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Dec 31, 2023
Transocean Q4 2023 Earnings Report
Transocean experienced a net loss but saw increased contract drilling revenues due to higher average daily revenue and fleet efficiency.
Key Takeaways
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.
Net loss attributable to controlling interest was $104 million, or $0.13 per diluted share.
Adjusted net loss was $74 million, or $0.09 per diluted share.
Contract drilling revenues increased sequentially by $28 million to $741 million.
Revenue efficiency was 97.0%.
Transocean
Transocean
Transocean Revenue by Segment
Revenue by Segment
Ultra-deepwater floaters Revenue
CapyFin.comHarsh environment floaters Revenue
CapyFin.com Forward Guidance
Transocean remains encouraged by the continued tightness in the market and remain focused on delivering value to our shareholders as we progress through what we expect to be a multi-year upcycle.
Revenue & Expenses
Visualization of income flow from segment revenue to net income