Transocean Ltd. reported a net income of $26 million for Q3 2026, with contract drilling revenues of $937 million and an adjusted EBITDA margin of 33.4%. The company strengthened its contract backlog by $2 billion, reaching approximately $8 billion, improving 2027 contract coverage to about 95%. Strong cash flow allowed early retirement of $200 million debt, and with regulatory approvals complete, the Valaris merger is expected to close on December 1, 2026. Transocean's focus remains on safe operations, converting backlog to cash flow, and debt reduction.
Transocean Ltd. shares are trading at USD 6.25 on Pluang, down 9.94% in the last day. The stock's market cap stands at $7.75 billion as of Nov 03, 2026 04:21 WIB.
Transocean Ltd. announced new offshore drilling contracts totaling approximately $2 billion, including deals in Equatorial Guinea, the U.S. Gulf, India, and Norway. These contracts increase the company's total backlog to about $8 billion, reflecting ...
Transocean Ltd. is considered a speculative buy due to potential gains from a deepwater capital expenditure upcycle and its recent acquisition of Valaris, which creates the world's largest offshore driller. This merger enhances Transocean's negotiati...
