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Transocean 2Q26 net income rises to $170 million; revenue slips 2.23% year-over-year to $966 million
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Transocean 2Q26 net income rises to $170 million; revenue slips 2.23% year-over-year to $966 million
  • Transocean posted 2Q26 net income of $170 million, swinging from a year-ago loss; diluted EPS was $0.04.
  • Contract drilling revenues fell 10.64% sequentially to $966 million, while revenue efficiency edged down 0.3 percentage points to 97.0%.
  • Adjusted EBITDA (non-GAAP) slid 29.09% sequentially to $312 million, cutting the margin to 32.2% from 40.7%.
  • Free cash flow (non-GAAP) rose 55.88% sequentially to $212 million; total debt dipped 0.58% to $5.11 billion.
  • Backlog grew by $292 million at about $461,000 weighted average dayrate; total backlog was about $6.7 billion, excluding a $1.0 billion Equinor agreement pending approvals.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Transocean Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608051700PRIMZONEFULLFEED9804647) on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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