Rowan Companies is an offshore drilling contractor that provides drilling services to the petroleum industry. The Company operates a fleet of rigs including offshore drilling jackup rigs and ultra-deepwater drillships. Its offshore jackup rigs include cantilever jackup rigs that are designated as Gorilla Class rigs, Super Gorilla Class rigs, Tarzan Class rigs, 240C Class Rigs, EXL class rigs and N-class rigs, as well as conventional jackup rigs. Its ultra-deepwater drillships are based on the Gusto MSC P10,000 class with capacity for 12,000’ of riser and a variable deck load capacity of 20,000 tons.

TypePublic
HQHouston, US
Founded1923
Size (employees)2,800 (est)-4%
Websiterowan.com
Rowan Companies was founded in 1923 and is headquartered in Houston, US
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Rowan Companies Office Locations

Rowan Companies has offices in Houston and Aberdeen
Houston, (HQ)
5450 Williams Tower 2800 Post Oak Blvd
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Rowan Companies Financials and Metrics

Rowan Companies Revenue

Rowan Companies's revenue was reported to be $2.14 b in FY, 2015 which is a 17.1% increase from the previous period.
USD

Net income (Q2, 2018)

(189.0m)

Market capitalization (12-Dec-2018)

1.4b

Closing stock price (12-Dec-2018)

11.0
Rowan Companies's current market capitalization is $1.4 b.
Annual
USDFY, 2013FY, 2014FY, 2015

Revenue

1.6b1.8b2.1b

Revenue growth, %

16%17%

General and administrative expense

115.8m

Operating expense total

1.8b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q2, 2018

Revenue

382.8m377.6m422.9m467.7m547.0m508.7m545.4m500.2m611.9m379.4m374.3m320.2m

General and administrative expense

33.3m29.9m29.1m33.0m27.6m31.2m29.7m26.9m26.1m23.5m24.0m22.0m

Operating expense total

314.3m301.0m360.6m361.5m372.5m385.8m716.0m332.8m335.7m345.8m296.5m294.1m

Depreciation and amortization

69.3m95.4m104.1m98.9m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

1.1b339.2m484.2m1.3b

Inventories

45.5m29.3m26.5m23.5m

Current Assets

1.5b941.1m921.3m1.6b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

1.0b1.4b1.2b707.7m56.8m198.6m290.5m595.2m761.4m1.0b1.2b1.1b1.2b

Current Assets

1.6b1.9b1.7b1.3b612.0m763.9m836.3m1.0b1.3b1.5b1.5b1.5b

PP&E

6.3b6.8b7.0b7.5b7.9b7.9b7.5b7.3b

Total Assets

8.0b8.8b8.8b8.8b8.5b8.7b8.3b8.4b8.6b8.7b8.6b8.5b8.3b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

252.6m(114.9m)93.3m

Depreciation and Amortization

271.0m322.6m392.7m

Inventories

16.3m568.0k9.2m

Accounts Payable

32.4m(20.6m)23.2m(4.0m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018

Net Income

202.9m59.6m32.8m119.6m123.7m208.4m(31.0m)122.8m339.5m345.0m122.8m339.5m(189.0m)

Depreciation and Amortization

200.4m70.9m77.7m81.5m89.7m185.2m290.1m98.9m199.0m301.2m99.1m304.0m

Accounts Payable

16.0m14.7m28.3m(17.2m)11.2m(18.3m)

Cash From Operating Activities

392.0m448.7m658.9m160.1m388.4m688.6m241.0m
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Rowan Companies Online and Social Media Presence

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Rowan Companies News and Updates

Monteverde & Associates PC Files Class Action Lawsuit On Behalf Of Shareholders Of Rowan Companies plc In The U.S District Court For The Southern District Of New York

NEW YORK, Nov. 29, 2018 /PRNewswire/ -- Notice is hereby given that Monteverde & Associates PC has filed a class action lawsuit in the United States District Court for the Southern District of New York, Case No. 1:18-cv-10423-JPO, on behalf of public common shareholders of Rowan Companies ...

SHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of Rowan Companies plc. - RDC

NEW YORK, Oct. 30, 2018 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a boutique securities firm headquartered at the Empire State Building in New York City, is investigating the Board of Directors of Rowan Companies plc. ("As "Rowan" or the...
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Rowan Companies Company Life and Culture

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Rowan Companies Frequently Asked Questions

  • When was Rowan Companies founded?

    Rowan Companies was founded in 1923.

  • How many employees does Rowan Companies have?

    Rowan Companies has 2,800 employees.

  • Who are Rowan Companies competitors?

    Competitors of Rowan Companies include Titan Energy, Noble Corporation and Cameron.

  • Where is Rowan Companies headquarters?

    Rowan Companies headquarters is located at 5450 Williams Tower 2800 Post Oak Blvd, Houston.

  • Where are Rowan Companies offices?

    Rowan Companies has offices in Houston and Aberdeen.

  • How many offices does Rowan Companies have?

    Rowan Companies has 2 offices.