Diamond Offshore revenue beats on-demand for super-deepwater rig

Diamond Offshore revenue beats on-demand for super-deepwater rig



* 2nd-qtr revenue $0.66/discuss vs est. $0.47

* Really-deepwater device income up 72.8 pct

* Typical evening-prices in device up 11 pct

* Total operating costs down 10.5 pct (Provides facts, quotes, stocks)

August 3 (Reuters) – Stone Offshore Drilling Inc, among the planetis topfive offshore platform companies, documented a higher-than-anticipated quarterly revenue, assisted by interest in its high tech ultra-deepwater rigs along with a fall in running expenses.

Contemporary, quicker stations are cheaper to operate plus they may exercise more proficiently, producing them appealing to gas and oil businesses, that are seeking to reduce spending because of low-oil costs.

Majority-owned by U.S. conglomerate Loews Corp, Diamond Offshore, stated on Friday that income from its super-deepwater company increased 72.8 percent within the second-quarter to $315.7 million.

Typical evening-prices available, which makes up about 1 / 2 of the overall income of the company’s, increased 11 percentage 000, to $483.

Usage prices in its super- its own deepwater rigs company and deepwater rigs business, its second-biggest, increased from 51 percent to 63 percent.

Diamond Offshore stated that it’d gained an 18-month agreement to release its deepwater platform in a price of $ 285, in Sea Top, Sydney.

The Business’s online revenue increased to 66 dollars per share, or $90.4 million, within the quarter ended from $89.7 million. Complete operating costs dropped almost 10.5 percent.

Overall income dropped 8.4 percent.

Experts normally had anticipated a revenue of 47 dollars per income and share of $605.4 million, based on Thomson Reuters I/W/E/S.

The Houston-based firm’s stocks closed about the New York Stock Market at $21.95 on Friday. As much as the near of Friday, 40 percent this season had been dropped by the inventory.