secwatch.observer — SEC 8-K summary
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Issuer:     Transocean Ltd. (RIG)
CIK:        0001451505
Form:       8-K
Filed at:   2025-02-18T23:59:59+00:00
Accession:  0001558370-25-001047
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1451505/000155837025001047/0001558370-25-001047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1451505/000155837025001047/rig-20250218x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-001047

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