Transocean

Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Transocean reports robust Q4 earnings, eyes growth in global markets

Transocean's strong financial performance, strategic investments, and global contract wins position it well for growth despite cost pressures and operational constraints. The company's focus on simplifying its balance sheet and leveraging advanced drillship capabilities underscore its commitment to long-term success in the offshore drilling industry.

Transocean excels in Q1 2023, eyes growth in harsh environments

Transocean's Q1 performance reflects strong financials and market sustainability, supported by a robust backlog and strategic contract wins. While facing challenges in Norway and industry reactivation pace, the company is well-positioned to capitalize on opportunities in high-demand regions and innovative asset utilization.

Transocean reports solid Q2 performance amidst market opportunities

Transocean's Q2 2023 performance showed strong backlog growth and financial resilience.
The company's focus on top assets and long-term contracts positions it well for market improvements.
Challenges include cost management and potential regulatory impacts.
Opportunities lie in increasing demand, market up cycle, and strategic fleet decisions.

Transocean reports robust Q3 results, eyes revenue growth in 2024

Transocean's Q3 performance reflects strength in backlog growth and contract wins, despite challenges in contract lead times and market uncertainties. The company aims for revenue growth in 2024, focusing on long-term contracts and operational efficiency.

Transocean reports robust Q4 earnings and optimistic outlook for growth

Transocean's Q4 performance reflects financial resilience and operational excellence, supported by a strong backlog and strategic financial decisions. While challenges exist in a competitive market, the company's focus on efficiency and long-term contracts presents promising opportunities for sustained success.

Transocean reports solid Q1 performance and eyes growth opportunities

Transocean's Q1 performance showcases resilience amid operational challenges, with a focus on safety, efficiency, and long-term growth. The company's strategic initiatives and positive market outlook position it well to capitalize on increasing demand for deepwater rigs and drive future profitability.

Transocean reports solid Q2 performance, eyes offshore market growth

Transocean's Q2 2024 performance reflects operational stability and strategic contract wins, despite facing challenges in managing costs and profitability.
The company's focus on maximizing shareholder value and reducing debt aligns with efforts to improve financial health and balance sheet strength.
With opportunities in offshore drilling market growth and regional expansions, Transocean remains positioned for long-term success and revenue growth.

Transocean reports solid Q3 performance and bullish outlook for deepwater

Transocean delivered strong financial results in Q3 2024 and has a robust contracting outlook for the future.
Despite challenges related to blowout preventers, the company's focus on optimization and confidence in market demand are key strengths.
Opportunities for growth lie in the company's solidly booked fleet and strategic positioning in the deepwater drilling market.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Transocean Ltd. (NYSE:RIG ) Q1 2023 Earnings Conference Call May 2, 2023 9:00 AM ET Company Participants Alison Johnson – Director-Investor Relations Jeremy Thigpen – Chief Executive Officer Keelan Adamson – President and Chief Operating Officer Mark Mey – Executive Vice President and Chief Financial Officer Roddie Mackenzie – Executive Vice President and Chief Commercial Officer Conference Call Participants James West – Evercore ISI Thomas Johnson – Morgan Stanley Eddie Kim – Barclays David Smith – Pickering Energy Partners Kurt Hallead – Benchmark Fredrik Stene – Clarksons Securities Operator Good day, everyone and welcome to Q1 2023 Transocean's Earnings Call.

Transocean Ltd. (RIG) Q1 2023 Earnings Call Transcript

Transocean (RIG) came out with a quarterly loss of $0.38 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to loss of $0.28 per share a year ago.

Transocean (RIG) Reports Q1 Loss, Tops Revenue Estimates

STEINHAUSEN, Switzerland, May 01, 2023 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported a net loss attributable to controlling interest of $465 million, $0.64 per diluted share, for the three months ended March 31, 2023.

Transocean Ltd. Reports First Quarter 2023 Results

MGM Resorts

NXP Semiconductors

In early regular-session trading on Friday, the Dow Jones industrials were down 0.14%, the S&P 500 down 0.07% and the Nasdaq 0.31% lower.

Earnings Previews: MGM Resorts, NXP Semiconductors, Transocean

While strong revenue efficiency is likely to have boosted Transocean's (RIG) first-quarter results, escalation in costs might have neutralized those gains.

Will Transocean's (RIG) Revenue Efficiency Boost Q1 Earnings?

Transocean (RIG) and Eneti plan to start a joint venture, focusing on offshore wind foundation installation activities.

Transocean (RIG) & Eneti Team Up for Offshore Wind Projects

First Republic

The SPDR S&P 500 ETF SPY traded in a very tight range last week, leaving traders perplexed with regard to near-term market momentum. On Tuesday morning, however, the S&P has softened up slightly, and continued losses on the day may be an indicator that stocks have put in a near-term top.

First Republic Bank, Transocean – Two Heavily Shorted Stocks Down Significantly In Early Session On Tuesday

Transocean (RIG) revises down incremental backlog in its first-quarter fleet status report, prompting a 4.4% decline in its stock price.

Transocean (RIG) Corrects Q1 Fleet Status Report, Stock Falls

STEINHAUSEN, Switzerland, April 19, 2023 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) and Eneti Inc. (NYSE: NETI) (“Eneti”) announced today the execution of a non-binding memorandum of understanding through their respective subsidiary companies indicating their intention to form a joint venture company that will engage in offshore wind foundation installation activities.

Transocean and Eneti Announce Intention to Enter into Joint Venture for Offshore Wind Foundation Installation

STEINHAUSEN, Switzerland, April 19, 2023 (GLOBE NEWSWIRE) -- On April 18, 2023, Transocean Ltd. published its quarterly fleet status report. The purpose of this press release is to correct an error in the first sentence of the third paragraph. The press release stated that the incremental backlog associated with the fixtures identified in the second paragraph was approximately $645 million. The correct amount is $546 million. The corrected amount is reflected in the updated press release, which follows. All other information remains unchanged, including the company's total backlog of $8.6 billion as of April 18, 2023.

CORRECTING and REPLACING -- Transocean Ltd. Provides Quarterly Fleet Status Report

Transocean: New Fleet Status Report Unlikely To Be A Catalyst For The Shares

Transocean Ltd.: Not Much Left To Expand

Transocean: Generating Hope, But Not Much Else

STEINHAUSEN, Switzerland, April 11, 2023 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the first quarter 2023 after the close of trading on the NYSE on Monday, May 1, 2023.

Transocean Ltd. Announces First Quarter 2023 Earnings Release Date

Chevron

Occidental Petroleum

The oil and gas sector has faced turbulent times with the possibility of a global recession. This has translated into some correction for oil and gas stocks.

3 Oil and Gas Stocks to Buy on Correction

Black Stone Minerals LP

Delek Logistics Partners

EnLink Midstream

Enterprise Products Partners

Energy Transfer LP Unit

Equitrans Midstream

Global Partners

Hess

Hess Midstream Partners

Cheniere Energy

NGL Energy Partners

Plains All American Pipeline

Tellurian

Targa Resources

Western Gas Partners

Energy Select Sector SPDR Fund

Exxon Mobil

The energy sector gained 6.3% in response to surging oil prices and improving oil-market fundamentals. Oilfield services was the best-performing energy sub-sector.

Energy Income Weekly: Improving Oil Market Fundamentals To Drive Energy Outperformance

Transocean (RIG) wins two contracts worth $113 million for harsh environment semisubmersibles. It also secures a $91 million plug and abandonment deal in Australia and a $22 million one-well option in Norway.

Transocean (RIG) Continues to Secure Drilling Contracts

Albemarle

Pinterest

Borr Drilling Ltd

Amdocs

Hecla Mining

Li Auto Inc.

Finding the right growth stocks for a down market can be tricky. The last 12 months have been challenging for equity markets.

7 Growth Stocks That Are Defying the Market Downturn

Transocean (RIG) has secured two drilling contracts, worth $382 million, from Equinor. The agreements include a strategic partnership to explore areas including technology and sustainability.

Transocean (RIG) Secures 2 Drilling Contracts From Equinor

STEINHAUSEN, Switzerland, March 29, 2023 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today announced contract fixtures for two of its harsh environment semisubmersibles. Together, the fixtures represent approximately $113 million in firm contract backlog.

Transocean Ltd. Announces Harsh Environment Contract Award and Extension Totaling $113 Million

Company secures eagerly-awaited follow-on work with Equinor for two of its so-called Category D ("CAT-D") rigs at respectable terms. Total firm backlog addition amounts to $382 million. Both rigs will be upgraded at the expense of Equinor.

Transocean Secures Important CAT-D Rig Contracts With Equinor - Buy On Weakness

STEINHAUSEN, Switzerland, March 28, 2023 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today announced contract awards for two of its harsh environment semisubmersibles. Together, the fixtures represent approximately $382 million in firm contract backlog.

Transocean Ltd. Announces Harsh Environment Contract Awards Totaling $382 Million with Equinor, Enters into Collaboration Agreement

Antero Midstream Partners

Carnival

Robinhood

iQIYI

While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy.

5 Very Well-Known ‘Strong Buy' Stocks Trading Under $10 With Huge Upside Potential

Transocean (RIG) reported earnings 30 days ago. What's next for the stock?

Why Is Transocean (RIG) Down 1.2% Since Last Earnings Report?

Transocean reported its year end earnings and shares have sold off in recent weeks. I talk about the sector outlook from Transocean as well as a piece from Noble Corporation's earnings call.

News for Transocean Stock (RIG)