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Dec 31, 2020
Transocean Q4 2020 Earnings Report
Transocean reported a net loss for Q4 2020.
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
Revenue by Segment
Ultra-deepwater floaters Revenue
CapyFin.comHarsh environment floaters Revenue
CapyFin.com 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