Transocean Ltd.

For the period ended Sep 30, 2026. Filed Nov 3, 2026.

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.

Sep 30, 2026 · Filed Nov 3, 2026

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

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Condensed Consolidated Statements of Operations

(in millions, except per share data)


· · Three months ended · · Nine months ended ·
· · September 30, · · September 30, ·
· · 2026 · · 2025 · · 2026 · · 2025

Contract drilling revenues	$937	$1,028	$2,984	$2,922

Costs and expenses
Operating and maintenance	589	584	1,803	1,801
Depreciation and amortization	146	161	437	512
General and administrative	62	46	167	145
	797	791	2,407	2,458

Loss on impairment of assets	—	(1,913)	—	(3,049)
Gain (loss) on disposal of assets, net	3	(1)	5	8
Operating income (loss)	143	(1,677)	582	(2,577)

Other income (expense), net
Interest income	1	12	23	30
Interest expense	(134)	(154)	(390)	(382)
Loss on retirement of debt	—	—	(11)	—
Other, net	(85)	(78)	(78)	(101)
	(218)	(220)	(456)	(453)

Income (loss) before income taxes	(75)	(1,897)	126	(3,030)
Income tax expense (benefit)	(101)	26	(141)	(90)
Net income (loss)	$26	$(1,923)	$267	$(2,940)

Earnings (loss) per share
Basic	$0.02	$(2.00)	$0.24	$(3.23)
Diluted	$0.02	$(2.00)	$0.24	$(3.23)

Weighted-average shares outstanding
Basic	1,120	961	1,116	911
Diluted	1,127	961	1,126	911

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.