DryShips inc. reports financial and operating results for the third quarter 2013
DryShips Inc., or DryShips or the Company, an international provider of marine transportati on services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., or Ocean Rig, of offshore deepwater drilling services, today announced its unaudited financial and operating results for the third quarter ended September 30, 2013, the company said in its press release.
For the third quarter of 2013, the Company reported a net loss of $63.9 million, or $0.17 basic and diluted loss per share. Included in the third quarter 2013 results are: - Non-cash write offs and breakage costs associated with the full repayment of Ocean Rig's $800.0 million secured term loan agreement and the two $495.0 million senior secured credit facilities totaling $61.1million or $0.16 per share. Excluding the above item, the Company’s net results would have amounted to a net loss of $27.6 million, or $0.07 per share. The Company reported Adjusted EBITDA of $183.6 million for the third quarter of 2013, as compared to $141.0 million for the third quarter of 2012.
