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Transocean (RIG) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to loss of $0.03 per share a year ago.
STEINHAUSEN, Switzerland, April 28, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported a net loss attributable to controlling interest of $79 million, or loss of $0.11 per diluted share, for the three months ended March 31, 2025.
RIG is expected to have earned higher revenues than the year-ago level. Despite this revenue growth, it is likely to have faced increased costs and expenses during the first quarter.
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.
STEINHAUSEN, Switzerland, April 17, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that, due to a scheduling conflict, it is changing the time of its first quarter 2025 earnings call. It will now conduct the teleconference starting at 10 a.m. EDT, 4 p.m. CEST, on Tuesday, April 29, 2025.
EQNR states that it has received the green light to drill a production well at the Alve field off the coast of Norway. The site's water depth is 370 meters.
STEINHAUSEN, Switzerland, April 16, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company's fleet of offshore drilling rigs.
STEINHAUSEN, Switzerland, April 10, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the first quarter 2025 on Monday, April 28, 2025.
I believe Transocean stock is deeply undervalued, trading at 1/5th of book value and well below its historical P/CF median, despite nearing full fleet utilization through 2026. I'm projecting continued pricing power in high-spec 8th Gen rigs, with contracts exceeding $600k/day and a secured $8.3B backlog that supports stable revenue visibility into, at least, 2027. That said, I don't like the $6.3B net debt, especially as interest expenses account for ~10% of total revenue; this will weigh on earnings if rates stay elevated.
On Monday, oil prices fell sharply once again, with Brent crude dropping as low as $62.51 per barrel and West Texas Intermediate (WTI) falling to $58.95 before settling slightly higher by the end of the day.