Here's What Key Metrics Tell Us About Transocean (RIG) Q3 Earnings

Core Insights - Transocean reported revenue of $1.03 billion for the quarter ended September 2025, reflecting an 8.4% increase year-over-year and surpassing the Zacks Consensus Estimate of $1.01 billion by 2.12% [1] - The company achieved an EPS of $0.06, compared to $0 in the same quarter last year, resulting in a 50% surprise against the consensus estimate of $0.04 [1] Financial Performance Metrics - Total fleet average daily revenue was $462.3 thousand, exceeding the average estimate of $449.7 thousand from three analysts [4] - Average daily revenue for Ultra Deepwater Floaters was reported at $460.2 thousand, above the three-analyst average estimate of $453.77 thousand [4] - Total fleet average rig utilization stood at 76%, surpassing the average estimate of 74.1% from three analysts [4] - Utilization for Ultra-Deepwater Floaters was 71%, compared to the average estimate of 68.7% [4] Contract Drilling Revenues - Contract drilling revenues for Harsh Environment Floaters reached $332 million, significantly higher than the average estimate of $265.49 million from two analysts, marking an 18.6% year-over-year increase [4] - Contract drilling revenues for Ultra-Deepwater Floaters were reported at $696 million, slightly above the average estimate of $683.9 million, with a year-over-year change of 4.2% [4] Stock Performance - Transocean's shares have returned +20.2% over the past month, outperforming the Zacks S&P 500 composite's +3.8% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]