Pacific Drilling (PACD) Misses Q4 EPS by 20c
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Pacific Drilling Announces Fourth-Quarter and Full-Year 2015 Results
February 29, 2016 7:53 PM ESTConference call set 9 a.m. Central time Tuesday, March 1
Adjusted EBITDA(a) for the fourth quarter of $149.8 million, representing an adjusted EBITDA margin(b) of 56.0 percent, and adjusted EBITDA for the full year of $595.1 million, an increase of 5.6 percent over the prior years adjusted EBITDA Revenue efficiency(c) of 97.3 percent for the fourth quarter yielded revenue of $267.6 million. For the full year, revenue efficiency of 94.7 percent yielded revenue of $1,085.1 million. Cash flow from operations for the full year was a record $422.1... More