SDLP - Seadrill Partners LLC Announces Fourth Quarter 2018 Results
Highlights · Operating revenue of $219.6 million. · Operating income of $49.1 million. · Net loss of $108.0 million, reflecting a tax expense of c.$73 million which includes uncertain tax positions. · Adjusted EBITDA of $130.2 million. · Cash and cash equivalents of $841.6 million. · Economic utilization of 98%. · Order backlog of $920 million as of February 26, 2019. · 1 cent per common unit distribution for the fourth quarter of 2018. Financial Results OverviewTotal operating revenues for the fourth quarter were $219.6 million (3Q18: $206.2 million). The