Transocean (RIG) Misses Q1 EPS by 4c

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Go back to Transocean (RIG) Misses Q1 EPS by 4c

Transocean Ltd. Reports First Quarter 2022 Results

May 2, 2022 5:49 PM EDT

Total contract drilling revenues were $586 million, compared to $621 million in the fourth quarter of 2021 (total adjusted contract drilling revenues of $615 million, compared to $671 million in the fourth quarter of 2021);Revenue efficiency(1) was 94.9%, compared to 94.5% in the prior quarter;Operating and maintenance expense was $412 million, compared to $430 million in the prior period;Net loss attributable to controlling interest was $175 million, $0.26 per diluted share, compared to $260 million, $0.40 per diluted share, in the fourth quarter of 2021;Adjusted... More