SDLP - Seadrill Partners LLC Announces First Quarter 2019 Results
Highlights · Operating revenue of $203.7 million. · Operating income of $34.9 million. · Net loss of $51.3 million · Adjusted EBITDA of $109.0 million. · Cash and cash equivalents of $772.9 million. · Economic utilization of 97%. · Order backlog of $755 million as of May 23, 2019. · 1 cent per common unit distribution for the first quarter of 2019. Financial Results Overview Total operating revenues for the first quarter were $203.7 million (4Q18: $219.6 million). The decrease was primarily due to a full quarter of idle time for the West Aquarius and