{"schema_version":"secwatch.filing_event.v1","accession":"0001451505-25-000076","form_type":"8-K","ticker":"RIG","cik":"0001451505","company_name":"Transocean Ltd.","filed_at":"2025-08-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.017471+00:00","generated_at":"2026-05-17T21:24:40.862829+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Transocean Q2 net loss $938M on $1.128B impairment; adjusted net income $19M","bullets":["GAAP net loss $938M ($1.06/diluted share); adjusted net income $19M (adj. EPS nil).","Contract drilling revenue $988M, up $82M sequentially and $127M YoY; adjusted EBITDA $344M (34.9% margin).","Recorded $1.128B impairment of assets (net of tax) and $24M loss on debt conversion, partly offset by $195M discrete tax items.","Backlog $7.2B as of July 2025 fleet status report; cash from ops $128M, capex $24M.","CEO confirms on track to reduce debt by over $700M in 2025; free cash flow $104M."],"urls":{"canonical":"https://secwatch.observer/filing/0001451505-25-000076","json":"https://secwatch.observer/filing/0001451505-25-000076.json","markdown":"https://secwatch.observer/filing/0001451505-25-000076.md","text":"https://secwatch.observer/filing/0001451505-25-000076.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1451505/000145150525000076/0001451505-25-000076-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1451505/000145150525000076/rig-20250804x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T21:24:40.862829+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}