues
$
252,886
$
274,610
Operating income
28,282
21,813
Net income
9,328
11,612
Income per diluted share
0.09
0.11
Adjusted operating income
33,428
31,813
Adjusted EBITDA (1)
58,020
64,163
Adjusted net income
12,189
25,434
Adjusted income per diluted share
0.12
0.25
HOUSTON, July 18, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today announced that it has entered into a contract with BOE Exploration & Production LLC for the Ocean BlackRhino for work in the U.S. Gulf of Mexico. The Ocean BlackRhino was awarded a contract with a minimum duration of 180 days for a total value of approximately $89 million, excluding mobilization and any additional services. The contract also includes two additional option periods. Work under the new contract is expected to commence late in the first quarter or early second quarter of 2025.
HOUSTON, July 17, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that it will release its second quarter 2024 operating results on Tuesday, August 6, 2024 after the market closes. The company will not hold a conference call as a result of entering into the definitive merger agreement announced on June 10, 2024, providing for Diamond to be acquired by Noble Corporation plc, subject to shareholder and regulatory approvals and other customary closing conditions.
ABOUT DIAMOND OFFSHOREDiamond Offshore is a leader in offshore drilling, providing innovation, thought leadership and contract drilling services to solve complex deepwater challenges around the globe. Additional information and access to the Company's SEC filings are available at http://www.diamondoffshore.com/.
NEW YORK, July 9, 2024 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Spirit AeroSystems Holdings, Inc. (NYSE: SPR)'s sale to The Boeing Company. If you are a Spirit shareholder, click here to learn more about your rights and options.
NEW YORK, July 9, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Diamond Offshore Drilling, Inc. (NYSE: DO), relating to its proposed merger with Noble Corp plc. Under the terms of the agreement, each share of Diamond Offshore Drilling stock will be converted into the right to receive $5.65 in cash and 0.2316 shares of Noble stock.
NEW YORK, June 11, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Diamond Offshore Drilling, Inc. (NYSE: DO), relating to its proposed merger with Noble Corp plc. Under the terms of the agreement, each share of Diamond Offshore Drilling stock will be converted into the right to receive $5.65 in cash and 0.2316 shares of Noble stock.
MILWAUKEE, June 11, 2024 /PRNewswire/ -- Ademi LLP is investigating Diamond (NYSE: DO) for possible breaches of fiduciary duty and other violations of law in its transaction with Noble.
Click here to learn how to join the https://www.ademilaw.com/case/diamond-offshore-drilling-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
In the transaction, Diamond shareholders will receive only 0.2316 shares of Noble, plus cash consideration of $5.65 per share for each share of Diamond stock. Upon closing, Diamond shareholders will own approximately 14.5% of Noble's outstanding shares. The transaction agreement unreasonably limits competing transactions for Diamond by imposing a significant penalty if Diamond accepts a competing bid. Diamond insiders will receive substantial benefits as part of change of control arrangements.
NEW YORK, June 10, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Diamond Offshore Drilling, Inc. (NYSE: DO) and its board of directors concerning the proposed acquisition of the company by Noble Corporation plc (NYSE: NE). Stockholders will receive $5.65 and 0.2316 shares of Noble Corporation common stock for each share of Diamond Offshore Drilling stock that they hold. The transaction is expected to close by the first quarter of 2025.
If you are a stockholder of Diamond Offshore Drilling, Inc. and are interested in obtaining additional information regarding this investigation, please visit us at: http://www.rowleylawpllc.com/investigation/do/. You may also contact Shane Rowley, Esq. at Rowley Law PLLC, 50 Main Street Suite 1000, White Plains, NY 10606, by email at info@rowleylawpllc.com, or by telephone at 914-400-1920 or 844-400-4643 (toll-free).
NEW YORK, June 10, 2024 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Diamond Offshore Drilling, Inc. (NYSE: DO)'s sale to Noble Corporation plc for 0.2316 shares of Noble and $5.65 in cash for each share of Diamond stock. If you are a Diamond shareholder, click here to learn more about your legal rights and options.
SUGAR LAND, Texas, June 10, 2024 /PRNewswire/ -- Noble Corporation plc ("Noble") (CSE: NOBLE) (NYSE: NE) and Diamond Offshore Drilling, Inc ("Diamond") (NYSE: DO) announced today that they have entered into a definitive merger agreement under which Noble will acquire Diamond in a stock plus cash transaction. As part of the transaction, Diamond shareholders will receive 0.2316 shares of Noble, plus cash consideration of $5.65 per share for each share of Diamond stock, representing an 11.4% premium to closing stock prices on June 7, 2024. Upon closing, Diamond shareholders will own approximately 14.5% of Noble's outstanding shares.
HOUSTON, May 15, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today announced that it has executed a two-year contract extension with Anadarko Petroleum Corporation, a wholly-owned subsidiary of Occidental, in the U.S. Gulf of Mexico for the Ocean BlackHawk, commencing in November 2024 in direct continuation of the rig's current contract. This contract extension represents approximately $350 million dollars of additional backlog, excluding any managed pressure drilling services, and replaces the one-year priced option that was agreed in May 2023. Anadarko retains three one-year unpriced options.
HOUSTON, May 7, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today reported the following results for the first quarter of 2024:
Three Months Ended
Thousands of dollars, except per share data
March 31, 2024
December 31, 2023
Total revenues
$
274,610
$
297,637
Operating income
21,813
44,915
Net income (loss)
11,612
(145,702)
Income (loss) per diluted share
0.11
(1.42)
Adjusted operating income
31,813
44,915
Adjusted EBITDA (1)
64,163
72,340
Adjusted net income (loss)
25,434
(145,702)
Adjusted income (loss) per diluted share
0.25
(1.42)
(1) Adjusted to exclude the $10 million insurance deductible associated with a claim for the Ocean GreatWhite.
HOUSTON, April 17, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that it will release its first quarter 2024 operating results on Tuesday, May 7, 2024 after the market closes. The Company has scheduled a conference call and webcast for Wednesday, May 8, 2024 at 8:00 a.m. CDT to discuss the Company's results of operations.
ABOUT DIAMOND OFFSHOREDiamond Offshore is a leader in offshore drilling, providing innovation, thought leadership and contract drilling services to solve complex deepwater challenges around the globe. Additional information and access to the Company's SEC filings are available at http://www.diamondoffshore.com/.
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