---
schema_version: "secwatch.filing_event.v1"
accession: "0001451505-24-000110"
form_type: "8-K"
ticker: "RIG"
cik: "0001451505"
company_name: "Transocean Ltd."
filed_at: "2024-07-31T23:59:59+00:00"
generated_at: "2026-05-31T14:20:16.923883+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Transocean Q2 2024 net loss $123M, revenue $861M, backlog $8.64B

## Summary
- Net loss attributable to controlling interest $123M ($0.15 diluted loss per share) vs prior quarter net income of $98M.
- Contract drilling revenues $861M, up $98M sequentially, driven by higher rig utilization and revenue efficiency.
- Adjusted EBITDA $284M (33.0% margin) vs $199M (26.0%) in Q1 2024.
- Revenue efficiency improved to 96.9% from 92.9% in the prior quarter.
- Backlog $8.64 billion; CEO highlights continued 20K operations with Beacon in U.S. Gulf of Mexico.

## SEC filing metadata
- accession: 0001451505-24-000110
- form_type: 8-K
- ticker: RIG
- cik: 0001451505
- company_name: Transocean Ltd.
- filed_at: 2024-07-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1451505/000145150524000110/0001451505-24-000110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451505/000145150524000110/rig-20240731x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001451505-24-000110
- JSON: https://secwatch.observer/filing/0001451505-24-000110.json
- Plain text: https://secwatch.observer/filing/0001451505-24-000110.txt

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