Transocean reports Q2 adjusted EPS 0c, consensus (3c)

Reports Q2 revenue $988M, consensus $975.76M. “We reported a quarter of safe, reliable, and efficient operations, resulting in an adjusted EBITDA margin of 35% and free cash generation of $104 million,” said president and CEO, Keelan Adamson. “This result reflects favorable revenue efficiency driven by high operational reliability.”