US · Energy · Oil & Gas Drilling
EPS came in at 0.03 against a street estimate of 0.01 — a beat of 200.0%.
Analysts rate Transocean Ltd a buy (6 buy, 5 hold, 2 sell out of 13) with an average price target of $6.55.
CONFIDENT Transocean beat Q2 guidance on revenue and costs, posting 32% EBITDA margin. Fleet utilization tightening globally with 94% coverage through 2026 and 81% for 2027. Valaris acquisition progressing; deep-water market entering multi-year upcycle driven by disciplined operator spending. Q2 2026 Global rig repositioning underway to fill white space and match regional demand; operators securing longer-term capacity in tightening market. Analysts pressed day-rate upside, regional arbitrage (Cat D repositioning, SE Asia tightness), and Gulf rolloff timing. Management emphasized customer discipline (sub-$40 breakevens), fleet flexibility, and automation-driven efficiency gains unlocking longer-duration contracts rather than spot volatility. 2026-08-06…
Full summary in the app.
| Fund | Stake |
|---|---|
| BlackRock Inc | 8.23% |
| Dimensional Fund Advisors, Inc. | 4.57% |
| Vanguard Portfolio Management, LLC | 4.41% |
| Two Sigma Investments LLC | 4.14% |
| Vanguard Capital Management, LLC | 4.05% |
| D. E. Shaw & Co LP | 3.74% |
| Slate Path Capital LP | 3.34% |
| Capital World Investors | 2.77% |
| Document | Date |
|---|---|
| Material agreement · Q4 2026 HEADLINE NUMBERS • Transocean entered into an amended and restated credit agreement on October 15, 2026, subject to the closing of its acquisition of | 2026-10-15 |
| Company announcement · Q4 2026 HEADLINE NUMBERS • Transocean plans to acquire all outstanding Valaris common shares. • Consideration: 15.235 Transocean shares for each Valaris sha | 2026-10-14 |
| Reg FD disclosure · Q4 2026 HEADLINE NUMBERS • Transocean announced approximately $1.1 billion in new contract backlog. • A new contract with A/S Norske Shell contributes appro | 2026-10-09 |
| Company announcement · Q3 2026 HEADLINE NUMBERS • Transocean and Valaris received notice that the U.S. Department of Justice Antitrust Division closed its investigation under the H | 2026-09-30 |
| Reg FD disclosure · Q3 2026 TRANSOCEAN LTD - FORM 8-K SUMMARY September 15, 2026 --- HEADLINE NUMBERS • $80 million in new backlog from Deepwater Conqueror contract award • 17 | 2026-09-15 |
| Reg FD disclosure · Q3 2026 TRANSOCEAN LTD – AUGUST 20, 2026 FORM 8-K SUMMARY HEADLINE NUMBERS • $300 million contract value secured for ultra-deepwater drillship Dhirubhai Dee | 2026-08-20 |
| Quarterly report · Q2 2026 TRANSOCEAN LTD. – FORM 10-Q SUMMARY FOR RETAIL INVESTORS Quarter Ended June 30, 2026 --- HEADLINE NUMBERS • Net income Q2 2026: $170 million (vs. $ | 2026-08-07 |
| Results announced · Q3 2026 TRANSOCEAN LTD. — Q2 2026 RESULTS SUMMARY HEADLINE NUMBERS • Contract drilling revenues: $966 million (Q2 2026) vs. $988 million (Q2 2025); down $22 | 2026-08-05 |
Readable in the app.
| Announcement | Date |
|---|---|
| Regulatory approval clears proposed acquisition, with closing expected in fourth quarter 2026 Brazil’s competition authority (CADE) approved Transocean’s planned acquisition of Valaris without conditions. The decision is expected to be published October 15–16, 2026, starting a 15-day | 2026-10-14 |
| Antitrust clearance received for business combination merger Transocean Ltd. announced a major milestone in its acquisition of Valaris Limited. On September 30, 2026, the U.S. Department of Justice's Antitrust Division closed its investigation and cle | 2026-09-30 |
| Entry into agreement with Equinor for three harsh environment semisubmersible rigs Transocean announced two major developments. First, it secured a $1 billion contract with Equinor to operate three specialized harsh-environment semisubmersible rigs on the Norwegian shelf o | 2026-07-01 |
| Support agreement signed regarding Valaris acquisition and board nomination rights Transocean Ltd. has agreed to a board seat for Kristian Johansen, representing Famatown Finance Limited, contingent on shareholder approval and completion of Transocean's acquisition of Vala | 2026-05-19 |
| Merger agreement with Valaris under antitrust review by DOJ Transocean is acquiring Valaris in an all-stock deal announced February 9, 2026, with Transocean paying 15.235 shares per Valaris share. The companies filed for antitrust approval under the | 2026-05-05 |
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Open in the appGoogle PlayApp StoreData updated 2026-10-18.