---
schema_version: "secwatch.filing_event.v1"
accession: "0001451505-26-000058"
form_type: "8-K"
ticker: "RIG"
cik: "0001451505"
company_name: "Transocean Ltd."
filed_at: "2026-08-05T21:09:41+00:00"
generated_at: "2026-08-05T21:12:45.553058+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Transocean Q2 net income $170M, backlog $6.7B; adds $292M in new contracts

## Summary
- Q2 contract drilling revenues $966M, net income $170M ($0.04 diluted EPS), adjusted EBITDA $312M (32.2% margin).
- Free cash flow $212M; total liquidity >$1.3B including undrawn revolver.
- Added $292M backlog at weighted avg dayrate ~$461K; total backlog $6.7B (excl. $1.0B Equinor deal pending approvals).
- Q3 revenue guidance $920-960M; FY26 revenue guidance $3.9-3.975B.
- New fixtures: Deepwater Conqueror, Proteus, Skyros, Transocean Norge, Equinox; Equinor conditional $1.0B agreement for three rigs.

## SEC filing metadata
- accession: 0001451505-26-000058
- form_type: 8-K
- ticker: RIG
- cik: 0001451505
- company_name: Transocean Ltd.
- filed_at: 2026-08-05T21:09:41+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451505/000145150526000058/0001451505-26-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451505/000145150526000058/rig-20260805x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001451505-26-000058
- JSON: https://secwatch.observer/filing/0001451505-26-000058.json
- Plain text: https://secwatch.observer/filing/0001451505-26-000058.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.