Transocean (RIG) Tops Q2 EPS by 13c, Revenues Beat

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Go back to Transocean (RIG) Tops Q2 EPS by 13c, Revenues Beat

Transocean Ltd. Reports Second Quarter 2018 Results

July 30, 2018 4:16 PM EDT

Total contract drilling revenues were $790 million, compared with $664 million in the first quarter of 2018;Revenue efficiency(1) was 97.4 percent, compared with 91.5 percent in the prior quarter;Operating and maintenance expense was $431 million, compared with $424 million in the prior period;Net loss attributable to controlling interest was $1.135 billion, $2.46 per diluted share, compared with net loss attributable to controlling interest of $210 million, $0.48 per diluted share, in the first quarter of 2018;Adjusted net loss was $18 million, $0.04 per diluted share, excluding $1.117 billion of net unfavorable items. This compares with adjusted net loss of $210 million, $0.48 per diluted share, in the... More