Transocean Ltd. Reports Strong Q1 2026 Performance with High Uptime and EBITDA Margins
Transocean Ltd. reported strong first-quarter performance in 2026, achieving a record average daily revenue of $476,000 and an impressive 98% uptime alongside 40% EBITDA margins. The company added $1.6 billion to its backlog during the quarter, bringing total backlog above $7 billion, with significant contributions from long-term contracts in Norway.
Topics: backlog growth cost savings EBITDA margins energy security offshore drilling