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Transocean LTD (RIG)
NYSE:RIG
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.06Last Year’s EPS
-0.03Same Quarter Last Year
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 17, 2025
|% Change Since: -13.57%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive sentiment with strong financial performance, operational milestones, high fleet utilization, and technological advancements. However, there are some concerns about temporary market imbalances and potential day rate pressure in 2025.Company Guidance
In the Q4 2024 Transocean Earnings Call, guidance for the future was outlined with several key metrics. For Q4 2024, Transocean reported an adjusted EBITDA of $323 million on $952 million in adjusted contract drilling revenues, resulting in an adjusted EBITDA margin of 34%. For the full year 2024, the company achieved an adjusted EBITDA of $1.15 billion on approximately $3.5 billion in adjusted contract drilling revenues, with an EBITDA margin of 33%. The company anticipates contract drilling revenues for Q1 2025 to be between $870 million and $890 million, with operating and maintenance expenses projected to be in the range of $610 million to $630 million. For the full year 2025, Transocean forecasts contract drilling revenues between $3.85 billion and $3.95 billion, with operating and maintenance expenses expected to range from $2.3 billion to $2.4 billion. Additionally, liquidity by year-end 2025 is projected to be between $1.35 billion and $1.45 billion. The company is also focused on ongoing discussions for multiyear contracts commencing in 2026 and 2027, particularly in high-demand regions like the US Gulf and Brazil, reflecting a positive outlook for future market dynamics.Strong Financial Performance
Transocean reported adjusted EBITDA of $323 million on $952 million of adjusted contract drilling revenues for Q4 2024, resulting in an adjusted EBITDA margin of approximately 34%. For the full year 2024, adjusted EBITDA was $1.15 billion on approximately $3.5 billion of adjusted contract drilling revenues, with an EBITDA margin of approximately 33%.
Operational Milestones
Achieved best-ever occupational and process safety performance in 2024 with a total recordable incident rate of 0.15, and zero serious injury cases or lost time injuries. Significant technology deployments included the first two 20k subsea completions in the offshore drilling industry on the Deepwater Atlas and the Deepwater Titan.
High Utilization and Day Rates
Transocean's active fleet is near full utilization through 2026, with several contracts approaching and exceeding $500,000 per day for high hook load seventh gen plus assets and more than $600,000 per day for eighth gen 20k assets.
Technological Advancements
Installed and deployed new technologies such as the IntelliWell automation platform, robotic riser bolting system, and HaloGuard across multiple rigs, enhancing safety and operational efficiency.
Positive Market Outlook
Strong demand for high-specification drillships in various regions, including the U.S. Gulf, Latin America, and Australia, with multiyear opportunities being discussed for programs commencing in 2026 and 2027.
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RIG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RIG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $3.98 | $4.34 | +9.05% |
| Jul 31, 2024 | $5.79 | $5.46 | -5.70% |
| Apr 29, 2024 | $5.82 | $5.22 | -10.31% |
| Oct 30, 2023 | $6.63 | $6.62 | -0.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Transocean LTD (RIG) report earnings?
Transocean LTD (RIG) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Transocean LTD (RIG) earnings time?
Transocean LTD (RIG) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RIG EPS forecast?
RIG EPS forecast for the fiscal quarter 2025 (Q1) is -0.06.
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