Transocean (RIG) Misses Q4 EPS by 6c
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Transocean Ltd. Reports Fourth Quarter and Full Year 2021 Results
February 22, 2022 4:16 PM ESTTotal contract drilling revenues were $621 million, compared to $626 million in the third quarter of 2021 (total adjusted contract drilling revenues of $671 million, compared to $683 million in the third quarter of 2021);Revenue efficiency(1) was 94.5%, compared to 98.1% in the prior quarter;Operating and maintenance expense was $430 million, compared to $398 million in the prior quarter;Net loss attributable to controlling interest was $260 million, $0.40 per diluted share, compared to $130 million, $0.20 per diluted share, in the third quarter of 2021;Adjusted EBITDA was $250 million, compared to $245 million in the prior quarter;... More
