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Transocean(RIG) - 2024 Q2 - Quarterly Report
2024-08-01 20:21
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 TABLE OF CONTENTS (Mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 FORM 10-Q OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number 001-38373 Transocean Ltd. (Exact name of registrant as specified in its charter) Switzerland 98-0599916 ...
Transocean(RIG) - 2024 Q2 - Earnings Call Transcript
2024-08-01 18:46
Transocean Ltd. (NYSE:RIG) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Alison Johnson - Director, IR Jeremy Thigpen - CEO Keelan Adamson - President and COO Thad Vayda - EVP and CFO Roddie Mackenzie - EVP and CCO Conference Call Participants Eddie Kim - Barclays Greg Lewis - BTIG David Smith - Pickering Energy Partners Kurt Hallead - Benchmark Doug Becker - Capital One Josh Jayne - Daniel Energy Partners Operator Good day, everyone, and welcome to today's Second Quarter ...
Transocean (RIG) Reports Q2 Loss, Lags Revenue Estimates
ZACKS· 2024-07-31 23:05
Transocean (RIG) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -87.50%. A quarter ago, it was expected that this offshore oil and gas drilling contractor would post a loss of $0.13 per share when it actually produced a loss of $0.03, delivering a surprise of 76.92%.Over the last four quarte ...
Transocean(RIG) - 2024 Q2 - Quarterly Results
2024-07-31 20:43
EXHIBIT 99.1 TRANSOCEAN LTD. REPORTS SECOND QUARTER 2024 RESULTS | | | Three months ended | | | | Three months ended | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | June 30, | March 31, | | sequential | | June 30, | year-over-year | | | | 2024 | 2024 | change | | | 2023 | change | | | (In millions, except per share amounts, percentages and backlog) | | | | | | | | | | Contract drilling revenues | $ 861 | $ 763 | $ 98 | | $ | 729 | $ | 132 | | Adjusted contract drilling revenues | $ 861 | $ ...
Transocean Ltd. Reports Second Quarter 2024 Results
GlobeNewswire News Room· 2024-07-31 20:15
                Three months ended    Three months ended    June 30,  March 31, sequential June 30,  year-over-year 2024 2024 change 2023 change(In millions, except per share amounts, percentages and backlog)              Contract drilling revenues$861  $763  $98  $729  $132 Adjusted contract drilling revenues$861  $767  $94  $748  $113 Revenue efficiency (1)96.9% 92.9% 4.0% 97.2% (0.3)%Operating and maintenance expense$534  $523  $11  $484  $50 Net income (loss) attributable to controlling interest$(123) $ ...
Transocean Ltd. Announces $531 Million Ultra-Deepwater Drillship Contract
Newsfilter· 2024-07-31 10:30
STEINHAUSEN, Switzerland, July 31, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE:RIG) ("Transocean") today announced a 1,095-day contract for the Deepwater Invictus with bp in the U.S. Gulf of Mexico. The program is expected to commence in the first quarter of 2025 and is estimated to contribute approximately $531 million in backlog, excluding additional services and a mobilization fee. About Transocean Transocean is a leading international provider of offshore contract drilling services for oil and gas we ...
Transocean Ltd. Announces $531 Million Ultra-Deepwater Drillship Contract
GlobeNewswire News Room· 2024-07-31 10:30
STEINHAUSEN, Switzerland, July 31, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a 1,095-day contract for the Deepwater Invictus with bp in the U.S. Gulf of Mexico. The program is expected to commence in the first quarter of 2025 and is estimated to contribute approximately $531 million in backlog, excluding additional services and a mobilization fee. About Transocean Transocean is a leading international provider of offshore contract drilling services for oil and gas w ...
Nestle Is A Buy After Real Growth Is Back
Seeking Alpha· 2024-07-27 11:30
robtek Nestle (OTCPK:NSRGY) stock has been battered lately by more than 6% and is down almost 30% since highs achieved at the end of 2021. This is, in my opinion, quite paradoxical because the stock is finally seeing some real volume growth coming back again instead of just price increases caused by inflation worldwide. Investors, at this point, seem not to care, but from this price point, I think the stock is a good buy, especially if you consider lower interest rates arriving in the near future, togeth ...
Transocean Is Struggling With Free Cash Flow
Gurufocus· 2024-07-19 13:00
Transocean Ltd. (RIG, Financial) released its first-quarter 2024 results and its latest fleet status report in April. The contract backlog was $8.90 billion, down from $9 billion in the preceding quarter. However, the company has been awarded a few more contracts since then. For instance, on June 4, the company announced that three harsh-environment semi-subs (Transocean Spitsbergen, Transocean Norge and Transocean Endurance) were contracted for $161 million. Later that month, on June 26, it revealed that D ...
Transocean Ltd. Announces Second Quarter 2024 Earnings Release Date
Newsfilter· 2024-07-17 20:33
STEINHAUSEN, Switzerland, July 17, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE:RIG) announced today that it will report earnings for the second quarter 2024 on Wednesday, July 31, 2024. The company will conduct a teleconference to discuss the results starting at 11 a.m. EDT, 5 p.m. CEST, on Thursday, August 1, 2024. Individuals who wish to participate should dial +1 785-424-1222 approximately 15 minutes prior to the scheduled start time and refer to conference code 119567. The teleconference will be simu ...