SDRL - Seadrill reports third quarter 2009 results
(Thomson Reuters ONE) - Highlights * Seadrill generates record EBITDA of US$497million for the third quarter 2009 * Seadrill reports net income of US$345 million and earnings per share of US$0.82 for the third quarter 2009 * Seadrill delivers strong improvement in average utilization rate and earnings from deepwater fleet * Seadrill sells the jack-up rig West Ceres for a total consideration of US$178 million * Seadrill secures US$2.1 billion in new financing while repaying a US$ 1.0 billion bridge loan * Seadrill declares US$0.50 per share in cash dividendsThird quarter resultsSeadrill today reported consolidated revenues for the third quarter2009 ofUS$863 million up from to US$816 million for the second quarter 2009.Operating profit for the third quarter was US$394 million as comparedto US$339 million in the second quarter.Operating profit from the Mobile Units increased to US$342 millionfrom US$267 million in the second quarter. The improvement was mainlydue to a full quarter in operation for the new deepwatersemi-submersible rig West Eminence and gain on sale of the jack-upWest Ceres.Operating profit from the Tender Rigs was US$37 million, a decreaseof US$19 million from the preceding quarter. The decrease was mainlydue to one unit coming off contract and being stacked and one unitbeing between contracts with limited earning in the quarter.Operating profit from Well Services amounted to US$15 million,unchanged from the second quarter.Net financial items for the quarter resulted in a loss of US$1million as compared to a gain of US$67 million in the previousquarter. Contribution from associated companies amounted to US$27million whereas other financial items amounted to a loss ofapproximately US$5 million and net interest expense was US$23million.Income taxes were US$47 million resulting in a net income for thequarter of US$345 million.Earnings per share for the third quarter were US$0.82.Chief Executive Officer in Seadrill Management AS Alf C Thorkildsensays in a comment, "We are very pleased to report yet another recordquarter for Seadrill reflecting a strong underlying operationalperformance. Furthermore, we have delivered on our ambition toresume dividend payment before year-end."For further information, please see the third quarter 2009 reportattached.Analyst contact:Jim Dåtland,VP Investor Relations,Seadrill Management AS+47 51 30 99 19Media contact:Trond Brandsrud,Chief Financial Officer,Seadrill Management AS+47 51 30 99 19Seadrill LimitedHamilton, BermudaNovember 5, 2009http://hugin.info/135817/R/1353049/327651.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 05.11.2009 - 17:38 Uhr
Sprache: Deutsch
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