Transocean (RIG) Misses Q3 EPS by 1c, Revenues Beat
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Transocean Ltd. Reports Third Quarter 2019 Results
October 28, 2019 4:16 PM EDTTotal contract drilling revenues were $784 million (total adjusted contract drilling revenues of $832 million), compared with $758 million in the second quarter of 2019 (total adjusted contract drilling revenues of $805 million);Revenue efficiency(1) was 97.0%, compared with 97.8% in the prior quarter;Operating and maintenance expense was $547 million, compared with $510 million in the previous quarter;Net loss attributable to controlling interest was $825 million, $1.35 per diluted share, compared with net loss attributable to controlling interest of $208 million, $0.34 per diluted share, in the second quarter of 2019;Adjusted net loss was $234 million, $0.38 per diluted share, excluding $591 million of net unfavorable items.... More
