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SDLP - Seadrill Partners Q2 Report And Fleet Status Analysis
Seadrill Partners LLC Representing Limited Liability Company Interests
Seadrill Partners (SDLP) has just reported its second-quarter results and provided its fleet status report. The company reported revenues of $178.5 million and a net loss of $38.8 million. Revenues were down from $203.7 million in the first quarter mostly due to downtime on drillship West Auriga. At the end of the second quarter, Seadrill Partners had $712 million of cash, $139 million of current debt and $2.8 billion of long-term debt. The way Seadrill Partners deals with its debt pile remains the main intrigue in the company’s story. The market has