---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-001047"
form_type: "8-K"
ticker: "RIG"
cik: "0001451505"
company_name: "Transocean Ltd."
filed_at: "2025-02-18T23:59:59+00:00"
generated_at: "2026-05-26T15:50:06.406890+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Transocean Q4 net income $7M; full-year net loss $512M; backlog $8.3B

## Summary
- Q4 contract drilling revenues $952M, up $4M sequentially; revenue efficiency 93.5%.
- Q4 net income $7M ($0.01 basic), diluted loss $0.11; adjusted net income $27M.
- Full-year 2024 net loss $512M ($0.76/diluted share), including $755M asset impairment loss.
- Adjusted full-year net loss $54M ($0.26/diluted); backlog $8.3B as of Feb 2025.
- CEO cites first two 20K subsea completions and $2.4B in new backlog secured in 2024.

## SEC filing metadata
- accession: 0001558370-25-001047
- form_type: 8-K
- ticker: RIG
- cik: 0001451505
- company_name: Transocean Ltd.
- filed_at: 2025-02-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451505/000155837025001047/0001558370-25-001047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451505/000155837025001047/rig-20250218x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-001047
- JSON: https://secwatch.observer/filing/0001558370-25-001047.json
- Plain text: https://secwatch.observer/filing/0001558370-25-001047.txt

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