Transocean Ltd. (NYSE:RIG) shares are trading lower premarket on Friday after the company reported mixed fourth-quarter fiscal 2025 results.
The Details
Transocean reported adjusted earnings of two cents per share, which missed the consensus estimate of earnings of eight cents per share.
Quarterly revenue came in at $1.043 billion, which beat the analyst consensus estimate of $1.033 billion.
Contract drilling revenues rose 1.5% compared to the prior quarter, aided by higher rig utilization.
Since the October 2025 report, the company added 10 new fixtures with an aggregate incremental backlog of about $610 million and a weighted average day rate of $417,000 per day.
Operating and maintenance expense was $605 million, compared to $584 million in the prior quarter, owing to four rigs …