secwatch.observer — SEC 8-K summary
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Issuer:     DIAMOND OFFSHORE DRILLING, INC. (—)
CIK:        0000949039
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001193125-24-133714
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Diamond Offshore Q1 net income $11.6M ($0.11/diluted); backlog $1.9B; secured $731M in contracts YTD
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- Q1 revenue $274.6M vs $297.6M in Q4 2023; adjusted net income $25.4M ($0.25/diluted) vs loss in prior quarter.
- Year-to-date contract awards total $731M, including $713M in Q1 for two-year extensions for Ocean BlackLion and BlackHornet.
- Post-quarter, signed ~$18M one-well contract for Ocean BlackRhino; prepaid before commencement.
- Ocean GreatWhite repairs on schedule; expected back on location in first half of June.
- Secured marketing rights for three 7th-gen drillships (West Dorado, West Draco, Tidal Action) in Brazil, West Africa, and US GOM.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/949039/000119312524133714/0001193125-24-133714-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/949039/000119312524133714/d50266d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-133714

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer