SDLP - Seadrill Partners LLC Announces Third Quarter 2018 Results
Highlights · Operating revenue of $206.2 million. · Operating income of $50.5 million. · Net loss of $18.9 million. · Adjusted EBITDA of $129.9 million. · Cash and cash equivalents of $881.7 million. · Economic utilization of 92%. Excluding downtime for planned maintenance, utilization was 98%. · Order backlog of $1.1 billion as of November 20, 2018. · 10 cent per common unit distribution for the third quarter of 2018. Financial Results Overview Total operating revenues for the third quarter were $206.2 million (2Q18: $418.1 million). The decrease was