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Transocean LTD (RIG)
NYSE:RIG
Earnings Data
Report Date
Aug 04, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
<0.01Last Year’s EPS
-0.15Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 28, 2025
|% Change Since: -0.43%
|Next Earnings Date:Aug 04, 2025
Earnings Call Sentiment|Neutral
The earnings call provided a balanced view with strong financial performance and significant backlog highlighted as positives. However, these were countered by a reported net loss and market uncertainties. The company remains optimistic about future opportunities and has initiated cost-saving measures.Company Guidance
During the Q1 2025 earnings call, Transocean provided detailed guidance, showcasing significant metrics. The company reported an adjusted EBITDA of $244 million on contract drilling revenues of $906 million, achieving an adjusted EBITDA margin of roughly 27%. They highlighted a $40 million backlog from the Transocean Equinox and noted a fleet status update with potential extensions and new contracts. The upcoming opportunities include multiple tenders and projects, particularly in the U.S. Gulf of Mexico and Brazil, with potential rig demands also noted in regions like West Africa and the Mediterranean. For Q2 2025, Transocean expects contract drilling revenues between $970 million and $990 million, with an average fleet-wide revenue efficiency of 96.5%. Full-year 2025 guidance includes contract drilling revenues in the $3.85 billion to $3.95 billion range, and operational expenses between $2.3 billion and $2.4 billion. Additionally, they announced a $100 million cost savings target for 2025, with a similar amount expected in 2026, primarily through renegotiations and operational efficiencies.Strong Adjusted EBITDA and Revenue
Transocean delivered an adjusted EBITDA of $244 million on $906 million of contract drilling revenues, resulting in an adjusted EBITDA margin of approximately 27%.
Significant Backlog and New Contracts
Transocean signed a priced option on the Deepwater Asgard and exercised options on the Transocean Equinox, representing $40 million of backlog. The company also highlighted a $7.9 billion backlog.
Positive Market Outlook
Transocean expects a significant increase in deepwater investment by 2030, with a 40% increase projected by Mackenzie, and anticipates numerous new projects in various regions including the U.S. Gulf, Brazil, and West Africa.
Cost Savings Initiative
Transocean identified approximately $100 million of cash cost savings expected to be realized over 2025 with similar savings anticipated for 2026.
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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 |
|---|---|---|---|
| Apr 28, 2025 | $2.31 | $2.20 | -4.76% |
| 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% |
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 Aug 04, 2025, TBA Not Confirmed.
What is Transocean LTD (RIG) earnings time?
Transocean LTD (RIG) earnings time is at Aug 04, 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 (Q2) is <0.01.
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