Shares
- Symbol
- RIG
- Exchange
- NYSE
- Classification
- OTHER
- Status
- Current
Current Report · Items 2.02, 7.01, 9.01 · 8-K
Transocean LTD.
RIGNYSEEQUITYCurrent
Results of Operations and Financial Condition · Regulation FD Disclosure
Item 2.02. Results of Operations and Financial Condition Transocean Ltd.’s press release dated November 2, 2026, concerning financial results for the third quarter 2026, furnished as Exhibit 99.1 to this report, is incorporated by reference herein.
Press release in this filing
TRANSOCEAN LTD. REPORTS third QUARTER 2026 RESULTS →Company context
Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The Company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on ultra-deepwater and harsh environment drilling services and operates the highest specification floating offshore drilling fleet in the world. Transocean owns or has partial ownership interests in and operates a fleet of 27 mobile offshore drilling units, consisting of 20 ultra-deepwater drillships and seven harsh environment semisubmersibles.
Current securities
Recent company filings
Registered securities in this filing
TRANSOCEAN LTD. · 8-K · Filed 2026-11-02
Disclosure sections
Item 2.02Item 2.02 - Results of Operations
Item 2.02. Results of Operations and Financial Condition
Transocean Ltd.’s press release dated November 2, 2026, concerning financial results for the third quarter 2026, furnished as Exhibit 99.1 to this report, is incorporated by reference herein.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure
We issue a report entitled “Transocean Fleet Status Report,” which includes drilling rig status and contract information. A report dated November 2, 2026, is furnished as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein by reference. You may subscribe to the Transocean “E-mail Alerts,” which based upon your selections will alert you to new Transocean press releases, financial and other updates. This free service will send you an automated email containing the Fleet Status Report press release and a link to our website: www.deepwater.com, where the reports are posted each quarter under “Investors/Fleet Status Report.” You may subscribe to this service in the footer of any of the website’s Investors pages by selecting “E-mail Alerts” then providing your email address. Please select the alerts to which you prefer to subscribe and click “Submit.”
Filed exhibits (2)
EXHIBIT 99.1 TRANSOCEAN LTD. REPORTS third QUARTER 2026 RESULTS STEINHAUSEN, Switzerland, November 2, 2026 - Transocean Ltd. (NYSE: RIG) today reported financial results for the third quarter of 2026. The Company will host a conference call and webcast at 9 a.m. EST, 3 p.m. CET, on Tuesday, November 3, 2026, with participation details included in this release. Supplemental schedules have been posted to the Investors section of the Company’s website at www.deepwater.com. Third quarter 2026 Key points Contract drilling revenues were $937 million with strong revenue efficiency(1) of 96.8%. Net income was $26 million or $0.02 per diluted share. Adjusted EBITDA was $313 million, implying a 33.4% margin. Net cash provided by operating activities was $174 million; net of capital expenditures of $43 million, free cash flow was $131 million. Ended the period with total liquidity of $1.3 billion, including the existing $510 million undrawn revolving credit facility. Added $2.0 billion in contract backlog(2) at a weighted average dayrate of about $423,000. “Since our last report, we delivered solid operating results and significantly strengthened forward contract visibil…
Open exhibit ↗EXHIBIT 99.2 Transocean Ltd. Provides Quarterly Fleet Status Report STEINHAUSEN, Switzerland - November 2, 2026 - Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current activity and contractual status of the Company’s fleet of offshore drilling rigs. Updates This quarter’s report includes the following updates: Deepwater Conqueror: o Awarded a two-well contract with an undisclosed operator in Equatorial Guinea. o Awarded a five-well contract by an undisclosed operator in the U.S. Gulf. Deepwater Proteus: o Client exercised one optional well estimated at 60 days. o Awarded a ten-well contract by an unnamed operator in the U.S. Gulf. Dhirubhai Deepwater KG2 – Announced a two-year binding Letter of Award with ONGC in India. Transocean Norge – Awarded a two-well contract with one single-well option by A/S Norske Shell in Norway. Transocean Equinox – Client exercised one optional well estimated at 50 days. In late September, final approval was received from Equinor for the previously announced agreement for three harsh environment semisubmersible rigs in Norway: Transocean Enabler, Transo…
Open exhibit ↗