Pacific Drilling Posts Q2 Loss On Debt Refinancing Charges - Quick Facts

(RTTNews) - Pacific Drilling S.A. (PACD) reported a second-quarter net loss of $45.58 million or $0.21 per share, which included $66.6 million in non-recurring charges related to the refinancing of Project Facilities Agreement. Net income excluding charges was $21.04 million or $0.10 per share for the quarter. Net income was $1.16 million or $0.01 per share in the second quarter of prior year.

On averae, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $0.04 for the quarter. Analysts' estimates typically exclude special items.

Revenues from contract drilling rose to $176.77 million, from $156.78 million last year. Analysts expected revenue of $176.94 million for the quarter.