Transocean (RIG) Tops Q1 EPS by 2c, Revenues Beat
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Transocean Ltd. Reports First Quarter 2019 Results
April 29, 2019 4:16 PM EDTTotal 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, compared with $497 million in the prior period;Net loss attributable to controlling interest was $171 million, $0.28 per diluted share, compared with net loss attributable to controlling interest of $242 million, $0.48 per diluted share, in the fourth quarter of 2018;Adjusted net loss was $181 million, $0.30 per diluted share, excluding $10 million of net favorable... More
