Vantage Drilling Company announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenue of $212,261,000 compared to $219,718,000 a year ago. Income from operations was $77,165,000 compared to $81,720,000 a year ago. Income before income taxes was $36,107,000 compared to $25,499,000 a year ago. Net income was $24,964,000 or $0.07 per diluted share compared to $10,178,000 or $0.03 per diluted share for the same quarter a year ago. The sequential decrease in revenue was primarily due to the Aquamarine Driller remaining idle throughout the quarter. EBITDA for the quarter was $108.9 million as compared to $112.7 million in the prior quarter. CapEx for the second quarter consisted of $14.3 million for operating fleet, which was made up of $13.6 million of fleet capital spares and maintenance CapEx had approximately $763,000 for software upgrade.

For the six months, the company reported total revenue of $429,910,000 compared to $452,183,000 a year ago. Income from operations was $158,218,000 compared to $172,723,000 a year ago. Income before income taxes was $86,880,000 compared to $62,701,000 a year ago. Net income was $46,394,000 or $0.15 per diluted share compared to $35,002,000 or $0.11 per diluted share a year ago. Net cash provided by operating activities was $85,046,000 compared to $139,813,000 a year ago.

The company is currently projecting EBITDA for the third quarter of $88 million to $95 million. Depreciation for the third quarter will be approximately $32 million, and the company estimate interest expense of $47.8 million. The company is estimating profit for the third quarter in the range of $3 million to $10 million or $0.01 to $0.03 per basic share.

For all of 2015, the company continue to estimate income taxes will be approximately 5% to 6% of total revenue.