earnings
confidence high
sentiment negative
materiality 0.80
Transocean Q1 net loss $79M; revenue down 5% seq to $906M; adj EBITDA $244M
Transocean Ltd.
2025-Q1 EPS reported
-$0.11
revenue$906,000,000
- Net loss attributable to controlling interest $79M ($0.11 diluted loss per share) vs net income $7M in Q4 2024.
- Contract drilling revenues $906M, down $46M sequentially; up $143M YoY from $763M.
- Adjusted EBITDA $244M (26.9% margin) vs $323M (33.9%) in prior quarter.
- Backlog $7.9 billion as of April 2025; repaid $210M in outstanding debt during quarter.
- CEO cites near-term market volatility from uncertain macro conditions but engaged on future opportunities.