In Q2 of 2014, Atwood Oceanics Inc., announced that the Company earned net income of $73.3 million or $1.13 per diluted share, on revenues of $273.1 million for the quarter ended March 31, 2014 compared to net income of $83.4 million or $1.28 per diluted share on revenues of $284.7 million for the quarter ended December 31, 2013 and compared to net income of $85.5 million or $1.28 per diluted share, on revenues of $253.2 million for the quarter ended March 31, 2013. For the six months ended March 31, 2014, the Company earned net income of $156.7 million or $2.41 per diluted share, on revenues of compared to net income of $158.4 million or $2.39 per diluted share, on revenues of $498.3 million for the six months ended March 31, 2013.

Rob Saltiel, President and CEO, commented, "Our second quarter financial results were affected negatively by start-up issues with the Atwood Advantage that resulted in 22 zero-rate days in March. The remainder of our rig fleet performed well in the quarter, partially offsetting this lost revenue."

Investor Relations Contact

Mark L. Mey

Senior Vice President and Chief Financial Officer

Atwood Oceanics Inc

Phone: 281-749-7800

E-mail: [email protected]

More Information

Find more about our 2nd Quarter Earnings here

Find more about Atwood Oceanics here

More about our Social Media strategy here

ATWOOD OCEANICS, INC., announced today that the Company earned net income of $83.4 million or $1.28 per diluted share, on revenues of $284.7 million for the quarter ended December 31, 2013 compared to net income of $101.9 million or $1.57 per diluted share on revenues of $292.7 million for the quarter ended September 30, 2013 and compared to net income of $72.8 million or $1.10 per diluted share, on revenues of $245.1 million for the quarter ended December 31, 2012.

Atwood Oceanics, Inc. is a global offshore drilling contractor engaged in the drilling and completion of exploratory and developmental oil and gas wells. The company currently owns 13 mobile offshore  drilling units  and is constructing three ultra-deepwater  drillships.  The  company was founded in 1968 and is headquartered in Houston, Texas. Atwood Oceanics, Inc. common stock is traded on the New York Stock Exchange under the symbol "ATW." 

Questions in some chapters of this Podcast have been paraphrased. For exact phrasing, please navigate to the relevant chapter using your Podcasting app. 

Atwood Oceanics Management Discusses Q4 2013 Results

Friday, November 08, 2013

10:00 AM ET

Atwood Oceanics, Inc. is a global offshore drilling contractor engaged in the drilling and completion of exploratory and developmental oil and gas wells. The company currently owns 13 mobile offshore drilling units and is constructing three ultra-deepwater drillships. The company was founded in 1968 and is headquartered in Houston, Texas.  Atwood Oceanics, Inc. common stock is traded on the New York Stock Exchange under the symbol "ATW."

Earnings Call Transcript