Independence Contract Drilling (ICD) Revenue & Revenue Breakdown
Independence Contract Drilling Revenue Highlights
Latest Revenue (Y)
$210.11M
Latest Revenue (Q)
$46.64M
Main Segment (Y)
Dayrate drilling
Independence Contract Drilling Revenue by Period
Independence Contract Drilling Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $210.11M | 12.53% |
| 2022-12-31 | $186.71M | 112.28% |
| 2021-12-31 | $87.95M | 5.44% |
| 2020-12-31 | $83.42M | -59.03% |
| 2019-12-31 | $203.60M | 42.77% |
| 2018-12-31 | $142.61M | 58.44% |
| 2017-12-31 | $90.01M | 28.47% |
| 2016-12-31 | $70.06M | -20.76% |
| 2015-12-31 | $88.42M | 25.69% |
| 2014-12-31 | $70.35M | 64.42% |
| 2013-12-31 | $42.79M | 182.92% |
| 2012-12-31 | $15.12M | - |
Independence Contract Drilling generated $210.11M in revenue during NA 2023, up 12.53% compared to the previous quarter, and up 147.33% compared to the same period a year ago.
Independence Contract Drilling Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $46.64M | 1.76% |
| 2023-12-31 | $45.83M | 3.77% |
| 2023-09-30 | $44.16M | -21.63% |
| 2023-06-30 | $56.36M | -11.61% |
| 2023-03-31 | $63.76M | 5.80% |
| 2022-12-31 | $60.26M | 22.61% |
| 2022-09-30 | $49.15M | 16.15% |
| 2022-06-30 | $42.31M | 20.93% |
| 2022-03-31 | $34.99M | 22.51% |
| 2021-12-31 | $28.56M | 18.83% |
| 2021-09-30 | $24.04M | 21.28% |
| 2021-06-30 | $19.82M | 27.51% |
| 2021-03-31 | $15.54M | 16.69% |
| 2020-12-31 | $13.32M | 30.27% |
| 2020-09-30 | $10.22M | -52.18% |
| 2020-06-30 | $21.38M | -44.46% |
| 2020-03-31 | $38.49M | -15.01% |
| 2019-12-31 | $45.29M | 0.49% |
| 2019-09-30 | $45.07M | -14.76% |
| 2019-06-30 | $52.88M | -12.39% |
| 2019-03-31 | $60.36M | -3.87% |
| 2018-12-31 | $62.79M | 120.78% |
| 2018-09-30 | $28.44M | 10.43% |
| 2018-06-30 | $25.75M | 0.50% |
| 2018-03-31 | $25.63M | 2.34% |
| 2017-12-31 | $25.04M | 6.81% |
| 2017-09-30 | $23.45M | 10.15% |
| 2017-06-30 | $21.29M | 5.18% |
| 2017-03-31 | $20.24M | 12.50% |
| 2016-12-31 | $17.99M | 24.36% |
| 2016-09-30 | $14.46M | -4.56% |
| 2016-06-30 | $15.15M | -32.51% |
| 2016-03-31 | $22.45M | -5.20% |
| 2015-12-31 | $23.69M | 10.97% |
| 2015-09-30 | $21.34M | 1.24% |
| 2015-06-30 | $21.08M | -5.49% |
| 2015-03-31 | $22.31M | -3.08% |
| 2014-12-31 | $23.01M | 20.35% |
| 2014-09-30 | $19.12M | 30.43% |
| 2014-06-30 | $14.66M | 8.21% |
| 2014-03-31 | $13.55M | 3.10% |
| 2013-12-31 | $13.14M | 13.25% |
| 2013-09-30 | $11.60M | 18.60% |
| 2013-06-30 | $9.78M | 18.49% |
| 2013-03-31 | $8.26M | - |
Independence Contract Drilling generated $46.64M in revenue during Q1 2024, up 1.76% compared to the previous quarter, and up 77.39% compared to the same period a year ago.
Independence Contract Drilling Revenue Breakdown
Independence Contract Drilling Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Capital modification | $387.00K | $810.00K | $153.00K | - | - |
| Early termination | $5.86M | - | - | - | - |
| Mobilization | $5.12M | $4.72M | $3.28M | $5.37M | - |
| Dayrate drilling | $189.31M | $172.28M | $79.60M | - | - |
| Other | $113.00K | $41.00K | $2.00K | - | - |
| Reimbursables | $9.30M | $8.86M | $4.92M | $11.24M | - |
| Intangible | - | - | - | - | $1.08M |
| Early Termination | - | - | - | - | $1.41M |
| Capital Modification | - | - | - | - | $115.00K |
| Dayrate Drilling | - | - | - | - | $184.37M |
| Other Products And Services | - | - | - | - | $27.00K |
Independence Contract Drilling's latest annual revenue breakdown by segment (product or service), as of Dec 23: Dayrate drilling (90.10%), Reimbursables (4.43%), Early termination (2.79%), Mobilization (2.44%), Capital modification (0.18%), and Other (0.05%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Reimbursables | $3.08M | $5.18M | $2.22M | $1.90M | $2.65M | $2.45M | $2.09M | $1.67M | $1.68M | $1.03M | $1.45M | $759.00K | $1.09M | $404.00K | $1.89M | $2.45M | $3.89M | $2.79M | $2.95M | $1.60M |
| Other | $30.00K | $60.00K | $30.00K | $23.00K | $34.00K | $7.00K | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dayrate drilling | $41.65M | $82.68M | $46.40M | $60.24M | $55.86M | $45.91M | $38.46M | $32.05M | $26.15M | - | - | - | - | - | - | - | - | - | - | - |
| Early termination | $53.00K | $733.00K | $5.13M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Mobilization | $1.83M | $1.19M | $2.56M | $1.37M | $1.16M | $687.00K | $1.60M | $1.27M | $664.00K | $1.39M | $704.00K | $522.00K | $503.00K | $300.00K | $912.00K | $1.54M | $918.00K | $2.01M | $1.18M | $1.26M |
| Capital modification | - | $158.00K | $11.00K | $218.00K | $555.00K | $92.00K | $162.00K | $67.00K | - | - | - | - | - | - | - | - | - | - | - | - |
| Capital Modification | - | - | - | - | - | - | - | - | - | $33.00K | $53.00K | - | - | - | - | $43.00K | $62.00K | $10.00K | - | - |
| Dayrate Drilling | - | - | - | - | - | - | - | - | - | $21.57M | $17.61M | $14.26M | $11.72M | $8.37M | $16.41M | $34.48M | $39.90M | $39.89M | $48.13M | $56.45M |
| Early Termination | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.15M | $2.17M | $27.00K | $590.00K | $314.00K | $501.00K | - |
| Other Products And Services | - | - | - | - | - | - | - | - | - | $2.00K | - | $17.00K | $10.00K | - | - | - | - | - | - | - |
| Intangible | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $46.00K | $1.00M |
Independence Contract Drilling's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Dayrate drilling (89.30%), Reimbursables (6.60%), Mobilization (3.93%), Early termination (0.11%), and Other (0.06%).
Independence Contract Drilling Peer Comparison by Revenue
ICD Revenue FAQ
What is Independence Contract Drilling’s yearly revenue?
Independence Contract Drilling's yearly revenue for 2023 was $210.11M, representing an increase of 12.53% compared to 2022. The company's yearly revenue for 2022 was $186.71M, representing an increase of 112.28% compared to 2021. ICD's yearly revenue for 2021 was $87.96M, representing an increase of 5.44% compared to 2020.
What is Independence Contract Drilling’s quarterly revenue?
Independence Contract Drilling's quarterly revenue for Q1 2024 was $46.64M, a 1.76% increase from the previous quarter (Q4 2023), and a -26.85% decrease year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $45.83M, a 3.77% increase from the previous quarter (Q3 2023), and a -23.94% decrease year-over-year (Q4 2022). ICD's quarterly revenue for Q3 2023 was $44.16M, a -21.63% decrease from the previous quarter (Q2 2023), and a -10.14% decrease year-over-year (Q3 2022).
What is Independence Contract Drilling’s revenue growth rate?
Independence Contract Drilling's revenue growth rate for the last 3 years (2021-2023) was 138.88%, and for the last 5 years (2019-2023) was 3.19%.
What are Independence Contract Drilling’s revenue streams?
Independence Contract Drilling's revenue streams in c 23 are Capital modification, Early termination, Mobilization, Dayrate drilling, Other, and Reimbursables. Capital modification generated $387K in revenue, accounting 0.18% of the company's total revenue, down -52.22% year-over-year. Early termination generated $5.86M in revenue, accounting 2.79% of the company's total revenue Mobilization generated $5.12M in revenue, accounting 2.44% of the company's total revenue, up 8.54% year-over-year. Dayrate drilling generated $189.32M in revenue, accounting 90.10% of the company's total revenue, up 9.89% year-over-year. Other generated $113K in revenue, accounting 0.05% of the company's total revenue, up 175.61% year-over-year. Reimbursables generated $9.3M in revenue, accounting 4.43% of the company's total revenue, up 5.07% year-over-year.
What is Independence Contract Drilling’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Independence Contract Drilling was Dayrate drilling. This segment made a revenue of $189.32M, representing 90.10% of the company's total revenue.