Aug. 4 at 9:16 PM
$RIG STEINHAUSEN, Switzerland, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported a net loss of
$938 million,
$1.06 per diluted share, for the three months ended June 30, 2025.
Second quarter results included net unfavorable items of
$957 million,
$1.08 per diluted share as follows:
$1.128 billion,
$1.27 per diluted share, loss on impairment of assets, net of tax; and
$24 million,
$0.03 per diluted share, loss on conversion of debt to equity.
Partially offset by:
$195 million,
$0.22 per diluted share, discrete tax items.
After consideration of these net unfavorable items, second quarter 2025 adjusted net income was
$19 million.
Contract drilling revenues for the three months ended June 30, 2025, increased sequentially by
$82 million to
$988 million, primarily due to higher revenues associated with improved rig utilization, improved revenue efficiency,
