Transocean (RIG) Tops Q3 EPS by 16c, Revenues Beat

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Go back to Transocean (RIG) Tops Q3 EPS by 16c, Revenues Beat

Transocean Ltd. Reports Third Quarter 2018 Results

October 29, 2018 4:15 PM EDT

Total contract drilling revenues were $816 million, compared with $790 million in the second quarter of 2018;Revenue efficiency(1) was 95.2%, compared with 97.4% in the prior quarter;Operating and maintenance expense was $447 million, compared with $431 million in the prior period;Net loss attributable to controlling interest was $409 million, $0.88 per diluted share, compared with net loss attributable to controlling interest of $1.135 billion, $2.46 per diluted share, in the second quarter of 2018;Adjusted net income was $30 million, $0.06 per diluted share, excluding $439 million of net unfavorable... More