SDLP - Seadrill Partners: All Quiet On The Debt Front
Seadrill Partners (SDLP) has just presented its Q4 results and fleet status report. The market has been eagerly awaiting the new information from the company following the distribution cut in January and the subsequent slide in the price of Seadrill Partners' units. Let's look at what the company had to report.
Seadrill Partners reported revenues of $219.6 million and net loss of $108 million. This loss was materially impacted by a major income tax expense of $73.3 million - the company recorded a provision due to "recent changes in US tax legislation"