Transocean Q1 net income $71M, revenue $1.08B, backlog reaches $7.1B with $1.6B new contracts

Transocean Ltd.

2026-Q1 EPS reported $0.06 revenue$1,081,000,000

GAAP net income $71M ($0.06 diluted EPS); adjusted net loss $28M (-$0.03 adjusted EPS).
Contract drilling revenue $1.08B, up from $906M YoY; revenue efficiency 97.3%.
Adjusted EBITDA $440M (40.7% margin) vs $244M (26.9%) YoY.
Early retired $358M of 8.375% notes due 2028, reducing interest cost by ~$40M.
Added $1.6B in new contracts with weighted avg dayrate ~$410k; total backlog $7.1B.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Transocean Ltd. reported first quarter 2026 results: revenue $1.08 billion, net income $71 million, EPS $0.06 per diluted share. Guidance initiated.

Period: first quarter 2026
Revenue: $1.08 billion
Net income: $71 million
EPS: $0.06 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

first quarter 2026 Key points ● Contract drilling revenues were $1.08 billion due in part to strong revenue efficiency (1) of 97.3%. ● Net income was $71 million or $0.06 per diluted share.

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Source: SEC EDGAR

accession 0001451505-26-000041

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