Board Believes that the Company Does Not Obtain Sufficient Benefit from its Listing on the Stock Exchange Plan is Subject to Shareholder Approval Parker Drilling Company today announced that its Finance and Strategic Planning Committee, which consists solely of independent directors, has recommended, and its Board of Directors has approved, a plan to cease the registration of the Company's common stock under the [...]
Parker Drilling Company today announced results for the second quarter ended June 30, 2019, which included a net income of $4.6 million, or diluted earnings of $0.31 per share on revenues of $156.0 million. Second quarter Adjusted EBITDA was $37.8 million . Gary Rich, the Company's President and CEO, said, "Our second quarter results, as demonstrated by our positive net income and strong Adjusted EBITDA, is a testament [...]
Parker Drilling Company announced today it intends to report its second quarter 2019 results after the market closes on Monday, August 5, 2019. In conjunction with the release, the Company has scheduled a conference call on Tuesday, August 6, 2019 at 10:00 a.m. Central Time . Those interested in listening to the call may do so by telephone or by audio webcast. By Webcast: Connect to the webcast via the Investor [...]
Rich to Remain During Interim Period to Ensure Smooth Transition Board Commences Search for Permanent Successor Parker Drilling Company today announced that Gary Rich has decided to retire from his roles as President, Chief Executive Officer, and Director of Parker Drilling later this year. Rich plans to remain in his current roles for an interim period to support a smooth transition. The Board of Directors will engage a [...]
HOUSTON, May 7, 2019 /PRNewswire/ -- Parker Drilling Company today announced results for the first quarter ended March 31, 2019, which included a net loss of $90.2 million, or a $9.63 loss per common share on revenues of $157.4 million. First quarter Adjusted EBITDA was $28.4 million.1 Gary Rich, the Company's President and CEO, said, "With our financial restructuring now complete, we are well positioned to successfully [...]
Parker Drilling Company announced today it intends to report its first quarter 2019 results after the market closes on Tuesday, May 7, 2019. In conjunction with the release, the Company has scheduled a conference call on Wednesday, May 8, 2019 at 10:00 a.m. Central Time . Those interested in listening to the call may do so by telephone or by audio webcast. By Webcast: Connect to the webcast via the Investor Relations [...]
Parker Drilling Company today announced that its common stock has been approved for listing on the NYSE. Parker expects that the common stock will begin trading on NYSE on or around April 3, 2019. The trading symbol for the common stock is "PKD," which is the same trading symbol used for the Company's common stock when it was listed previously on the NYSE. "The relisting of our new common stock on the NYSE is another [...]
Emerges From Chapter 11 With Financial Foundation That Will Support Its Strategy for Profitable Growth Parker Drilling Company today announced that it has successfully completed its financial restructuring and emerged from Chapter 11 protection. Parker moves forward with a stronger financial position, having reduced total debt by approximately two-thirds, from $585 million to $210 million, and securing access to $50 [...]
Plan Calls For Significant Reduction of Debt, Access to Additional Capital Company Expects to Emerge from Chapter 11 Later this Month Parker Drilling Company today announced that the United States Bankruptcy Court for the Southern District of Texas has confirmed the Amended Joint Chapter 11 Plan of Reorganization of Parker and its debtor affiliates. Parker expects to complete its restructuring and successfully emerge from [...]
Parker Drilling Company today announced the expected move of trading of the Company's Common Stock to the OTC Pink Marketplace from the New York Stock Exchange . The Common Stock is expected to begin trading on the OTC Pink Marketplace operated by OTC Markets Group Inc. under ticker symbol "PKDSQ" upon the opening of trading on December 13, 2018. This move should not disrupt the trading of the Common Stock. As noted in [...]
Company Files Voluntary Pre-Arranged Chapter 11 Plan of Reorganization Strengthened Financial Foundation to Position Parker to Better Take Advantage of Opportunities Customers and Employees Expected to See No Interruptions; Trade Creditors Anticipated to be Paid in Full in the Ordinary Course of Business Parker Drilling Company today announced that it and its material U.S. subsidiaries have entered into a restructuring [...]
Parker Drilling Company today announced results for the third quarter ended September 30, 2018, which included a net loss of $71.9 million, or a $7.70 loss per common share on revenues of $123.4 million. Included in the reported net loss is an impairment loss of $44.0 million. Excluding the impairment loss, the adjusted net loss was $2.99 per common share. Third quarter Adjusted EBITDA was $15.0 million. Gary Rich, the [...]
+1040,00 %
-79,49 %