SDLP - Seadrill Partners LLC Announces First Quarter 2017 Results
Highlights · Operating revenue of $327.5 million. · Operating income of $173.4 million. · Net income of $106.9 million. · Adjusted EBITDA of $261.3 million. · Cash and cash equivalents of $862.4 million. · Economic utilization of 99%. · Order backlog of $2.1 billion and average contract duration of 1.5 years as of May 24, 2017 Financial Results Overview Total operating revenues for the first quarter were $327.5 million (4Q16: $353.3 million). The decrease was primarily driven by a full quarter of idle time for the West Leo, partially offset by higher uptime on