Ensco International Q3 net income decreases

Mon. October 26, 2009; Posted: 04:18 AM

Oct 26, 2009 (Datamonitor via COMTEX) -- ESV | Quote | Chart | News | PowerRating -- Ensco International, an offshore contract drilling company, has reported a net income of $149.7 million, or $1.05 per diluted share, for the third quarter of 2009, compared to $282.3 million, or $1.97 per diluted share, for the same period of 2008.

The company has reported operating revenues of $425.4 million for the third quarter of 2009, compared to $619.5 million for the same quarter of 2008.

Ensco International has reported a net income of $570.7 million, or $4.01 per diluted share, for the first nine months of 2009, compared to $851 million, or $5.91 per diluted share, for the corresponding period of 2008.

Year-to-date operating revenues were $1.45 billion, compared to $1.79 billion for the first nine months of 2008.

Dan Rabun, chairman, president and CEO of Ensco International, said: "We recently added ENSCO 8501 to our active fleet of ultra-deepwater semisubmersibles, and we expect deepwater segment revenues to grow significantly in 2010 and 2011. We also are pleased to report that new and existing customers recently contracted several of our premium jackups."

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For full details on Ensco International Inc (ESV) click here. Ensco International Inc (ESV) has Short Term PowerRatings of 5. Details on Ensco International Inc (ESV) Short Term PowerRatings is available at This Link.

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