Transocean reports Q3 net loss of $1.92B, includes $1.91B impairment; adjusted net income $62M

Transocean Ltd.

2025-Q3 EPS reported -$3.23 revenue$2,922,000,000

Net loss attributable to controlling interest $1.92B ($2.00/share) vs adjusted net income $62M ($0.06/share).
Contract drilling revenues $1.03B, up from $988M sequentially; revenue efficiency 97.5%.
Adjusted EBITDA $397M, margin 38.7%.
Backlog $6.7B as of October 2025 Fleet Status Report.
CEO targets ~$1.2B debt reduction by end of 2025, annual interest savings ~$83M.

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