Transocean Q4 2020 Earnings Report
Key Takeaways
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.
Total contract drilling revenues were $690 million (total adjusted contract drilling revenues of $747 million).
Revenue efficiency was 97.2%.
Net loss attributable to controlling interest was $37 million, $0.06 per diluted share.
Adjusted net loss was $209 million, $0.34 per diluted share, excluding $172 million of net favorable items.
Transocean
Transocean
Transocean Revenue by Segment
Forward Guidance
The company anticipates improving longer-term market fundamentals and an increasing list of opportunities will bode well for an improvement in contracting activity later this year and into next.
Revenue & Expenses
Visualization of income flow from segment revenue to net income