Transocean Reports Q3 GAAP EPS of $0.02 and Revenue of $937 Million
Transocean (RIG) reported third-quarter results featuring a GAAP earnings per share (EPS) of $0.02, missing analyst expectations by $0.01. The company generated $937 million in revenue for the quarter. Looking ahead, Transocean provided detailed financial guidance through 2026 and preliminary estimates for 2027. For the full year 2026, the company expects contract drilling revenues between $3.9 billion and $3.95 billion with a fleet-wide revenue efficiency of 96.50%. Preliminary 2027 guidance suggests continued stability in drilling revenues, projected between $3.85 billion and $4.0 billion.
Tickers: $RIG
Topics: earnings report EPS miss financial outlook revenue guidance
Read the full article at Seeking Alpha
Part of the story St. Joe Reports Q3 GAAP EPS of $0.65 and Revenue of $156.2 Million (30 articles)