{"schema_version":"secwatch.filing_event.v1","accession":"0001451505-23-000057","form_type":"8-K","ticker":"RIG","cik":"0001451505","company_name":"Transocean Ltd.","filed_at":"2023-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.916226+00:00","generated_at":"2026-06-16T04:50:50.660437+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Transocean Q1 net loss $465M, revenue up 7% sequentially; backlog $8.6B","bullets":["Net loss attributable to controlling interest of $465M ($0.64 per diluted share) versus $350M loss in Q4 2022.","Total contract drilling revenues of $649M, up from $606M in Q4 2022; adjusted revenues of $667M.","Adjusted EBITDA of $217M, compared to $140M in prior quarter; adjusted net loss of $275M ($0.38 per share).","Revenue efficiency 97.8%; operating and maintenance expense $409M, down from $423M.","Contract backlog $8.6B as of April 2023; net cash used in operations $47M versus $178M provided in Q4."],"urls":{"canonical":"https://secwatch.observer/filing/0001451505-23-000057","json":"https://secwatch.observer/filing/0001451505-23-000057.json","markdown":"https://secwatch.observer/filing/0001451505-23-000057.md","text":"https://secwatch.observer/filing/0001451505-23-000057.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1451505/000145150523000057/0001451505-23-000057-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1451505/000145150523000057/rig-20230501x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T04:50:50.660437+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":"873c687e0e236449936cd5b89a823dcb4b112526","claim":"Transocean Ltd. reported first quarter 2023 results: revenue $649 million, net income $465 million, EPS $0.64 per diluted share.","evidence_excerpt":"TRANSOCEAN LTD. REPORTS FIRST QUARTER 2023 RESULTS ​ ● Total contract drilling revenues were $649 million, compared to $606 million in the fourth quarter of 2022 (total adjusted contract drilling revenues of $667 million, compared to $625 million in the fourth quarter of 2022); ● Revenue efficiency (1) was 97.8%, compared to 98.0% in the prior quarter; ● Operating and maintenance expense was $409 million, compared to $423 million in the prior period; ● Net loss attributable to controlling interest was $465 million, $0.64 per diluted share, compared to $350 million, $0.48 per diluted share, in the fourth quarter of 2022; ● Adjusted EBITDA was $217 million, compared to $140 million in the prior quarter; and ● Contract backlog was $8.6 billion as of the April 2023 Fleet Status Report.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1451505/000145150523000057/0001451505-23-000057-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2023"},{"label":"Revenue","value":"$649 million"},{"label":"Net income","value":"$465 million"},{"label":"EPS","value":"$0.64 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"}