Transocean (RIG) Misses Q3 EPS by 12c

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Go back to Transocean (RIG) Misses Q3 EPS by 12c

Transocean Ltd. Reports Third Quarter 2023 Results

October 30, 2023 5:39 PM EDT

Total contract drilling revenues were $713 million, compared to $729 million in the second quarter of 2023 (total adjusted contract drilling revenues of $721 million, compared to $748 million in the second quarter of 2023);Revenue efficiency(1) was 95.4%, compared to 97.2% in the prior quarter;Operating and maintenance expense was $524 million, compared to $484 million in the prior quarter;Net loss attributable to controlling interest was $220 million, $0.28 per diluted share, compared to $165 million, $0.22 per diluted share, in the second quarter of 2023;Adjusted EBITDA was $162 million, compared to $237 million in the prior quarter; andContract backlog was $9.4 billion as of the October 2023 Fleet Status Report.... More