Transocean LTD. (RIG) Financials
Key financial figures for Transocean LTD. (Q3 2026).
Transocean's Q3 2026 contract drilling revenue was $937 million and net income was $26 million ($0.02 per diluted share), while backlog rose to about $8.0 billion and management said the Valaris closing is expected on December 1. Contract drilling revenues were $937 million, down 9% from $1,028 million a year earlier (calculated) and down from $966 million in Q2; the release attributes the sequential decline primarily to an expected decrease in rig utilization (fleet utilization 74.7% vs 78.2% in Q2). Against the FMP calendar consensus of about $944 million, revenue was roughly 0.7% lower (calculated; revenue is a single line, so the basis matches). The result sat within the company's own Q3 guidance range of $920 to $960 million. On the outlook: Q4 2026E contract drilling revenues of $915 to $965 million at fleet-wide revenue efficiency of 96.5%; full-year 2026E contract drilling revenues of $3,900 to $3,950 million (the Q2 release guided $3,900 to $3,975 million), operating and maintenance expense of $2,350 to $2,400 million, capital expenditures of about $145 million and year-end liquidity of about $1,300 million. Preliminary 2027 contract drilling revenues of $3,850 to $4,000 million and operating and maintenance expense of $2,375 to $2,500 million.. Figures are for Q3 2026, as Transocean Ltd. reported them.
- Revenue
- $937M
- Net Income
- $26M
- EPS
- $0.02
- Total Assets
- $15.1B
- Operating Cash Flow
- $174M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $937M | $26M | $0.02 | 15.26% | $131M |
| Q2 FY2026 | $966M | $170M | $0.14 | 15.73% | $212M |
| Q1 FY2026 | $1.1B | $71M | $0.06 | 26.18% | $136M |
| Q4 FY2025 | $1.0B | $25M | $0.03 | 23.11% | $321M |
| Q3 FY2025 | $1.0B | -$1.9B | -$2.00 | 23.05% | $235M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $4.0B | -$2.9B | -$3.04 | 17.78% | $626M |
| FY2024 | $3.5B | -$512M | -$0.76 | 10.56% | $193M |
| FY2023 | $2.8B | -$954M | -$1.24 | -3% | -$263M |
Frequently asked questions
What was Transocean Ltd.'s revenue last quarter?
Transocean Ltd. reported revenue of $937.0 million for Q3 FY2026, down 8.9% from the same period a year earlier.
Is Transocean Ltd. profitable?
Yes. Transocean Ltd. reported net income of $26.0 million for Q3 FY2026, a net margin of 2.77% on revenue.
How has Transocean Ltd.'s margin trended?
Operating margin was 15.26% in Q3 FY2026, compared with 23.05% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Transocean Ltd. generate?
Transocean Ltd. generated free cash flow of $131.0 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Transocean LTD. on SentiSense, with up to forty quarters and twenty fiscal years of history.