Core Insights - Transocean reported revenue of $1.04 billion for the quarter ended December 2025, reflecting a 9.6% increase year-over-year and a slight revenue surprise of +0.44% over the Zacks Consensus Estimate [1] - The company's EPS was $0.02, a significant improvement from -$0.09 in the same quarter last year, although it fell short of the consensus estimate of $0.09 by -76.47% [1] Financial Performance - Total fleet average rig utilization was 85.8%, exceeding the average estimate of 82.2% from three analysts [4] - Ultra-Deepwater Floaters achieved a utilization rate of 82.1%, surpassing the average estimate of 77.5% [4] - Average daily revenue for Harsh Environment Floaters was $449.8 thousand, slightly above the estimated $445.6 thousand [4] - Total fleet average daily revenue was reported at $461.3 thousand, compared to the average estimate of $460.69 thousand [4] - Average daily revenue for Ultra Deepwater Floaters was $466 thousand, marginally below the estimated $467.12 thousand [4] - Utilization for Harsh Environment Floaters was 96.6%, slightly below the average estimate of 97.2% [4] Contract Drilling Revenues - Contract drilling revenues for Ultra-Deepwater Floaters reached $724 million, exceeding the estimated $715.42 million and representing a year-over-year increase of +7.3% [4] - Contract drilling revenues for Harsh Environment Floaters were $319 million, significantly higher than the estimated $265.02 million, marking a +15.2% increase compared to the previous year [4] Stock Performance - Transocean's shares have returned +34.3% over the past month, contrasting with a -0.8% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Wall Street analysts expect Transocean (RIG) to post quarterly earnings of $0.09 per share in its upcoming report, which indicates a year-over-year increase of 200%. Revenues are expected to be $1.04 billion, up 9.1% from the year-ago quarter.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Prior to a company's earnings rele ...

Core Insights - Transocean (RIG) is expected to report quarterly earnings of $0.09 per share, reflecting a year-over-year increase of 200% and revenues of $1.04 billion, up 9.1% from the previous year [1] Earnings Estimates - Revisions to earnings estimates are crucial for predicting investor actions, with empirical research showing a strong correlation between earnings estimate trends and short-term stock performance [2] Analyst Forecasts - Analysts predict 'Contract drilling revenues - Ultra-Deepwater Floaters' to reach $715.42 million, indicating a year-over-year increase of 6% [4] - The consensus for 'Contract drilling revenues - Harsh Environment Floaters' is $265.02 million, reflecting a year-over-year decrease of 4.3% [4] Utilization Metrics - The average total fleet utilization is estimated at 82.2%, up from 66.8% a year ago [5] - 'Utilization - Ultra-Deepwater Floaters' is forecasted at 77.5%, compared to 64.3% in the same quarter last year [5] - 'Utilization - Harsh Environment Floaters' is expected to be 97.2%, up from 75.0% year-over-year [7] Average Daily Revenue - 'Average Daily Revenue - Harsh Environment Floaters' is forecasted at $445.60 thousand, slightly down from $452.60 thousand in the same quarter last year [6] - 'Average Daily Revenue - Total fleet average daily revenue' is expected to be $460.69 thousand, up from $434.70 thousand a year ago [6] - 'Average Daily Revenue - Ultra Deepwater Floaters' is estimated at $467.12 thousand, compared to $428.20 thousand last year [7] Stock Performance - Over the past month, Transocean shares have increased by 54.6%, while the Zacks S&P 500 composite has decreased by 1.7% [7] - Currently, RIG holds a Zacks Rank 3 (Hold), indicating that its performance may align with the overall market in the near future [7]

Core Insights - Precision Drilling reported a net loss of CAD 42 million in the fourth quarter, primarily due to non-cash charges related to rig decommissioning and drill pipe adjustments, but excluding these, net income would have been CAD 42 million, a significant improvement from CAD 15 million in the same quarter of the previous year [2][7] - The company achieved adjusted EBITDA of CAD 126 million in Q4, slightly up from CAD 121 million year-over-year, indicating stable operational performance [3][7] - Precision's strategy focuses on debt reduction, share repurchases, and maintaining steady operations, with expectations for increased activity in 2026 supported by long-term contracts [4][5] Financial Performance - In Q4, Precision averaged 66 active rigs in Canada, with daily operating margins reported at CAD 14,132, down from CAD 14,559 in Q4 2024 [1] - The U.S. operations averaged 37 active rigs, with daily margins of $8,754, slightly higher than the previous quarter [7] - Internationally, the company averaged seven active rigs, with day rates increasing by 8% year-over-year to $53,505 due to fewer non-billable days [8] Guidance and Strategy - For Q1 2026, Precision anticipates a peak rig count of 87 in Canada, with operating margins expected between CAD 14,000 and CAD 15,000 per day [12] - The U.S. rig count is expected to remain steady at 37, with margins projected between $8,000 and $9,000 per day [13] - The company plans to allocate CAD 245 million for capital expenditures in 2026, focusing on sustaining and infrastructure investments [15] Debt and Shareholder Returns - Precision reduced its net debt by CAD 101 million in 2025, achieving a net debt-to-adjusted EBITDA ratio of 1.2x, and repurchased CAD 76 million of shares [6][9] - The company aims to allocate 35% to 45% of free cash flow to share buybacks, aligning with its commitment to shareholder returns [9] International Operations - Precision is pursuing international reactivations in Saudi Arabia and Kuwait, with plans to deploy additional rigs in these markets [19][20] - An MOU in Argentina aims to leverage idle rigs and digital technology, potentially leading to the deployment of 1-3 rigs over the next couple of years [20][21] Operational Insights - The company is focusing on enhancing customer relationships and exploring creative commercial arrangements to drive revenue growth [17] - Management noted that the rig decommissioning charge was a strategic decision based on industry trends, with plans to strip usable parts from decommissioned rigs [23]

CALGARY, Alberta, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Total Energy Services Inc. (“Total Energy”) (TSX:TOT) will conduct a conference call and webcast following the release of its financial results for the three months ended December 31, 2025. The financial results will be released prior to the conference call. Daniel Halyk, President and CEO will host the call. Open to:Shareholders and other interested personsDate:March 11, 2026Time:9:00 a.m. (Mountain Time)Call:(800) 715-9871 or (647) 932-3411 A live webca ...

Core Viewpoint - Noble Corporation plc is set to report its financial results for the fourth quarter and full year 2025 on February 11, 2026, after the U.S. market closes [1]. Financial Reporting - The earnings press release and accompanying presentation will be available on the Noble website [1]. - A conference call regarding the financial results will take place on February 12, 2026, at 8:00 a.m. U.S. Central Time, with a dial-in option available [2]. Company Overview - Noble Corporation is a leading offshore drilling contractor in the oil and gas industry, operating a modern and advanced fleet [3]. - The company has been engaged in contract drilling since 1921, focusing on ultra-deepwater and high specification jackup drilling opportunities globally [3].

Capital Expenditure Budget - Total Energy Services Inc. has announced a preliminary 2026 capital expenditure budget of $55.8 million, which includes $34.8 million for maintenance capital and $21.0 million for growth capital [1] - The capital expenditure program will be financed through cash on hand and cash flow from operations [1] Maintenance Capital Allocation - Of the $34.8 million maintenance capital budget, $28.4 million will be allocated to equipment maintenance, re-certifications, and the purchase of new drill pipe [2] - The remaining $6.4 million is non-recurring, with $4.0 million for upgrading enterprise resource planning systems and $2.4 million for acquiring a leased operating facility in the United States [2] Growth Capital Focus - The $21.0 million growth capital is primarily aimed at constructing a new service rig for deployment in Australia and expanding the North American natural gas compression fleet [3] - The Australian service rig is expected to be operational by the second quarter of 2027 under a long-term contract [3] Carryover Commitments - Approximately $24.5 million of 2025 capital expenditure commitments will carry into 2026, mainly for expanding the CPS segment's fabrication capacity in the U.S., upgrading an idle Australian service rig, and enhancing several Canadian drilling rigs [4] - The CPS segment's expansion is anticipated to be completed by the first quarter of 2027, while the Australian service rig is expected to be operational by the second quarter of 2026 [4] Dividend Increase - The Board of Directors has approved a 20% increase in the quarterly dividend to $0.12 per common share, effective for the quarter ending March 31, 2026 [5] Company Overview - Total Energy provides contract drilling services, rentals, transportation services, well servicing, and compression and process equipment to energy and other resource industries from operational centers in North America and Australia [6]

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]

Core Viewpoint - Total Energy Services Inc. has announced a normal course issuer bid to repurchase shares, which is expected to enhance shareholder value by increasing their equity stake in the company [1][4]. Group 1: Normal Course Issuer Bid Details - The normal course issuer bid will commence on October 21, 2025, and will expire on October 20, 2026, with the Toronto Stock Exchange having accepted the notice [1]. - Total Energy may purchase up to 1,841,300 shares, which is 5% of the total outstanding shares as of October 16, 2025, with a maximum daily purchase limit of 12,837 shares based on the average daily trading volume [2]. Group 2: Previous Share Buyback Performance - In the previous normal course issuer bid that ended on October 20, 2025, Total Energy purchased 1,679,360 shares at an average price of $11.33 per share, representing 88% of the authorized shares for repurchase [3]. Group 3: Financial Stewardship and Shareholder Value - Total Energy has returned approximately $360 million to its shareholders through dividends, distributions, and share buybacks, including $6.66 per share in dividends and distributions [4]. - The company views the current market conditions as favorable for share repurchases, which is anticipated to benefit remaining shareholders by increasing their equity investment in Total Energy [4]. Group 4: Company Overview - Total Energy is headquartered in Calgary, Alberta, and provides various services including contract drilling, equipment rentals, and well servicing to the energy and resource industries in North America and Australia [5].

Core Viewpoint - Total Energy Services Inc. has successfully extended its $170 million revolving syndicated bank credit facilities to January 10, 2029, with no changes to the terms and conditions of the facility [1]. Company Overview - Total Energy Services Inc. is headquartered in Calgary, Alberta, and provides a range of services including contract drilling, equipment rentals, transportation services, well servicing, and compression and process equipment to the energy and other resource industries [2]. - The company's common shares are listed on the TSX under the symbol "TOT" [2].