---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-001319"
form_type: "8-K"
ticker: "RIG"
cik: "0001451505"
company_name: "Transocean Ltd."
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T22:59:24.547443+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Transocean Q4 2023 net loss $104M; revenue $741M; backlog $9.01B

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-24-001319
- form_type: 8-K
- ticker: RIG
- cik: 0001451505
- company_name: Transocean Ltd.
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451505/000155837024001319/0001558370-24-001319-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451505/000155837024001319/rig-20240219x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-001319
- JSON: https://secwatch.observer/filing/0001558370-24-001319.json
- Plain text: https://secwatch.observer/filing/0001558370-24-001319.txt

## Key facts
- Earnings Releases
  Transocean Ltd. reported Full year 2023 results: net income Net loss $954 million, EPS Diluted loss per share $(1.24).
  - Period: Full year 2023
  - Net income: Net loss $954 million
  - EPS: Diluted loss per share $(1.24)
  - Result: reported results
  source text: For the year ended December 31, 2023, net loss attributable to controlling interest totaled $954 million, $1.24 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1451505/000155837024001319/0001558370-24-001319-index.htm

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