Jeremy Poland On Wednesday, July 31, 2024, offshore drilling rig owner Transocean Ltd. (NYSE:RIG) announced its second-quarter 2024 earnings results. At first glance, these results were very disappointing, as the company missed the expectations of its analysts on both a top-line revenue and a bottom-line earnings basis: Seeking Alpha The company's revenues did come in stronger than last year, though, which makes this look a bit better. The company's adjusted EBITDA was likewise stronger than what was seen i ...

MarkusBeck A lot has happened since my last coverage of Transocean (NYSE:RIG). RIG stock surged by about 10% following the publication of the fleet status report. Later on July 31st, a contract worth $531 million at a daily rate of about $485,000 was announced. The company's dayrates surged to record highs, much like the management predicted. The company has just reported its earnings, and more positive announcements are yet to come, it seems. Offshore drillers' earnings are among the most predictable o ...

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (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 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 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) 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 ...

EXHIBIT 99.1 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 | ...

                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) $ ...

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 ...

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 ...

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 ...