Transocean Ltd. Reports First Quarter 2019 Results
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Transocean (RIG) Tops Q1 EPS by 2c, Revenues Beat
April 29, 2019 4:22 PM EDTTransocean (NYSE: RIG) reported Q1 EPS of ($0.30), $0.02 better than the analyst estimate of ($0.32). Revenue for the quarter came in at $799 million versus the consensus estimate of $742.91 million.
Total contract drilling revenues were $754 million (total adjusted contract drilling revenues of $799 million), compared with $748 million in the fourth quarter of 2018 (total adjusted contract drilling revenues of $770 million);Revenue efficiency(1) was 98%, compared with 96% in the prior quarter;Operating and maintenance expense was $508 million,... More