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Independence Contract Drilling (ICD) Revenue & Revenue Breakdown

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Independence Contract Drilling Revenue Highlights

Latest Revenue (Y)

$210.11M

Latest Revenue (Q)

$43.33M

Main Segment (Y)

Dayrate drilling

Independence Contract Drilling Revenue by Period

Independence Contract Drilling Revenue by Year

DateRevenueChange
2023-12-31$210.11M12.53%
2022-12-31$186.71M112.28%
2021-12-31$87.95M5.44%
2020-12-31$83.42M-59.03%
2019-12-31$203.60M42.77%
2018-12-31$142.61M58.44%
2017-12-31$90.01M28.47%
2016-12-31$70.06M-20.76%
2015-12-31$88.42M25.69%
2014-12-31$70.35M64.42%
2013-12-31$42.79M182.92%
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

DateRevenueChange
2024-06-30$43.33M-7.10%
2024-03-31$46.64M1.76%
2023-12-31$45.83M3.77%
2023-09-30$44.16M-21.63%
2023-06-30$56.36M-11.61%
2023-03-31$63.76M5.80%
2022-12-31$60.26M22.61%
2022-09-30$49.15M16.15%
2022-06-30$42.31M20.93%
2022-03-31$34.99M22.51%
2021-12-31$28.56M18.83%
2021-09-30$24.04M21.28%
2021-06-30$19.82M27.51%
2021-03-31$15.54M16.69%
2020-12-31$13.32M30.27%
2020-09-30$10.22M-52.18%
2020-06-30$21.38M-44.46%
2020-03-31$38.49M-15.01%
2019-12-31$45.29M0.49%
2019-09-30$45.07M-14.76%
2019-06-30$52.88M-12.39%
2019-03-31$60.36M-3.87%
2018-12-31$62.79M120.78%
2018-09-30$28.44M10.43%
2018-06-30$25.75M0.50%
2018-03-31$25.63M2.34%
2017-12-31$25.04M6.81%
2017-09-30$23.45M10.15%
2017-06-30$21.29M5.18%
2017-03-31$20.24M12.50%
2016-12-31$17.99M24.36%
2016-09-30$14.46M-4.56%
2016-06-30$15.15M-32.51%
2016-03-31$22.45M-5.20%
2015-12-31$23.69M10.97%
2015-09-30$21.34M1.24%
2015-06-30$21.08M-5.49%
2015-03-31$22.31M-3.08%
2014-12-31$23.01M20.35%
2014-09-30$19.12M30.43%
2014-06-30$14.66M8.21%
2014-03-31$13.55M3.10%
2013-12-31$13.14M13.25%
2013-09-30$11.60M18.60%
2013-06-30$9.78M18.49%
2013-03-31$8.26M-

Independence Contract Drilling generated $43.33M in revenue during Q2 2024, up -7.10% compared to the previous quarter, and up 67.96% 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/ServiceDec 23Dec 22Dec 21Dec 20Dec 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/ServiceMar 24Dec 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 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

TickerCompanyLast Year RevenueLast Quarter Revenue
KLXEKLX Energy Services$888.40M$188.90M
BORRBorr Drilling$800.73M$227.49M
FETForum Energy$738.90M$207.81M
TUSKMammoth Energy Services$309.49M$40.02M

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 Q2 2024 was $43.33M, a -7.10% decrease from the previous quarter (Q1 2024), and a -23.12% decrease year-over-year (Q2 2023). The company'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). ICD'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).

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.