Transocean Ltd. (RIG)
| Market Cap | 5.84B +70.2% |
| Revenue (ttm) | 4.12B +8.5% |
| Net Income | -1.66B |
| EPS | -1.55 |
| Shares Out | 1.12B |
| PE Ratio | n/a |
| Forward PE | 29.88 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 18,775,553 |
| Open | 5.17 |
| Previous Close | 5.28 |
| Day's Range | 5.14 - 5.29 |
| 52-Week Range | 3.03 - 7.66 |
| Beta | 1.34 |
| Analysts | Buy |
| Price Target | 6.55 (+25.24%) |
| Est. Earnings | Oct 28, 2026 |
About RIG
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells in Switzerland and internationally. The company contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. It also operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment semisubmersibles. It serves integrated energy companies and their affiliates, government-owned or government-controlled energy companies, and other independent en... [Read more]
Financial Performance
In 2025, Transocean's revenue was $3.97 billion, an increase of 12.51% compared to the previous year's $3.52 billion. Losses were -$2.92 billion, 469.3% more than in 2024.
Financial StatementsAnalyst Summary
According to 13 analysts, the average rating for RIG stock is "Buy." The 12-month stock price target is $6.55, which is an increase of 25.24% from the latest price.
News
Transocean stock jumps as it strikes a new $80M deal: is it a good buy?
Transocean stock jumped by 9% after the company announced a major contract for its Ultra-Deepwater drillship, signaling that its business was seeing substantial traction. RIG soared to $5.94, up by ov...
Transocean Slides: Conference presentation
Transocean has posted slides in relation to its latest quarterly earnings report, which was published on September 16, 2026.
Transocean Ltd. Announces $80 Million Contract For Ultra-Deepwater Drillship
STEINHAUSEN, Switzerland, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced that the Deepwater Conqueror was awarded a two-well contract for work in Equator...
Transocean Ltd. Announces $300 Million Contract For Ultra-Deepwater Drillship
STEINHAUSEN, Switzerland, Aug. 20, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a two-year binding Letter of Award for the Dhirubhai Deepwater KG2 with ONGC in I...
Transocean Earnings Call Transcript: Q2 2026
Q2 2026 saw strong operational and financial performance, with revenue and EBITDA margins exceeding guidance and a significant backlog increase. Deepwater rig demand remains robust globally, with utilization expected to approach 100% by 2027, and the Valaris acquisition progressing toward closure.
Transocean Earnings release: Q2 2026
Transocean released its Q2 2026 earnings on August 6, 2026, summarizing the period's financial results.
Transocean Quarterly report: Q2 2026
Transocean has published its Q2 2026 quarterly earnings report on August 6, 2026.
Transocean Ltd. Reports Second Quarter 2026 Results
STEINHAUSEN, Switzerland, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported financial results for the second quarter of 2026. The Company will host a conference call and web...
Transocean Ltd. Provides Quarterly Fleet Status Report
STEINHAUSEN, Switzerland, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current activity and contractual status of the Co...
Transocean Ltd. Announces Second Quarter 2026 Earnings Release Date
STEINHAUSEN, Switzerland, July 07, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the second quarter 2026 and issue a fleet status report on Wedn...
Transocean Proxy statement: Proxy filing
Transocean filed a proxy statement on July 1, 2026, providing details for shareholder voting and corporate governance matters.
Transocean Ltd. Announces Agreement with Equinor Valued at Over $1 Billion
STEINHAUSEN, Switzerland, June 30, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced its entry into an agreement with Equinor, conditional to license approvals, for t...
Transocean Ltd. Announces Contract Awards Totaling $185 Million
STEINHAUSEN, Switzerland, June 16, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced contract awards for two of its harsh environment semisubmersibles. In aggregate, ...
Transocean Slides: Investor presentation
Transocean has posted slides in relation to its latest quarterly earnings report, which was published on June 16, 2026.
Transocean Proxy statement: Proxy filing
Transocean filed a proxy statement on May 19, 2026, providing details for shareholder voting and corporate governance matters.
Transocean Proxy statement: Proxy filing
Transocean filed a proxy statement on May 19, 2026, providing details for shareholder voting and corporate governance matters.
Transocean Earnings Call Transcript: Q1 2026
Operational uptime reached 98% and adjusted EBITDA was $440 million, with a record backlog over $7 billion and strong contract wins in key regions. Deepwater utilization is forecast to approach 100% by 2027, and the Valaris acquisition is progressing with expected $200 million in synergies.
Transocean Earnings release: Q1 2026
Transocean released its Q1 2026 earnings on May 5, 2026, summarizing the period's financial results.
Transocean Quarterly report: Q1 2026
Transocean has published its Q1 2026 quarterly earnings report on May 5, 2026.
Transocean Proxy statement: Proxy filing
Transocean filed a proxy statement on May 5, 2026, providing details for shareholder voting and corporate governance matters.
Transocean Ltd. Reports First Quarter 2026 Results
STEINHAUSEN, Switzerland, May 04, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported financial results for the first quarter of 2026. The Company will host a conference call and webca...
Transocean Ltd. Announces $158 Million Award for Ultra-Deepwater Drillship
STEINHAUSEN, Switzerland, April 16, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced that the Deepwater Asgard was awarded a five-well contract in the Eastern Medite...
Transocean Ltd. Announces $425 Million Additional Backlog for Ultra-Deepwater Drillship
STEINHAUSEN, Switzerland, April 14, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced that the Deepwater Corcovado was awarded a 1,156-day contract extension with Pet...
Transocean Ltd. Announces Contract Awards Totaling $1.0 Billion and Retirement of Senior Secured Notes
STEINHAUSEN, Switzerland, April 02, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced awards of a contract for a harsh environment semisubmersible in Norway and contr...
Transocean Proxy statement: Proxy filing
Transocean filed a proxy statement on March 31, 2026, providing details for shareholder voting and corporate governance matters.