Earnings Call Excerpt
Diamond Offshore Drilling Inc. (DO)
Q2 2009 Earnings Call
July 23, 2009; 10:00 am ET
Executives
Larry Dickerson - President & Chief Executive Officer
Gary Krenek - Senior Vice President & Chief Financial Officer
Les Van Dyke - Director of Investor Relations
Analysts
Ian Macpherson - Simmons & Company
Joe Hill - Tudor, Pickering
Collin Gerry - Raymond James
Jim Crandell - Barclays
Dan Boyd - Goldman Sachs
Waqar Syed - Tristone Capital
Judd Bailey - Jefferies & Company
Tom Curran - Wells Fargo
Robin Shoemaker - Citigroup
Pierre Conner - Capital One Southcoast
Presentation
Operator
Good morning. My name is Christy and I will be your conference operator today. At this time I would like to welcome everyone to the Diamond Offshore Drilling, second quarter 2009 results conference call. All lines have been placed on mute to prevent any background noise. After the speakers remarks there will be a question-and-answer session. (Operator Instructions)
Mr. Les Van Dyke, you may begin your conference.
Les Van Dyke
Good morning. Thank you for joining us. With me on the call today are Larry Dickerson, President and Chief Executive Officer; and Gary Krenek, Senior Vice President and Chief Financial Officer.
Before Larry begins his remarks, I should remind you that statements made during this conference call may constitute forward-looking statements and are inherently subject to a variety of risks and uncertainties that could cause actual results to differ materially from those projected.
Forward-looking statements include but are not limited to discussion about future revenues and earnings, capital expenditures, industry conditions and competition, dates the drilling rigs will enter service, as well as management’s plans and objectives for the future.
A discussion of the risk factors that could impact these areas and the company’s overall business and financial performance, can be found in the company’s reports filed with the Securities and Exchange Commission.
Given these concerns, investors and analysts should not place undue reliance on forward-looking statements. The company expressly disclaims any obligation to release publicly any updates to any forward-looking statements to reflect any change in the company’s expectation or any changes in events, conditions or circumstances on which any forward-looking statement is based.
With that, I’ll turn the meeting over to Larry.
Larry Dickerson
Thank you very much and thank you all for joining us here for this quarterly conference call. It was an excellent quarter for Diamond Offshore. I think we’re pleased with the amount of earnings that we delivered here and I’ll talk a bit more above how we achieved that.
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