secwatch.observer — SEC 8-K summary
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Issuer:     Transocean Ltd. (RIG)
CIK:        0001451505
Form:       8-K
Filed at:   2026-08-05T21:09:41+00:00
Accession:  0001451505-26-000058
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1451505/000145150526000058/0001451505-26-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1451505/000145150526000058/rig-20260805x8k.htm
  HTML page:      https://secwatch.observer/filing/0001451505-26-000058

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