Transocean Reports Breakeven Q3 Adjusted Earnings, Revenue Falls

05:15 PM EST, 11/02/2026 (MT Newswires) -- Transocean (RIG) reported Q3 breakeven adjusted earnings per diluted share, down from $0.06 a year earlier. Analysts polled by FactSet expected $0.02. Contract drilling revenue for the quarter ended Sept. 30 was $937 million, down from $1.02 billion a year earlier. Analysts polled by FactSet expected $944 million. For Q4, the company expects contract drilling revenue of $915 million to $965 million. Analysts expect $952.9 million. The company now expects 2026 contract drilling revenue of $3.90 billion to $3.95 billion, compared with $3.90 billion to $3.98 billion expected earlier. Analysts expect $3.94 billion. For fiscal 2027, the company expects preliminary contract drilling revenue of $3.85 billion to $4.00 billion. Analysts expect $3.90 billion.