Transocean Q3 net loss $494M on $617M impairment; adjusted net income $64M

Transocean Ltd.

2024-Q3 EPS reported -$0.65 revenue$2,572,000,000

Revenue $948M (+$87M QoQ, +$235M YoY); adjusted EBITDA $342M (36% margin).
Backlog $9.3B; 97% of active fleet contracted in 2025.
Free cash flow $136M; capex $58M mainly for Deepwater Aquila.
Loss on impairment of assets $617M ($0.64/diluted share).

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