earnings
confidence high
sentiment negative
materiality 0.75
Transocean Q4 2023 net loss $104M; revenue $741M; backlog $9.01B
Transocean Ltd.
2023-FY EPS reported
-$1.24
revenue$2,832,000,000
- Q4 2023 net loss attributable to controlling interest $104M ($0.13 diluted loss per share).
- Adjusted net loss $74M ($0.09 diluted loss per share); revenue $741M, up $28M sequentially.
- Adjusted EBITDA $122M, margin 16.3%; full-year 2023 net loss $954M ($1.24/share).
- Backlog as of Feb 2024 fleet status report $9.01B; added $3.2B backlog in 2023.
- CEO highlights company-best 97.6% uptime, Deepwater Titan delivery, and market tightness.