secwatch.observer — SEC 8-K summary
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Issuer:     Transocean Ltd. (RIG)
CIK:        0001451505
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001558370-24-001319
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1451505/000155837024001319/0001558370-24-001319-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1451505/000155837024001319/rig-20240219x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-001319

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer