Reports Q3 revenue $948M, consensus $943.83M. “As illustrated by the nearly $1.3 billion in backlog booked in the third quarter, including the recent award for Deepwater Conqueror, the demand for our fleet of high specification ultra-deepwater and harsh environment rigs remains strong,” said CEO, Jeremy Thigpen. “With these most recent awards, more than 97% of Transocean’s (RIG) active fleet is contracted in 2025, once again demonstrating that our customers clearly recognize Transocean’s unique capabilities – our rigs, crews and superior operational performance – add value to their programs.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RIG:
- RIG Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Transocean’s (RIG) Potential Merger with Seadrill Could be a Game Changer
- Transocean’s Fleet Report Highlights Global Drilling Opportunities
- Stifel says possible sale could mean material upside to Seadrill shares
- Closing Bell Movers: Tesla gains 12% as Q3 earnings beat estimates