Transocean

Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Transocean reports robust Q4 earnings, eyes growth in global markets

Transocean's strong financial performance, strategic investments, and global contract wins position it well for growth despite cost pressures and operational constraints. The company's focus on simplifying its balance sheet and leveraging advanced drillship capabilities underscore its commitment to long-term success in the offshore drilling industry.

Transocean excels in Q1 2023, eyes growth in harsh environments

Transocean's Q1 performance reflects strong financials and market sustainability, supported by a robust backlog and strategic contract wins. While facing challenges in Norway and industry reactivation pace, the company is well-positioned to capitalize on opportunities in high-demand regions and innovative asset utilization.

Transocean reports solid Q2 performance amidst market opportunities

Transocean's Q2 2023 performance showed strong backlog growth and financial resilience.
The company's focus on top assets and long-term contracts positions it well for market improvements.
Challenges include cost management and potential regulatory impacts.
Opportunities lie in increasing demand, market up cycle, and strategic fleet decisions.

Transocean reports robust Q3 results, eyes revenue growth in 2024

Transocean's Q3 performance reflects strength in backlog growth and contract wins, despite challenges in contract lead times and market uncertainties. The company aims for revenue growth in 2024, focusing on long-term contracts and operational efficiency.

Transocean reports robust Q4 earnings and optimistic outlook for growth

Transocean's Q4 performance reflects financial resilience and operational excellence, supported by a strong backlog and strategic financial decisions. While challenges exist in a competitive market, the company's focus on efficiency and long-term contracts presents promising opportunities for sustained success.

Transocean reports solid Q1 performance and eyes growth opportunities

Transocean's Q1 performance showcases resilience amid operational challenges, with a focus on safety, efficiency, and long-term growth. The company's strategic initiatives and positive market outlook position it well to capitalize on increasing demand for deepwater rigs and drive future profitability.

Transocean reports solid Q2 performance, eyes offshore market growth

Transocean's Q2 2024 performance reflects operational stability and strategic contract wins, despite facing challenges in managing costs and profitability.
The company's focus on maximizing shareholder value and reducing debt aligns with efforts to improve financial health and balance sheet strength.
With opportunities in offshore drilling market growth and regional expansions, Transocean remains positioned for long-term success and revenue growth.

Transocean reports solid Q3 performance and bullish outlook for deepwater

Transocean delivered strong financial results in Q3 2024 and has a robust contracting outlook for the future.
Despite challenges related to blowout preventers, the company's focus on optimization and confidence in market demand are key strengths.
Opportunities for growth lie in the company's solidly booked fleet and strategic positioning in the deepwater drilling market.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Transocean (RIG) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to loss of $0.38 per share a year ago.

Transocean (RIG) Reports Q1 Loss, Misses Revenue Estimates

STEINHAUSEN, Switzerland, April 29, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported a net income attributable to controlling interest of $98 million, $0.11 per diluted share, for the three months ended March 31, 2024.

Transocean Ltd. Reports First Quarter 2024 Results

Transocean (RIG)-owned Transocean Enabler rig's latest award involves a 19-well contract, along with eight additional well options. The rig has been used by Equinor (EQNR) for several years.

Transocean (RIG) to Support Equinor's Barents Sea Endeavours

Transocean (NYSE: RIG) stock price has faced major headwinds in the past few months even as energy prices have remained at an elevated level. It has remained in a deep bear market as it collapsed by over 35% from its highest point this year.

Transocean (RIG) earnings preview and stock forecast

Transocean's (RIG) drillships have won contract extensions worth $248 million. The extensions have been awarded by Hess Corporation and TotalEnergies in the Gulf of Mexico and Angola, respectively.

Transocean (RIG) Prolongs Its Stay With Hess and TotalEnergies

Future FinTech Group

Ring Energy

As we look ahead to the coming year, penny stocks may become increasingly popular among investors. With the risk-free rate set to decrease due to lower interest rates, and many analysts predicting a rise in major indices like the S&P 500 and Nasdaq, the stage could be set for these small-cap investments to flourish.

3 Penny Stocks That Could Be Multibaggers in the Making: April Edition

Transocean (RIG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Will Transocean (RIG) Report Negative Earnings Next Week? What You Should Know

STEINHAUSEN, Switzerland, April 18, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today on behalf of Transocean Inc., its wholly-owned subsidiary (the “Company” and, together with Transocean Ltd., “Transocean”), the results of the Company's previously announced tender offers to purchase for cash (collectively, the “Offers” and each, an “Offer”) any and all of its outstanding 11.50% Senior Guaranteed Notes due 2027 (the “2027 Super Priority Guaranteed Notes”) and 7.25% Senior Notes due 2025 (the “2025 Priority Guaranteed Notes,” collectively with the 2027 Super Priority Guaranteed Notes, the “Notes”), in each case, from holders thereof (each, a “Holder” and collectively, the “Holders”). Each of the Notes specified in the table below are referred to as a “series” of Notes. The Offers were made pursuant to an Offer to Purchase, dated April 11, 2024 (the “Offer to Purchase”).

Transocean Ltd. Announces Results of Tender Offers

STEINHAUSEN, Switzerland, April 17, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today the pricing terms of the previously announced cash tender offer by Transocean Inc., its wholly owned subsidiary (the “Company” and, together with Transocean Ltd., “Transocean”), for any and all of the Company's outstanding 11.50% Senior Guaranteed Notes due 2027 (the “2027 Notes”) from holders thereof (each, a “Holder” and collectively, the “Holders”). The cash tender offers previously announced for the 2027 Notes and the 7.25% Senior Notes due 2025 (collectively, the “Notes”) were made pursuant to an Offer to Purchase, dated April 11, 2024 (the “Offer to Purchase”). The offers to purchase for cash the Notes (the “Offers”) will expire at 5:00 p.m., New York City time, today, April 17, 2024, unless extended (such date and time, as may be extended, the “Expiration Date”), or unless earlier terminated.

Transocean Ltd. Announces the Pricing Terms of Pending Tender Offer

Chevron

VAALCO Energy

Halliburton

Kinder Morgan

Marathon Petroleum

Occidental Petroleum

Crude oil prices show little sign of slowing their ascent (and probably won't), meaning it's a great time to consider energy stocks. Yeah, it may not align with contemporary politics and ideologies of pushing green solutions.

7 Energy Stocks Poised to Profit as Crude Oil Prices Soar

STEINHAUSEN, Switzerland, April 11, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that Transocean Inc., its wholly-owned subsidiary (the “Company” and, together with Transocean Ltd., “Transocean”), has priced its previously announced private offering, upsized to $1,800,000,000 in aggregate principal amount, of $900,000,000 aggregate principal amount of Senior Notes due 2029 (the “2029 Notes”) and $900,000,000 aggregate principal amount of Senior Notes due 2031 (the “2031 Notes” and together with the 2029 Notes, the “Notes”) to eligible purchasers pursuant to Rule 144A/Regulation S. The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by Transocean Ltd. and certain of the Company's subsidiaries.

Transocean Ltd. Announces Pricing of Upsized Private Offering of Senior Notes Due 2029 and Senior Notes Due 2031

STEINHAUSEN, Switzerland, April 11, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced that Transocean Inc., its wholly-owned subsidiary (the “Company” and, together with Transocean Ltd., “Transocean”), has commenced an offer to purchase for cash (collectively, the “Offers” and each, an “Offer”) any and all of its outstanding 11.50% Senior Guaranteed Notes due 2027 (the “2027 Super Priority Guaranteed Notes”) and 7.25% Senior Notes due 2025 (the “2025 Priority Guaranteed Notes,” collectively with the 2027 Super Priority Guaranteed Notes, the “Notes”), in each case, from holders thereof (each, a “Holder” and collectively, the “Holders”). Each of the Notes specified in the table below are referred to as a “series” of Notes. The Offers are being made pursuant to an Offer to Purchase, dated April 11, 2024 (the “Offer to Purchase”).

Transocean Ltd. Announces Cash Tender Offers

STEINHAUSEN, Switzerland, April 11, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that Transocean Inc., its wholly-owned subsidiary (the “Company” and, together with Transocean Ltd., “Transocean”), commenced a private offering of $1,500,000,000 aggregate principal amount of Senior Notes due 2029 (the “2029 Notes”) and Senior Notes due 2031 (the “2031 Notes” and together with the 2029 Notes, the “Notes”) to eligible purchasers pursuant to Rule 144A/Regulation S. The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by Transocean Ltd. and certain of the Company's subsidiaries.

Transocean Ltd. Announces Proposed Private Offering of Senior Notes Due 2029 and Senior Notes Due 2031

STEINHAUSEN, Switzerland, April 10, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the first quarter 2024 on Monday, April 29, 2024.

Transocean Ltd. Announces First Quarter 2024 Earnings Release Date

Bit Digital, Inc

Gerdau

Genworth Financial

New Gold

Taboola

Investors should keep their eyes on these best penny stocks to buy in April for substantial gains for the rest of the year. Penny stocks are more affordable than their higher-priced counterparts, allowing investors with limited capital to participate in the stock market and build a diversified portfolio.

The 7 Best Penny Stocks to Buy in April 2024

In the latest trading session, Transocean (RIG) closed at $6.53, marking a -0.15% move from the previous day.

Transocean (RIG) Stock Sinks As Market Gains: Here's Why

Newell Brands

SoFi Technologies

The market has a risk-on sentiment that is shifting investor sentiment to growth stocks. This includes low-priced small-cap equities that trade at a low price.

The 3 Best Under $10 Stocks to Buy in April 2024

Chesapeake Energy

TC Energy

Crude oil prices have been on fire this year with OPEC's production cuts and the anticipation of interest rate pullbacks. Amidst the bullishness, though, it's important to be circumspect, which should have investors considering energy stocks to sell in April.

3 Energy Stocks to Sell in April Before They Crash & Burn

Coupang

Li Auto Inc.

Diversification is the key to create a portfolio that consistently beats inflation and index returns. In the current global scenario, an important part of diversification is exposure to global stocks.

3 Global Stocks That Can Double in the Second Half of 2024

Transocean (RIG) extends the Deepwater Asgard contract by 365 days with the U.S. Gulf of Mexico's independent operator, securing $184 million in backlog.

Transocean (RIG) Announces 1-Year Extension for Deepwater Asgard

STEINHAUSEN, Switzerland, April 01, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a 365-day contract extension for the Deepwater Asgard with an independent operator in the U.S. Gulf of Mexico. The program is expected to commence in June 2024 in direct continuation of the rig's current program and includes additional services. The total contract value of approximately $195 million includes a $10.9 million lump sum payment, which is not included in the estimated backlog of approximately $184 million.

Transocean Ltd. Announces $195 Million Ultra-Deepwater Drillship Contract

Transocean (RIG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Transocean Ltd. (RIG) Is a Trending Stock: Facts to Know Before Betting on It

Transocean (RIG) closed at $6.12 in the latest trading session, marking a -1.61% move from the prior day.

Transocean (RIG) Falls More Steeply Than Broader Market: What Investors Need to Know

In the latest trading session, Transocean (RIG) closed at $6.10, marking a +0.99% move from the previous day.

Transocean (RIG) Outperforms Broader Market: What You Need to Know

Transocean (RIG) reported earnings 30 days ago. What's next for the stock?

News for Transocean Stock (RIG)