Earnings ·
Transocean Ltd. reported second quarter 2026 financial results on August 5, 2026, posting net income of $170 million…
RIGTransocean Ltd.
Transocean Ltd. reported second quarter 2026 financial results on August 5, 2026, posting net income of $170 million or $0.04 per diluted share, compared to a loss in the prior year period. Contract drilling revenues were $966 million with revenue efficiency at 97.0%, while adjusted EBITDA reached $312 million. The company generated $212 million in free cash flow and ended the quarter with total liquidity exceeding $1.3 billion. Transocean added approximately $292 million in contract backlog at a weighted average dayrate of about $461,000, bringing total backlog to roughly $6.7 billion as of August 5, 2026. The filing also includes guidance for the third quarter and full year 2026, projecting contract drilling revenues between $920 million and $960 million for Q3. Transocean is a leading international provider of offshore contract drilling services specializing in ultra-deepwater and harsh environment operations.