SDLP - Seadrill Partners LLC Announces Second Quarter 2019 Results
Highlights · Operating revenue of $178.5 million. · Operating income of $5.0 million. · Net loss of $38.8 million · Adjusted EBITDA of $79.8 million. · Cash and cash equivalents of $712.1 million. · Economic utilization of 84%, below our historical performance standards due to West Auriga downtime · Order backlog of $692 million as of August 20, 2019. · 1 cent per common unit distribution for the second quarter of 2019. Subsequent EventsOn July 2, 2019, a one-for-ten reverse unit split was completed. Split-adjusted SDLP common units continue to trade on the