Transocean Ltd. Reports Second Quarter 2019 Results

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Go back to Transocean Ltd. Reports Second Quarter 2019 Results

Transocean (RIG) Misses Q2 EPS by 1c

July 29, 2019 4:26 PM EDT

Transocean (NYSE: RIG) reported Q2 EPS of ($0.34), $0.01 worse than the analyst estimate of ($0.33). Revenue for the quarter came in at $805 million versus the consensus estimate of $766.51 million.

Total contract drilling revenues were $758 million (total adjusted contract drilling revenues of $805 million), compared with $754 million in the first quarter of 2019 (total adjusted contract drilling revenues of $799 million);Revenue efficiency(1) was 97.8%, compared with 97.9% in the prior... More