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

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

Transocean Ltd. Reports First Quarter 2021 Results

May 3, 2021 4:22 PM EDT

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) was 97.4%, compared with 97.2% in the prior quarter;Operating and maintenance expense was $435 million, compared with $465 million in the prior period;Net loss attributable to controlling interest was $99 million, $0.16 per diluted share, compared with net loss attributable to controlling interest of $37 million, $0.06 per diluted share, in the fourth quarter of 2020;Adjusted EBITDA was $245 million, compared with adjusted EBITDA of $210 million in the prior quarter;... More