Transocean Ltd. experienced a significant net loss of $1.92 billion in Q3 2025, primarily due to a $1.908 billion loss on impairment of assets. Despite the loss, contract drilling revenues increased sequentially to $1.03 billion, driven by improved rig utilization and revenue efficiency. The company also reported positive adjusted net income and free cash flow, and took steps to reduce debt.

Transocean Ltd. reported a substantial net loss of $938 million in Q2 2025, largely driven by a $1.128 billion loss on impairment of assets. However, contract drilling revenues increased sequentially to $988 million, and adjusted EBITDA rose to $344 million, reflecting improved rig utilization and revenue efficiency. The company also generated $104 million in free cash flow.

Transocean reported a net loss of $79 million for the first quarter of 2025, or $0.11 per diluted share. Contract drilling revenues decreased sequentially to $906 million, primarily due to one rig undergoing contract preparation and mobilization, one rig idle between contracts, and fewer days in the quarter, partially offset by higher revenue efficiency and average daily revenues.

Transocean Ltd. achieved $952M in revenue for Q4 2024, reflecting a 28.5% YoY increase, primarily driven by higher rig utilization and reimbursement revenues. Net income reached $7M, a significant improvement from a $10M loss in Q4 2023. The company secured $2.4B in new backlog, reinforcing contract coverage through 2026.

Transocean Ltd. reported a net loss attributable to controlling interest of $494 million, or $0.58 per diluted share. Adjusted net income for the third quarter was $64 million. Contract drilling revenues increased sequentially to $948 million, driven by increased rig utilization and dayrates.

Transocean Ltd. reported a net loss attributable to controlling interest of $123 million, or $0.15 per diluted share, for the three months ended June 30, 2024. Contract drilling revenues increased sequentially by $98 million to $861 million, driven by increased rig utilization and higher revenue efficiency.

Transocean Ltd. reported a net income of $98 million, or $0.11 per diluted share, for the three months ended March 31, 2024. Contract drilling revenues increased sequentially by $22 million to $763 million.

Transocean Ltd. reported a net loss attributable to controlling interest of $104 million, or $0.13 per diluted share, for the three months ended December 31, 2023. However, contract drilling revenues increased sequentially by $28 million to $741 million.

Transocean Ltd. reported a net loss of $220 million, or $0.28 per diluted share, for the three months ended September 30, 2023. Contract drilling revenues decreased to $713 million. Adjusted EBITDA was $162 million.

Transocean Ltd. reported total contract drilling revenues of $729 million for Q2 2023, compared to $649 million in the first quarter of 2023. The net loss attributable to controlling interest was $165 million, or $0.22 per diluted share. Adjusted EBITDA was $237 million, compared to $217 million in the prior quarter.

Transocean Ltd. reported a net loss attributable to controlling interest of $465 million, or $0.64 per diluted share, for the three months ended March 31, 2023. However, the company delivered strong operational performance with an adjusted EBITDA margin of 33% on adjusted revenues of $667 million, and a revenue efficiency of nearly 98 percent.

Transocean Ltd. reported a net loss attributable to controlling interest of $350 million, or $0.48 per diluted share, for the three months ended December 31, 2022. The company's contract drilling revenues decreased sequentially to $606 million. However, revenue efficiency improved to 98.0%.

Transocean Ltd. reported a net loss attributable to controlling interest of $28 million, or $0.04 per diluted share, for the three months ended September 30, 2022. Contract drilling revenues for the three months ended September 30, 2022 were $691 million.

Transocean Ltd. reported a net loss attributable to controlling interest of $68 million, or $0.10 per diluted share, for the three months ended June 30, 2022. Contract drilling revenues increased sequentially by $106 million to $692 million. Adjusted EBITDA was $245 million.

Transocean Ltd. reported a net loss attributable to controlling interest of $175 million, or $0.26 per diluted share, for the three months ended March 31, 2022. Contract drilling revenues decreased to $586 million.

Transocean Ltd. reported a net loss attributable to controlling interest of $260 million, or $0.40 per diluted share, for the three months ended December 31, 2021. Contract drilling revenues decreased sequentially by $5 million to $621 million.

Transocean Ltd. reported a total contract drilling revenue of $626 million and a net loss attributable to controlling interest of $130 million, or $0.20 per diluted share for the three months ended September 30, 2021. The results were influenced by reduced activity for rigs that went idle or commenced shipyard stays, offset by higher revenue efficiency.

Transocean Ltd. reported a net loss attributable to controlling interest of $103 million, or $0.17 per diluted share, for the three months ended June 30, 2021. Contract drilling revenues increased slightly to $656 million. The company's revenue efficiency remained strong at 98.0%.

Transocean Ltd. reported a net loss attributable to controlling interest of $99 million, or $0.16 per diluted share, for the three months ended March 31, 2021. However, the company's adjusted EBITDA was $245 million and revenue efficiency was 97.4%.

Transocean Ltd. reported a net loss attributable to controlling interest of $37 million, or $0.06 per diluted share, for the three months ended December 31, 2020. Adjusted net loss was $209 million, or $0.34 per diluted share.

Transocean Ltd. reported a net income attributable to controlling interest of $359 million, or $0.51 per diluted share. Adjusted net loss was $69 million, or $0.11 per diluted share.

Transocean Ltd. reported a net loss attributable to controlling interest of $497 million, or $0.81 per diluted share. Total contract drilling revenues were $930 million and revenue efficiency was 97.2%. Adjusted EBITDA was $418 million.

Transocean Ltd. reported a net loss attributable to controlling interest of $392 million, or $0.64 per diluted share, for the three months ended March 31, 2020. Adjusted net loss was $187 million, or $0.30 per diluted share. Total contract drilling revenues were $759 million, with adjusted contract drilling revenues of $807 million. The company's contract backlog was $9.6 billion as of the April 2020 Fleet Status Report.

Transocean Ltd. reported a net loss attributable to controlling interest of $51 million, or $0.08 per diluted share, for the three months ended December 31, 2019. Total contract drilling revenues were $792 million, with adjusted EBITDA at $223 million. The company's contract backlog was $10.2 billion as of the February 2020 Fleet Status Report.