Q2 2019 Seadrill Partners LLC Earnings Call
London, United Kingdom, June 19, 2019: Seadrill Partners ("SDLP" or the "Company") is pleased to announce changes to its Management team and Board of Directors, effective July 1, 2019. John T. Roche will be appointed as Chief Executive Officer and join the Board of Directors. John has been SDLP`s Chief Financial Officer since 2015 and his appointment to CEO comes following the previously announced decision by Mark Morris to step down at the end of June 2019.
London, United Kingdom, August 9, 2019 - Seadrill Partners LLC is scheduled to release its second quarter 2019 results on Tuesday August 20th, 2019. A conference call and.
London, United Kingdom, December 19, 2019 - Seadrill Partners LLC (the “Company”) advises that the 2019 Annual Meeting of the Members of the Company was held on December 19,.
Highlights Operating revenue of $184.8 millionOperating income of $13.0 millionNet loss of $54.2 millionAdjusted EBITDA of $91.9 millionCash and cash equivalents of $653.6.
Seadrill Partners LLC (OTCQB:SDLPF) ("Seadrill Partners" or the "Company") announces today that a distribution of $0.01 per unit has been declared with respect to the third quarter ended September 30, 2019, in line with the second quarter distribution. Such statements are generally not historical in nature, and specifically include statements about the Company's plans, strategies, business prospects, changes and trends in its business and the markets in which it operates. In particular, statements regarding offshore drilling markets, the Company's ability to make cash distributions, the expected performance of the drilling units in the Company's fleet, estimated duration of customer contracts, contract dayrate amounts, contract backlog, forecasts of operating income and Adjusted EBITDA and the ability of the Company and Seadrill Limited to negotiate with lenders are considered forward looking statements.
Q1 2019 Seadrill Partners LLC Earnings Call
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Seadrill Partners LLC and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Moody's Investors Service ("Moody's") today downgraded Seadrill Partners LLC's (SDLP) corporate family rating (CFR) to Caa3 from Caa2 and probability of default rating (PDR) to Ca-PD from Caa2-PD. Concurrently, Moody's downgraded the rating assigned to the senior secured term loan B due 2021 and borrowed by SDLP's subsidiaries Seadrill Operating LP and Seadrill Partners Finco LLC to Caa3 from Caa2.
Q4 2019 Seadrill Partners LLC Earnings Call
Split-adjusted SDLP common units continue to trade on the New York Stock Exchange under the same ticker symbol "SDLP" and the outstanding amount was reduced from 75,278,250 to approximately 7,527,830. Early termination payments for the West Capricorn, while received over the remaining contract term through late July 2019, have been recognized as other revenues in Q2. Operating income was $5.0 million (1Q19: $34.9 million).
London, United Kingdom, August 2, 2019 - Seadrill Partners LLC ("SDLP" or "the Company") has received an early termination notice for the West Vencedor contract offshore Cote d’Ivoire prior to its commencement which was expected in Q3 2019. The unit had recently completed its work in Myanmar and will now stay in Southeast Asia to be marketed for additional opportunities. Seadrill Partners is expected to receive a lump sum early termination payment in Q3 2019 of approximately the amount of adjusted EBITDA that would have been earned under the firm term of the contract and backlog will decrease by $20 million. Such statements are generally not historical in nature, and specifically include statements about the Company's plans, strategies, business prospects, changes and trends in its business and the markets in which it operates.
SDRL earnings call for the period ending June 30, 2019.
Seadrill Partners LLC (SDLP) ("Seadrill Partners" or the "Company") announces today that it will reduce the quarterly distribution to its common unitholders to 1 cent per unit, down from the reverse split adjusted first quarter level of 10 cents per unit. While we continue to see improvements in tendering activity and dayrates, the reduced distribution level reflects the Company's desire to preserve liquidity ahead of debt maturities in the second half of 2020 and first quarter of 2021. Such statements are generally not historical in nature, and specifically include statements about the Company's plans, strategies, business prospects, changes and trends in its business and the markets in which it operates.
London, United Kingdom, July 19, 2019 - Seadrill Partners ("SDLP" or "the Company") has secured a one year contract for the West Polaris in Southern Asia. Total contract value is expected to be approximately $72 million (including performance incentive and mobilization fees) and commencement is expected in Q1 2020. Such statements are generally not historical in nature, and specifically include statements about the Company`s plans, strategies, business prospects, changes and trends in its business and the markets in which it operates.
Q3 2019 Seadrill Partners LLC Earnings Call
London, United Kingdom, November 12, 2019 - Seadrill Partners LLC announces today that it has scheduled its 2019 Annual Meeting. Notice is hereby given that the Annual Meeting.
Seadrill Partners LLC (“Seadrill Partners” or the “Company”) announces the successful completion of amendments to three of its secured credit facilities (the “Facilities”) to remove a clause requiring the Company to maintain a listing on the NYSE or the Oslo Stock Exchange. While these amendments have eliminated requirements under the Facilities to be listed on an exchange, the Company intends to appeal the previously announced NYSE delisting determination and obtain a listing on another exchange if the appeal is not successful. Such statements are generally not historical in nature, and specifically include statements about the Company’s plans, strategies, business prospects, changes and trends in its business and the markets in which it operates.
Seadrill Partners LLC (SDLP) (“Seadrill Partners” or the “Company”) has received notification from The New York Stock Exchange (the “NYSE”) that trading in the Company’s common units has been suspended and proceedings to delist the Company’s common units have commenced. The NYSE reached its decision due to the Company’s low market capitalization pursuant to Section 802.01B of the NYSE’s Listed Company Manual. The Company expects its common units to trade in the over the counter (“OTC”) market beginning on September 6, 2019 under the ticker symbol “SDLPF”.
London, United Kingdom, November 14, 2019 - Seadrill Partners LLC is scheduled to release its third quarter 2019 results on Thursday November 21st, 2019. A conference call and.