Independence Contract Drilling (ICDIQ)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	6.08 mm	6.08 mm	6.08 mm	6.08 mm	6.08 mm	6.08 mm
Cash burn (monthly)	289.00 k	(no burn)	6.39 mm	5.31 mm	(no burn)	(no burn)
Cash used (since last report)	809.66 k	n/a	17.91 mm	14.88 mm	n/a	n/a
Cash remaining	5.27 mm	n/a	-11.84 mm	-8.80 mm	n/a	n/a
Runway (months of cash)	18.2	n/a	-1.9	-1.7	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2023

ICDIQ institutional ownership history Ownership history

31.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	34	38	-10.5%
Opened positions	3	2	+50.0%
Closed positions	7	9	-22.2%
Increased positions	7	14	-50.0%
Reduced positions	11	10	+10.0%

13F shares	Current	Prev Q	Change
Total value	11.59 bn	14.39 bn	-19.5%
Total shares	4.36 mm	4.70 mm	-7.3%
Total puts	23.40 k	3.00 k	+680.0%
Total calls	7.00 k	31.80 k	-78.0%
Total put/call ratio	3.3	0.1	+3443.4%

Largest owners	Shares	Value	Change
MSD Partners	1.70 mm	$4.64 bn	0.0%
Glendon Capital Management	511.48 k	$1.40 bn	-2.2%
FRFHF Fairfax Financial Holdings Limited	390.29 k	$1.07 bn	0.0%
Tejara Capital	360.92 k	$985.30 mm	+7.6%
Vanguard	319.63 k	$872.60 mm	+41.6%
CastleKnight Management	211.96 k	$578.65 mm	+76.0%
Dimensional Fund Advisors	191.35 k	$522.39 mm	-2.0%
Ancora Advisors	107.47 k	$293.39 mm	0.0%
Geode Capital Management	94.19 k	$257.13 mm	0.0%
Bridgeway Capital Management	74.38 k	$203.06 mm	0.0%

Largest transactions	Shares	Bought/sold	Change
Two Sigma Advisers	0.00	-172.30 k	EXIT
Acadian Asset Management	20.60 k	-94.55 k	-82.1%
Vanguard	319.63 k	+93.85 k	+41.6%
CastleKnight Management	211.96 k	+91.53 k	+76.0%
Jane Street	0.00	-68.52 k	EXIT
Two Sigma Investments	10.80 k	-64.12 k	-85.6%
Renaissance Technologies	71.84 k	-60.92 k	-45.9%
E&G Advisors	54.64 k	+37.14 k	+212.2%
Citadel Advisors	38.82 k	-27.05 k	-41.1%
Tejara Capital	360.92 k	+25.37 k	+7.6%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

ICDIQ insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
20 Dec 24	Vincent J Cebula	Common Stock	Other	Dispose J	No	No	0	44,169	0.00	33,333
19 Dec 24	Robert J. IV Barrett	Common Stock	Sell	Dispose S	No	No	0.0101	42,627	430.53	33,334
17 Dec 24	James Minmier	Common Stock	Sell	Dispose S	No	No	0.0162	8,300	134.46	71,431
17 Dec 24	James Minmier	Common Stock	Sell	Dispose S	No	No	0.016	16,000	256.00	79,731

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Press releases

From Benzinga Pro

Independence Contract Drilling, Inc. Announces Comprehensive Agreement to Deleverage Balance Sheet and Position the Company for Long-Term Success

3 Dec 24

Independence Contract Drilling (ICD) to equitize convertible notes and restructure debt, strengthening the balance sheet and position the Company for long-term growthPre-packaged Chapter 11 filing to facilitate