Transocean (RIG) wins a $222M contract from Oil and Natural Gas Corporation for the Dhirubhai Deepwater KG1 (DDKG1) drillship, boosting offshore drilling.
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Transocean (RIG) expects adjusted contract drilling revenues of $720 million in Q3 2023, with O&M expenses of $540 million and full-year adjusted contract revenues in the $2.9-$3 billion range.
Transocean Ltd. (NYSE:RIG ) Q2 2023 Earnings Conference Call August 1, 2023 9:00 AM ET Company Participants Alison Johnson - Director-IR Jeremy Thigpen - CEO Mark Mey - EVP and CFO Roddie Mackenzie -
Although the revenue and EPS for Transocean (RIG) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street
Transocean (RIG) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to loss of $0.10 per share a year ago.
Transocean's fleet status report exceeded analysts' expectations, with a backlog totaling $9.2 billion, largely due to new contract announcements. Despite the positive report, Transocean's stock price
Lower utilization and higher costs are likely to have hurt Transocean's (RIG) Q2 bottom line. However, impressive revenue efficiency might have aided the results somewhat.
Transocean (RIG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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