US · Energy · Oil & Gas Drilling
EPS came in at 0.03 against a street estimate of 0.01 — a beat of 200.0%.
Analysts rate Transocean Ltd a hold (4 buy, 6 hold, 3 sell out of 13) with an average price target of $6.55.
CONFIDENT Transocean beat Q2 guidance on revenue and costs, posting 32% EBITDA margin. Fleet utilization tightening globally with 94% coverage through 2026 and 81% for 2027. Valaris acquisition progressing; deep-water market entering multi-year upcycle driven by disciplined operator spending. Q2 2026 Global rig repositioning underway to fill white space and match regional demand; operators securing longer-term capacity in tightening market. Analysts pressed day-rate upside, regional arbitrage (Cat D repositioning, SE Asia tightness), and Gulf rolloff timing. Management emphasized customer discipline (sub-$40 breakevens), fleet flexibility, and automation-driven efficiency gains unlocking longer-duration contracts rather than spot volatility. 2026-08-06…
Full summary in the app.
| Fund | Stake |
|---|---|
| BlackRock Inc | 7.91% |
| Dimensional Fund Advisors, Inc. | 4.57% |
| Vanguard Portfolio Management, LLC | 4.20% |
| Two Sigma Investments LLC | 4.14% |
| Vanguard Capital Management, LLC | 3.96% |
| D. E. Shaw & Co LP | 3.74% |
| Slate Path Capital LP | 3.34% |
| Capital World Investors | 2.77% |
| Document | Date |
|---|---|
| Reg FD disclosure · Q3 2026 TRANSOCEAN LTD - FORM 8-K SUMMARY September 15, 2026 --- HEADLINE NUMBERS • $80 million in new backlog from Deepwater Conqueror contract award • 17 | 2026-09-15 |
| Reg FD disclosure · Q3 2026 TRANSOCEAN LTD – AUGUST 20, 2026 FORM 8-K SUMMARY HEADLINE NUMBERS • $300 million contract value secured for ultra-deepwater drillship Dhirubhai Dee | 2026-08-20 |
| Quarterly report · Q2 2026 TRANSOCEAN LTD. – FORM 10-Q SUMMARY FOR RETAIL INVESTORS Quarter Ended June 30, 2026 --- HEADLINE NUMBERS • Net income Q2 2026: $170 million (vs. $ | 2026-08-07 |
| Results announced · Q3 2026 TRANSOCEAN LTD. — Q2 2026 RESULTS SUMMARY HEADLINE NUMBERS • Contract drilling revenues: $966 million (Q2 2026) vs. $988 million (Q2 2025); down $22 | 2026-08-05 |
| Reg FD disclosure · Q2 2026 TRANSOCEAN LTD. - FORM 8-K SUMMARY HEADLINE NUMBERS • $1 billion+ in new contract backlog with Equinor for seven rig years, excluding additional ser | 2026-07-01 |
| Reg FD disclosure · Q2 2026 TRANSOCEAN LTD. - FORM 8-K SUMMARY (June 16, 2026) HEADLINE NUMBERS • $185 million in new firm contract backlog awarded across two harsh environment | 2026-06-16 |
| Quarterly report · Q1 2026 TRANSOCEAN LTD. – FORM 10-Q SUMMARY (Q1 2026) HEADLINE NUMBERS • Contract drilling revenues: $1,081 million (Q1 2026) vs. $906 million (Q1 2025) – u | 2026-05-05 |
| Proxy statement · Q2 2026 TRANSOCEAN LTD. PROXY STATEMENT SUMMARY CEO COMPENSATION & CHANGE • Jeremy D. Thigpen (Executive Chair) serves in a non-executive capacity; Keelan I | 2026-03-31 |
Readable in the app.
| Announcement | Date |
|---|---|
| Entry into agreement with Equinor for three harsh environment semisubmersible rigs Transocean announced two major developments. First, it secured a $1 billion contract with Equinor to operate three specialized harsh-environment semisubmersible rigs on the Norwegian shelf o | 2026-07-01 |
| Support agreement signed regarding Valaris acquisition and board nomination rights Transocean Ltd. has agreed to a board seat for Kristian Johansen, representing Famatown Finance Limited, contingent on shareholder approval and completion of Transocean's acquisition of Vala | 2026-05-19 |
| Merger agreement with Valaris under antitrust review by DOJ Transocean is acquiring Valaris in an all-stock deal announced February 9, 2026, with Transocean paying 15.235 shares per Valaris share. The companies filed for antitrust approval under the | 2026-05-05 |
| Business combination agreement to acquire all outstanding shares via stock exchange Transocean Ltd. agreed to acquire Valaris Limited in an all-stock merger announced February 9, 2026. Under the deal, Valaris shareholders will receive 15.235 Transocean shares for each Valar | 2026-02-10 |
| Business combination agreement between two offshore drilling companies announced Transocean Ltd. and Valaris Limited announced on February 9, 2026, that they have signed a Business Combination Agreement to merge. Under the deal, Transocean will acquire all outstanding sh | 2026-02-09 |
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Google PlayApp StoreData updated 2026-09-18.