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Transocean RIG Q2 2026 earnings

Reported August 5, 2026 · After market close

Revenue$966.0MBeat by $9.4M
EPS$0.03Beat by $0.02
Revenue estimate$956.6M
EPS estimate$0.01
“Transocean delivered a strong second quarter, supported by 97% revenue efficiency and solid adjusted EBITDA margins, resulting in excellent cash flow and improved liquidity. Our performance reflects our ongoing commitment to create value through the cycle by optimizing the value of our differentiated fleet, generating industry-leading free cash flow, and enhancing our capital structure.”
Keelan Adamson

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$942.9M
EPS estimate$0.03

Financials

Q2 2026

Income statement

See full
Revenue$966.0M-2.2%
Gross profit$358.0M-8.0%
Operating income$152.0M+116%
Net income$170.0M+118%
EPS (diluted)$0.04+104%

Balance sheet

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Cash & equivalents$509.0M+35.0%
Total debt$5.1B-21.9%
Total equity$8.4B-10.5%
Total assets$15.2B-14.8%

Cash flow

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Operating cash flow$236.0M+84.4%
CapEx$24.0M0.0%
Free cash flow$212.0M+104%

Valuation & ratios

Valuation

as of 09/17/26
See full
Market cap$6.63B+93.0%
Enterprise value$11.24B+15.1%
P/S1.6×+0.7×

Profitability

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Gross margin41.6%+3.8pp
Net margin-40.8%+1.1pp
FCF margin22%+11.9pp

Returns & leverage

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Return on equity-19%+6.7pp
Debt / equity0.6×-0.1×
Current ratio1.6×+0.3×

Segments

By product

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Ultra Deepwater Floaters$623.0M-10.9%
Harsh Environment Floaters$343.0M+18.7%

FAQ

When did Transocean report Q2 2026 earnings?
Transocean (RIG) reported Q2 2026 earnings on August 5, 2026 after market close.
What were Transocean's Q2 2026 revenue and EPS?
Transocean reported revenue of $966.0M and eps of $0.03 for Q2 2026.
Did Transocean beat estimates in Q2 2026?
Revenue beat the consensus estimate of $956.6M by $9.4M. EPS beat the consensus estimate of $0.01 by $0.02.
How did Transocean's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 2.2% from $988.0M a year earlier.
Where can I find Transocean's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001451505-26-000058) and the 10-Q periodic report (0001451505-26-000061) directly on SEC EDGAR. The filing index links above go to sec.gov.