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.

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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.

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The expected uptick in offshore oil and gas exploration spending presents opportunities for companies such as SLB (SLB), Seadrill (SDRL) and Transocean (RIG).

Optimistic Outlook for Offshore Drilling as E&P Capex Surge

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Transocean (RIG) concluded the recent trading session at $5.59, signifying a -1.93% move from its prior day's close.

Transocean (RIG) Registers a Bigger Fall Than the Market: Important Facts to Note

Transocean (RIG) closed the most recent trading day at $6.25, moving -1.57% from the previous trading session.

Transocean (RIG) Declines More Than Market: Some Information for Investors

Transocean LTD. has a strong balance sheet, with net property and equipment assets that far exceed its total debt. Transocean LTD. has so many assets that even in a bankruptcy scenario shareholders could still expect to see gains from a cash payout from liquidation proceeds. The company's contract backlog of $9.4 billion and its new drillships recently placed into production suggest healthy profits in the coming years.

Transocean: Rising Day Rates In Offshore Drilling Will Likely Lead To Profitability

Transocean is benefiting from a record contract backlog, supporting a strong growth outlook. An expectation for climbing earnings and ongoing balance sheet deleveraging are key fundamental tailwinds for the stock. We expect shares to rally higher alongside a rebound in the broader energy sector through 2024.

Transocean: 5 Reasons To Be Bullish Into 2024

Transocean Ltd. continues to renew several existing contracts and to sign some new ones at a higher dayrate. Transocean's dayrate reached $391 thousand (+14% y/y) in 3Q 2023. The company is focused on the highest-specification fleet. The current oil price dynamics are impacting investor perception of Transocean stock and influencing its recent decline.

Transocean: Set To Rise In 2024

Transocean (RIG) inks a robust $251-million deal with OMV Petrom S.A., reinforcing its dominance in the challenging Romanian Black Sea environment.

Transocean (RIG) Signs a $251M Contract for Barents Rig

STEINHAUSEN, Switzerland, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a minimum 540-day contract for the Transocean Barents with OMV Petrom S.A. in the Romanian Black Sea at a rate of $465,000 per day, excluding additional services. The program is expected to commence in the first quarter of 2025 and is estimated to contribute approximately $251 million in backlog, excluding full compensation for mobilization and a demobilization fee. For each day over 540 days, including the two option periods, the operating dayrate will be $480,000.

Transocean Ltd. Announces $251 Million Harsh Environment Semisubmersible Contract

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

Why Is Transocean (RIG) Down 4.8% Since Last Earnings Report?

Transocean's stock price has dropped due to factors such as debt exchange and earnings results. The company's liquidity and financial position improved after issuing new shares in exchange for bonds, reducing debt and interest payments. Despite some negative indicators, Transocean's earnings results were better than predicted, and the company's clients are willing to pay a premium for its services.

Transocean Stock: Bulls, Do Not Despair

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Transocean (RIG) expects adjusted contract drilling revenues of $760 million in the fourth quarter of 2023, based on a fleet-wide revenue efficiency of 96.5%.

Transocean (RIG) Q3 Loss Wider Than Expected, Revenues Miss

Transocean Ltd. (NYSE:RIG ) Q3 2023 Earnings Conference Call October 31, 2023 9:00 AM ET Company Participants Alison Johnson - Director of Investor Relations Jeremy Thigpen - Chief Executive Officer Mark Mey - Executive Vice President & Chief Financial Officer Roddie Mackenzie - Executive Vice President & Chief Commercial Officer Conference Call Participants Greg Lewis - BTIG Eddie Kim - Barclays Kurt Hallead - Benchmark David Smith - Pickering Energy Partners Scott Gruber - Citigroup Fredrik Stene - Clarksons Securities Operator Good day everyone and welcome to today's Q3 2023 Transocean's Earnings Call.

Transocean Ltd. (RIG) Q3 2023 Earnings Call Transcript

Transocean (NYSE: RIG) stock price continued its bearish trend this week as energy shares retreated. The shares crashed to a low of $6.51 on Monday, the lowest level since June 30th.

Transocean stock price: RIG is at risk of diving as earnings miss

Although the revenue and EPS for Transocean (RIG) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Transocean (RIG) Reports Q3 Earnings: What Key Metrics Have to Say

Transocean (RIG) came out with a quarterly loss of $0.36 per share versus the Zacks Consensus Estimate of a loss of $0.22. This compares to loss of $0.06 per share a year ago.

Transocean (RIG) Reports Q3 Loss, Lags Revenue Estimates

STEINHAUSEN, Switzerland, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported a net loss attributable to controlling interest of $220 million, $0.28 per diluted share, for the three months ended September 30, 2023.

Transocean Ltd. Reports Third Quarter 2023 Results

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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.

Analysts Estimate Transocean (RIG) to Report a Decline in Earnings: What to Look Out for

After the close of Wednesday's session, leading offshore driller Transocean released a rather disappointing fleet status report. While the company added approximately $745 million in incremental backlog, the vast majority was derived from previously disclosed long-term contract awards for the drillships Dhirubhai Deepwater KG1 and Deepwater Aquila. Transocean experienced a number of delays to long-term contract commencements which might result in the requirement for management to lower near-term expectations on the upcoming Q3 conference call.

Transocean: Uninspiring Fleet Status Report Not Likely To Provide A Catalyst - Buy On Weakness

Transocean (RIG) closed at $7.58 in the latest trading session, marking a +0.93% move from the prior day.

News for Transocean Stock (RIG)