---
schema_version: "secwatch.filing_event.v1"
accession: "0001451505-24-000052"
form_type: "8-K"
ticker: "RIG"
cik: "0001451505"
company_name: "Transocean Ltd."
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:17:04.309734+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001451505-24-000052
- form_type: 8-K
- ticker: RIG
- cik: 0001451505
- company_name: Transocean Ltd.
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451505/000145150524000052/0001451505-24-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451505/000145150524000052/rig-20240429x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001451505-24-000052
- JSON: https://secwatch.observer/filing/0001451505-24-000052.json
- Plain text: https://secwatch.observer/filing/0001451505-24-000052.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1451505/000145150524000052/0001451505-24-000052-index.htm

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