Transocean (RIG) Tops Q4 EPS Expectations; Rig Utilization Dipped 10 Points

Transocean (NYSE: RIG) reported Q4 EPS of $1.68, $0.95 better than the analyst estimate of $0.73. Revenue for the quarter came in at $1.85 billion versus the consensus estimate of $1.44 billion.

• Revenue efficiency was 95.9 percent, up from 95.0 percent in the third quarter of 2015;
• Rig utilization was 60 percent, compared with 70 percent in the prior quarter; and
• Contract backlog was $15.5 billion as of the February 11, 2016, Fleet Status Report.

For earnings history and earnings-related data on Transocean (RIG) click here.

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