What is Transocean's gain (loss) on extinguishment of debt?

Transocean (RIG) reported gain (loss) on extinguishment of debt of -$11M in Q1 2026.

How has Transocean's gain (loss) on extinguishment of debt changed year-over-year?

Transocean's gain (loss) on extinguishment of debt decreased by 1566.7% year-over-year, from $750K to -$11M.

What does gain (loss) on extinguishment of debt mean?

Gains or losses from retiring debt before maturity — gains when debt is repurchased below par, losses when premiums are paid for early redemption.

Transocean RIG Gain (loss) on extinguishment of debt

Gain (loss) on extinguishment of debt at other companies

Noble CorporationNE

$726K—

Kodiak Gas ServicesKGS

-$36.51M—

Other financials

Income statement

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Revenue$1.1B+19.3%

Gross profit$475.0M+64.9%

Operating income$287.0M+348%

Net income$71.0M+190%

EPS (diluted)$0.06+155%

Balance sheet

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Cash & equivalents$330.0M+25.5%

Total debt$5.3B-20.7%

Total equity$8.2B-19.8%

Total assets$15.2B-20.3%

Cash flow

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Operating cash flow$164.0M+531%

CapEx$28.0M-53.3%

Free cash flow$136.0M+500%

Valuation

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Market cap$5.88B+162%

Profitability

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Gross margin42.2%+4.7pp

Operating margin-18.7%+27.1pp

Net margin-67.4%-111pp

FCF margin19.2%+10.3pp

Returns & leverage

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Return on equity-30.3%-42.4pp

Debt / equity0.6×0.0×

Current ratio1.5×+0.2×

Where this comes from

Reported directly by Transocean in its filing.

Tagged under the XBRL concept us-gaap:GainsLossesOnExtinguishmentOfDebt.

The official record: Transocean’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Transocean's gain (loss) on extinguishment of debt?: Transocean (RIG) reported gain (loss) on extinguishment of debt of -$11M in Q1 2026.
How has Transocean's gain (loss) on extinguishment of debt changed year-over-year?: Transocean's gain (loss) on extinguishment of debt decreased by 1566.7% year-over-year, from $750K to -$11M.
What does gain (loss) on extinguishment of debt mean?: Gains or losses from retiring debt before maturity — gains when debt is repurchased below par, losses when premiums are paid for early redemption.