Transocean, Inc. (RIG) reported an adjusted net loss of 9 cents per share in the fourth quarter of 2023. The figure was narrower than the Zacks Consensus Estimate of a loss of 22 cents per share. Moreover, RIG’s bottom line improved from the year-ago period’s reported loss of 49 cents. This improvement can be attributed to a strong fourth-quarter result from RIG's Ultra-deepwater floaters segment.The offshore drilling powerhouse’s total adjusted revenues of $741 million missed the Zacks Consensus Estimate o ...

Transocean Ltd. (NYSE:RIG) Q4 2023 Earnings Conference Call February 20, 2024 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 & Chief Financial Officer Roddie Mackenzie - Executive Vice President and Chief Commercial Officer Conference Call Participants Kurt Hallead - Benchmark Fredrik Stene - Clarksons Securities Eddie Kim - Barclays David Smith - ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K Commission file number 001-38373 (Mark one) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 TRANSOCEAN LTD. For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Registrant's telephone number, including area code: +41 (41) 749-0500 Securities ...

For the quarter ended December 2023, Transocean (RIG) reported revenue of $748 million, up 19.7% over the same period last year. EPS came in at -$0.09, compared to -$0.49 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $779.17 million, representing a surprise of -4.00%. The company delivered an EPS surprise of +59.09%, with the consensus EPS estimate being -$0.22.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and h ...

             Three months ended     December 31,  September 30, Sequential 2023 2023 change(In millions, except per share amounts and backlog)           Contract drilling revenues$741   $713   $28  Adjusted contract drilling revenues$748   $721   $27  Revenue efficiency 97.0 %  95.4 %  1.6 %Operating and maintenance expense$569   $524   $45  Net loss attributable to controlling interest$(104)  $(220)  $116  Diluted loss per share$(0.13)  $(0.28)  $0.15              Adjusted EBITDA$122   $162   $(40) Adjuste ...

In the latest trading session, Transocean (RIG) closed at $5.17, marking no change from the previous day. This move lagged the S&P 500's daily gain of 0.96%. On the other hand, the Dow registered a gain of 0.4%, and the technology-centric Nasdaq increased by 1.3%.Coming into today, shares of the offshore oil and gas drilling contractor had lost 4.08% in the past month. In that same time, the Oils-Energy sector lost 0.51%, while the S&P 500 gained 3.69%.The investment community will be closely monitoring the ...

STEINHAUSEN, Switzerland, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE:RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company's fleet of offshore drilling rigs. This quarter's report includes the following updates: Transocean Barents – Awarded a minimum 540-day contract in the Romanian Black Sea at a rate of $465,000.Deepwater Skyros – Awarded a three-well extension in Angola at a rate of $400,000.Deepwater Invictus – Award ...

Transocean (NYSE: RIG) stock price has been in trouble as I predicted in October. It was trading at $5.70 on Thursday, down by over 35% from its highest point in 2023. This pullback has brought the company’s market cap to $4.6 billion while its short interest has remained steady at 18.6%. Transocean’s fundamentals are relatively strong. It ended last quarter with over $9.6 billion in order backlog, a record figure that is also 2x that of its nearest competitor. It has continued to add to this backlog after ...

STEINHAUSEN, Switzerland, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE:RIG) announced today that it will report earnings for the fourth quarter and full year 2023 on Monday, February 19, 2024. The company will conduct a teleconference to discuss the results starting at 9 a.m. EST, 3 p.m. CET, on Tuesday, February 20, 2024. Individuals who wish to participate should dial +1 785-424-1226 and refer to conference code 932678 approximately 15 minutes prior to the scheduled start time. The teleconferen ...

STEINHAUSEN, Switzerland, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the fourth quarter and full year 2023 on Monday, February 19, 2024. The company will conduct a teleconference to discuss the results starting at 9 a.m. EST, 3 p.m. CET, on Tuesday, February 20, 2024. Individuals who wish to participate should dial +1 785-424-1226 and refer to conference code 932678 approximately 15 minutes prior to the scheduled start time. The teleconfere ...