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Transocean Ltd. — Third Quarter 2026 Earnings Summary

Transocean Ltd. reported third-quarter 2026 net income of $26 million, or $0.02 per diluted share, with contract drilling revenues totaling $937 million. The company generated $313 million in adjusted EBITDA and achieved a free cash flow of $131 million after capital expenditures. Contract backlog increased by $2.0 billion to approximately $8.0 billion, driven by new deepwater and harsh-environment awards. Additionally, Transocean retired $200 million of debt ahead of schedule and maintains total liquidity of $1.3 billion.

Company
TRANSOCEAN LTD
Sector
Energy
Industry
Oil & Gas Drilling