Transocean Ltd. Reports First Quarter 2021 Results

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Go back to Transocean Ltd. Reports First Quarter 2021 Results

Transocean (RIG) Tops Q1 EPS by 2c, Revenues Beat

May 3, 2021 4:30 PM EDT

Transocean (NYSE: RIG) reported Q1 EPS of ($0.16), $0.02 better than the analyst estimate of ($0.18). Revenue for the quarter came in at $653 million versus the consensus estimate of $645.71 million.

Total contract drilling revenues were $653 million (total adjusted contract drilling revenues of $709 million), compared with $690 million in the fourth quarter of 2020 (total adjusted contract drilling revenues of $747 million);Revenue efficiency(1)... More