Transocean Ltd.

For the period ended Mar 31, 2025. Filed Apr 29, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed Apr 29, 2025

RIG$5.18+0.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Condensed Consolidated Statements of Operations

(in millions, except per share data)


· · Three months ended ·
· · March 31, ·
· 2025 · 2024

Contract drilling revenues	$906	$763

Costs and expenses
Operating and maintenance	618	523
Depreciation and amortization	176	185
General and administrative	50	52
	844	760

Gain (loss) on disposal of assets, net	2	(6)
Operating income (loss)	64	(3)

Other income (expense), net
Interest income	8	15
Interest expense, net of amounts capitalized	(116)	(117)
Other, net	4	12
	(104)	(90)
Loss before income tax expense (benefit)	(40)	(93)
Income tax expense (benefit)	39	(191)

Net income (loss)	(79)	98
Net income attributable to noncontrolling interest	—	—
Net income (loss) attributable to controlling interest	$(79)	$98

Earnings (loss) per share
Basic	$(0.09)	$0.12
Diluted	$(0.11)	$0.11

Weighted-average shares outstanding
Basic	883	819
Diluted	958	955

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.