Transocean Q1 Adjusted Loss Widens, Revenue Rises

MT Newswires Live

2025/04/29

Transocean (RIG) reported a Q1 adjusted loss late Monday of $0.10 per diluted share, wider than the $0.03 loss per share a year earlier.

Analysts polled by FactSet expected a loss of $0.11 per share.

Contract drilling revenue for the quarter ended March 31 was $906 million, up from $763 million a year earlier.

Analysts surveyed by FactSet expected $882.4 million.

Shares of Transocean were up 1.3% in recent after-hours activity.

Price: 2.34, Change: +0.03, Percent Change: +1.29

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