Transocean Ltd. Reports Second Quarter 2026 Results
Transocean reported Q2 2026 net income of $170 million, a significant turnaround from a net loss of $938 million in the prior year, supported by strong free cash flow of $212 million. Contract drilling revenues decreased to $966 million from $1.08 billion in the prior quarter due to expected lower rig utilization, though revenue efficiency remained high at 97%.
Key figures
- Eps
- 0.04
- Revenue
- 966000000
- Guidance
- Q3 revenue $920-$960 million; FY26 revenue $3.90-$3.98 billion
- Net income
- 170000000
- Backlog added
- 292000000
- Backlog total
- 6.7 billion
- Free cash flow
- 212000000
- Adjusted ebitda
- 312000000
- Revenue efficiency
- 97.0%
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