{"schema_version":"secwatch.filing_event.v1","accession":"0001451505-22-000095","form_type":"8-K","ticker":"RIG","cik":"0001451505","company_name":"Transocean Ltd.","filed_at":"2022-11-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.714872+00:00","generated_at":"2026-06-22T13:22:39.525181+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Transocean reports Q3 net loss of $28M; adjusted EBITDA rises to $268M; backlog at $7.3B","bullets":["Net loss attributable to controlling interest $28M ($0.04/diluted share); adjusted net loss $41M ($0.06).","Total contract drilling revenues $691M (flat sequentially); revenue efficiency 95.0% (down from 97.8%).","Adjusted EBITDA $268M, up from $245M in Q2; contract backlog $7.3B as of October 2022.","Cash from operations $230M vs $41M prior quarter; capex $87M primarily for newbuild drillships.","CEO highlights $1.6B incremental backlog since July; strong demand for high-spec rigs expected to continue."],"urls":{"canonical":"https://secwatch.observer/filing/0001451505-22-000095","json":"https://secwatch.observer/filing/0001451505-22-000095.json","markdown":"https://secwatch.observer/filing/0001451505-22-000095.md","text":"https://secwatch.observer/filing/0001451505-22-000095.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1451505/000145150522000095/0001451505-22-000095-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1451505/000145150522000095/rig-20221102x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T13:22:39.525181+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"37e6223921e681a7d350365111bed1c82078224a","claim":"Transocean Ltd. reported third quarter 2022 results: revenue $691 million, net income $28 million, EPS $0.04 per diluted share.","evidence_excerpt":"Total contract drilling revenues were $691 million, compared to $692 million in the second quarter of 2022 (total adjusted contract drilling revenues of $730 million, compared to $722 million in the second quarter of 2022); ● Revenue efficiency (1) was 95.0%, compared to 97.8% in the prior quarter; ● Operating and maintenance expense was $411 million, compared to $433 million in the prior period; ● Net loss attributable to controlling interest was $28 million, $0.04 per diluted share, compared to $68 million, $0.10 per diluted share, in the second quarter of 2022;","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1451505/000145150522000095/0001451505-22-000095-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter 2022"},{"label":"Revenue","value":"$691 million"},{"label":"Net income","value":"$28 million"},{"label":"EPS","value":"$0.04 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}