Transocean Q4 net loss widens to $350M; revenue down 12% sequentially

Transocean Ltd.

2022-FY EPS reported -$0.89 revenue$2,575,000,000

Net loss attributable to controlling interest of $350M ($0.48/diluted share) vs $28M in Q3 2022.
Contract drilling revenues $606M, down from $691M in Q3; adjusted EBITDA $140M vs $268M.
Revenue efficiency improved to 98.0% from 95.0% in prior quarter.
Contract backlog $8.5B as of Feb 2023; CEO notes $4B in incremental backlog added in 2022.
Full year 2022 net loss $621M ($0.89/diluted share); adjusted net loss $648M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Transocean Ltd. reported financial results for fourth quarter and full year 2022.

Period: fourth quarter and full year 2022
Result: reported results

Exact text from the filing

Transocean Ltd.’s press release dated February 21, 2023, concerning financial results for the fourth quarter and full year 2022, furnished as Exhibit 99.1 to this report, is incorporated by reference herein.

View on SEC.gov

3 earnings releases filed in the last 30 days. Browse all earnings releases →

Transocean Ltd. filing history →

Source: SEC EDGAR

accession 0001451505-23-000021

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.