---
schema_version: "secwatch.filing_event.v1"
accession: "0001451505-23-000093"
form_type: "8-K"
ticker: "RIG"
cik: "0001451505"
company_name: "Transocean Ltd."
filed_at: "2023-07-31T23:59:59+00:00"
generated_at: "2026-06-12T21:55:30.272837+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Transocean Q2 2023 net loss narrows to $165M; revenue up 12% sequentially to $729M

## Summary
- Net loss of $165M ($0.22/diluted share) vs $465M loss in Q1 2023; adjusted net loss $110M ($0.15/share).
- Contract drilling revenues of $729M, up from $649M in Q1; revenue efficiency 97.2%.
- Adjusted EBITDA of $237M vs $217M prior; cash from operations $157M vs -$47M.
- Contract backlog of $9.2B; added $1.2B at ~$456K/dayrate via new contracts.
- Capital expenditures $76M in Q2; CEO cites robust demand for high-spec floaters.

## SEC filing metadata
- accession: 0001451505-23-000093
- form_type: 8-K
- ticker: RIG
- cik: 0001451505
- company_name: Transocean Ltd.
- filed_at: 2023-07-31T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451505/000145150523000093/0001451505-23-000093-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451505/000145150523000093/rig-20230731x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001451505-23-000093
- JSON: https://secwatch.observer/filing/0001451505-23-000093.json
- Plain text: https://secwatch.observer/filing/0001451505-23-000093.txt

## Key facts
- Earnings Releases
  Transocean Ltd. reported second quarter 2023 results: revenue $729 million, net income $165 million, $0.22 per diluted share, EPS $0.22 per diluted share.
  - Period: second quarter 2023
  - Revenue: $729 million
  - Net income: $165 million, $0.22 per diluted share
  - EPS: $0.22 per diluted share
  - Result: reported results
  source text: to this report, is incorporated by reference herein. --- EX-99.1 (EX-99.1) --- ​ TRANSOCEAN LTD. REPORTS SECOND QUARTER 2023 RESULTS ​ ● Total contract drilling revenues were $729 million, compared to $649 million in the first quarter of 2023 (total adjusted contract drilling revenues of $748 million, compared to $667 million in the first quarter of 2023); ●
  evidence_url: https://www.sec.gov/Archives/edgar/data/1451505/000145150523000093/0001451505-23-000093-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.