Transocean Ltd., provides offshore contract drilling services for oil and gas wells globally. The company is headquartered in Steinhausen, Switzerland.
| Revenue (TTM) | $4.14B |
| Gross Profit (TTM) | $1.75B |
| EBITDA | $1.56B |
| Operating Margin | 27.20% |
| Return on Equity | -30.00% |
| Return on Assets | 3.43% |
| Revenue/Share (TTM) | $4.07 |
| Book Value | $7.40 |
| Price-to-Book | 0.67 |
| Price-to-Sales (TTM) | 1.40 |
| EV/Revenue | 2.512 |
| EV/EBITDA | 14.28 |
| Quarterly Earnings Growth (YoY) | 0.00% |
| Quarterly Revenue Growth (YoY) | 19.30% |
| Shares Outstanding | $1.11B |
| Float | $916.74M |
| % Insiders | 9.26% |
| % Institutions | 85.34% |
Volatility is currently expanding
STEINHAUSEN, Switzerland, July 07, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the second quarter 2026 and issue a fleet status report on Wednesday, August 5, 2026, after the close of trading on the New York Stock Exchange.
RIG adds more than $1B to its backlog with Equinor through a seven-rig-year Norway drilling deal, boosting long-term revenue visibility from 2027.
STEINHAUSEN, Switzerland, June 30, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced its entry into an agreement with Equinor, conditional to license approvals, for the use of three of its harsh environment semisubmersible rigs on the Norwegian shelf. In aggregate, this agreement is worth over $1 billion in contract backlog over seven rig years, excluding additional services. The base day rate of $399,000 per day excludes adjustment provisions that will be effective prior to commencement and result in an effective day rate exceeding $400,000 per day at commencement.
RIG boasts strong revenue visibility through its contract backlog and operational strength, though inflation, oil price volatility and elevated capex could limit near-term upside.
RIG wins new offshore contracts worth about $185 million in backlog, reinforcing demand for its premium semisubmersible drilling rigs.
STEINHAUSEN, Switzerland, June 16, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced contract awards for two of its harsh environment semisubmersibles. In aggregate, the fixtures represent approximately $185 million in firm contract backlog.
Transocean Ltd. is rated a Buy, with operational momentum, a strong backlog, and the pending Valaris acquisition driving the investment thesis. RIG's $7B backlog, high contract coverage into 2027, and improving utilization underpin forward cash flow visibility and deleveraging. The Valaris deal, if closed, could add $5B in backlog, $200M+ in synergies, and accelerate leverage reduction to 1.5x EBITDA within 24 months.
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