Independence Contract Drilling, Inc. (ICD) Q4 2022 Earnings Call Transcript

Independence Contract Drilling, Inc. (NYSE:ICD) Q4 2022 Earnings Conference Call March 2, 2023 12:00 PM ET

Company Participants

Anthony Gallegos – President and Chief Executive Officer

Philip Choyce – Executive Vice President and Chief Financial Officer

Conference Call Participants

Don Crist – Johnson Rice

Steve Ferazani – Sidoti

Dave Storms – Stonegate Capital Markets

David Marsh – Singular Research

Jeff Robertson – Water Tower Research

Dick Ryan – Oak Ridge Financial


Hello and welcome to the Independence Contract Drilling Inc. Fourth Quarter and Year End 2022 Financial Results Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Philip Choyce, Executive Vice President and Chief Financial Officer. Please go ahead.

Philip Choyce

Good morning, everyone and thank you for joining us today to discuss ICD’s fourth quarter 2022 results. With me today is Anthony Gallegos, our President and Chief Executive Officer.

Before we begin, I would like to remind all participants that our comments today will include forward-looking statements, which are subject to certain risks and uncertainties. A number of factors and uncertainties could cause actual results in future periods to differ materially from what we talk about today. For a complete discussion of these risks, we encourage you to read the company’s earnings release and our documents on file with the SEC. In addition, we refer to non-GAAP measures during the call. Please refer to the earnings release and our public filings for a full reconciliation of net income and loss to adjusted net income and loss, EBITDA and adjusted EBITDA and for definitions of our non-GAAP measures.

And with that, I will turn it over to Anthony for opening remarks.

Anthony Gallegos

Hello, everyone. Thank you for joining us for our fourth quarter earnings conference call. And during my

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