Brief: Transocean Q2 EPS USD -1.06

Transocean

04/08/2025 21:26

Overview

Transocean Q2 2025 rev rises to $988 mln, beating analyst expectations, per LSEG data

Adjusted EBITDA for Q2 2025 beats consensus, reaching $344 mln

Company reports net loss of $938 mln for Q2 2025

Outlook

Company aims to reduce debt by over $700 mln this year

Transocean focuses on improving balance sheet and operational reliability

Result Drivers

RIG UTILIZATION - Improved rig utilization contributed to higher contract drilling revenues, sequentially

LITIGATION RESOLUTION - Decrease in operating expenses due to non-recurrence of litigation costs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$988 mln
$973.10 mln (11 Analysts)
Q2 EPS
-$1.06
Q2 Net Income
-$938 mln
Q2 Adjusted EBITDA
Beat
$344 mln
$318 mln (10 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the oil & gas drilling peer group is "buy."

Wall Street's median 12-month price target for Transocean Ltd is $3.50, about 19.4% above its August 1 closing price of $2.82

The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 25 three months ago

Press Release: ID:nGNXc7bm08

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)