Transocean Q4 2022 Earnings Report
Key Takeaways
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%.
Total contract drilling revenues were $606 million.
Revenue efficiency was 98.0%.
Net loss attributable to controlling interest was $350 million, $0.48 per diluted share.
Adjusted EBITDA was $140 million.
Transocean
Transocean
Transocean Revenue by Segment
Forward Guidance
Transocean is in the early stages of what they believe will be a multi-year upcycle. To maximize value for our shareholders during this upcycle, Transocean will continue to secure high-quality backlog, maintain our acute focus on operational excellence, exercise capital discipline, and take the necessary steps to right-size our balance sheet.
Revenue & Expenses
Visualization of income flow from segment revenue to net income