What is Transocean's loss on debt extinguishment?

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

How has Transocean's loss on debt extinguishment changed year-over-year?

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

What does loss on debt extinguishment mean?

Non-cash loss from retiring debt before maturity, added back in operating cash flow since the cash impact is in financing.

Transocean RIG Loss on Debt Extinguishment

Loss on Debt Extinguishment at other companies

Noble CorporationNE

$726K—

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%

Enterprise value$10.82B+33.6%

P/S1.4×+0.8×

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 loss on debt extinguishment?: Transocean (RIG) reported loss on debt extinguishment of -$11M in Q1 2026.
How has Transocean's loss on debt extinguishment changed year-over-year?: Transocean's loss on debt extinguishment decreased by 1566.7% year-over-year, from $750K to -$11M.
What does loss on debt extinguishment mean?: Non-cash loss from retiring debt before maturity, added back in operating cash flow since the cash impact is in financing.