Shelf Drilling, Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 168.1 million compared to USD 150.5 million a year ago. Revenue was USD 183.4 million compared to USD 156 million a year ago.

Net loss was USD 33.4 million compared to USD 4.6 million a year ago. Basic loss per share from continuing operations was USD 0.18 compared to USD 0.03 a year ago.