Transocean Q1 net income $98M, adj. loss $0.03/sh; backlog $8.9B; refinanced $1.8B debt

Transocean Ltd.

2024-Q1 EPS reported $0.11 revenue$763,000,000

Net income $98M ($0.11 diluted EPS); adjusted net loss $22M ($0.03 diluted loss per share).
Contract drilling revenues $763M, up $22M sequentially; O&M expense $523M, down $46M.
Backlog $8.9B; secured 365-day extension on Deepwater Asgard at $505,000/day.
Finalized $1.8B debt refinancing; extended revolving credit facility to mid-2028.

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 0.9

Transocean Ltd. reported first quarter 2024 results: revenue $763 million, net income $98 million, EPS $0.11 per diluted share.

Period: first quarter 2024
Revenue: $763 million
Net income: $98 million
EPS: $0.11 per diluted share
Result: reported results

Exact text from the filing

2024 adjusted net loss was $22 million, $0.03 per diluted share. Contract drilling revenues for the three months ended March 31, 2024, increased sequentially by $22 million to $763 million, primarily due to increased activity for rigs that returned to work or were fully active this quarter after undergoing contract preparation, higher dayrate and higher

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Source: SEC EDGAR

accession 0001451505-24-000052

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