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Sep 30, 2020
Transocean Q3 2020 Earnings Report
Reported a net income attributable to controlling interest.
Key Takeaways
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.
Total contract drilling revenues were $773 million (total adjusted contract drilling revenues of $830 million).
Revenue efficiency was 96.6%.
Operating and maintenance expense was $470 million.
Adjusted net loss was $69 million, $0.11 per diluted share, excluding $428 million of net favorable items.
Transocean
Transocean
Transocean Revenue by Segment
Revenue by Segment
Ultra-deepwater floaters Revenue
CapyFin.comHarsh environment floaters Revenue
CapyFin.com Forward Guidance
Company is growing increasingly encouraged by the contracting activity that could unfold in the second half of 2021.
Positive Outlook
- Company has sufficient liquidity to continue to invest in our workforce
- Company has sufficient liquidity to continue to invest in our assets
- Company has sufficient liquidity to continue to invest in the development of new and differentiating technologies
- Company's high-specification fleet enables it to build upon its position as the leader in ultra-deepwater and harsh environment drilling
- Company's reputation for delivering safe, reliable and efficient operations enables it to build upon its position as the leader in ultra-deepwater and harsh environment drilling
Revenue & Expenses
Visualization of income flow from segment revenue to net income