RIG Stock Recent News
RIG LATEST HEADLINES
Following a careful analysis of the Zacks Oil and Gas - Drilling industry, we advise focusing on companies like RIG, HP and PDS.
Transocean (RIG) reported earnings 30 days ago. What's next for the stock?
RIG plans to sell five stacked rigs, including four drillships, incurring a $1.9B charge as it sharpens focus on high-spec assets.
RIG faces steep losses, rising debt and market headwinds after a 43% stock plunge in the past year.
Geopolitical tensions don't stop at the current trade tariff negotiations between the United States and its major trading partners; other complications are now brewing in the energy markets as well. New measures have been implemented to prevent countries from purchasing oil from Russia in an effort to de-escalate the ongoing war with Ukraine.
Transocean Ltd. has just reported another strong quarter. The company's sales and EBITDA remain strong. But even more encouraging, in my view, is the company's improving balance sheet.
RIG expects contract drilling revenues between $1 billion and $1.02 billion and capital expenditures of $25 million to $30 million for the third quarter of 2025.
Transocean Ltd. (NYSE:RIG ) Q2 2025 Earnings Conference Call August 5, 2025 9:00 AM ET Company Participants Alison Johnson - Director of Investor Relations Keelan I.
Although the revenue and EPS for Transocean (RIG) give a sense of how its business performed in the quarter ended June 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Transocean (RIG) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to a loss of $0.15 per share a year ago.