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RIG US​
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RIG US​
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Transocean Ltd.(RIG US)

$5.54+0.224.14%Ext:$5.58+0.040.81%(After Hours · 23:37:14 UTC)
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Transocean Ltd.(RIG US)

$5.54+0.224.14%Ext:$5.58+0.040.81%(After Hours · 23:37:14 UTC)
Ask AI
Doc SearchProfileEntity StructureFinancialsChartingShort InterestEmployees

Overview

ProfileEntity Structure

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SEC Filings

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Financials & Metrics

FinancialsChartingShort InterestEmployees

Transocean Ltd. — Company Profile

Transocean Ltd., in conjunction with its subsidiaries, offers specialized contract drilling services for oil and natural gas wells throughout the world. The company provides mobile offshore drilling rigs, all necessary equipment, and skilled workforces to carry out these drilling operations. As of February 14, 2022, Transocean oversaw and held partial ownership interests in a fleet of 37 mobile offshore drilling units. This fleet notably included 27 ultra-deepwater floaters and 10 floaters built to withstand harsh environmental conditions. Its clientele is varied, consisting of major integrated energy corporations, state-owned or government-controlled oil enterprises, and numerous independent energy companies. Established in 1926, Transocean's corporate headquarters are located in Steinhausen, Switzerland.

Sector
Energy
Industry
Energy Equipment & Services
Exchange
UN
CEO
Keelan I. Adamson
Headquarters
Zug, V8, CH
IPO Date
May 28, 1993
Employees
5,220
Website
www.deepwater.com

Key Metrics

Price
$5.17
Market Cap
$5.26B
Revenue (TTM)
$1.08B
Net Income (TTM)
$71.00M
EPS (TTM)
0.06
P/E (TTM)
-1.90
P/B (TTM)
0.64
Dividend Yield
14.08%
ROE (TTM)
0.87%
ROA (TTM)
0.47%
Operating Margin
26.18%
Beta
0.56

Dividends

Last Dividend
$0.15
Last Yield
0.14%

Summary

Transocean Ltd., in conjunction with its subsidiaries, offers specialized contract drilling services for oil and natural gas wells throughout the world. The company provides mobile offshore drilling rigs, all necessary equipment, and skilled workforces to carry out these drilling operations. As of February 14, 2022, Transocean oversaw and held partial ownership interests in a fleet of 37 mobile offshore drilling units. This fleet notably included 27 ultra-deepwater floaters and 10 floaters built to withstand harsh environmental conditions. Its clientele is varied, consisting of major integrated energy corporations, state-owned or government-controlled oil enterprises, and numerous independent energy companies. Established in 1926, Transocean's corporate headquarters are located in Steinhausen, Switzerland.

Website
www.deepwater.com
Location
Zug, V8, CH
Phone41 41 749 0500
Employees5,220
CEOKeelan I. Adamson
Sector
Energy
Industry
Energy Equipment & Services
IPO DateMay 28, 1993

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(1.7K)

Expand
  • 10-QQ3ended 30 Sept 20263 Nov
  • DEFA14ADefinitive additional materials2 Nov
  • 8-K​​​​​​​​​​​​​​​​​​​​​Three months ended​​​​​Three months ended​​​​​September 30,​June 30,​ ​ ​sequential​September 30,​ ​ ​year-over-year​2026​2026​change​2025​change(In millions, except per share amounts and percentages)​​​​​​​​​​​​​​​​​​​Contract drilling revenues$937​​$966​​$(29)​​$1,028​​$(91)​Revenue efficiency​96.8%​​97.0%​​​​​​97.5%​​​​Operating and maintenance expense$589​​$608​​$19​​$584​​$(5)​Net income (loss)$26​​$170​​$(144)​​$(1,923)​​$1,949​Basic earnings (loss) per share$0.02​​$0.15​​$(0.13)​​$(2.00)​​$2.02​Diluted earnings (loss) per share$0.02​​$0.04​​$(0.02)​​$(2.00)​​$2.02​​​​​​​​​​​​​​​​​​​​​Adjusted EBITDA$313​​$312​​$1​​$397​​$(84)​Adjusted EBITDA margin​33.4%​​32.2%​​​​​​38.7%​​​​Adjusted net income$1​​$158​​$(157)​​$62​​$(61)​Adjusted diluted earnings (loss) per share$—​​$0.03​​$(0.03)​​$0.06​​$(0.06)​​​​​​​​​​​​​​​​​​​​​Net cash provided by operating activities$174​​$236​​$(62)​​$246​​$(72)​Free cash flow$131​​$212​​$(81)​​$235​​$(104)​Total debt, principal amount, end of period$4,975​​$5,107​​$(132)​​$6,297​​$(1,322)​2 Nov
  • 8-KOther Events23 Oct
  • 8-KRegulation FD Disclosure19 Oct
  • 8-KEntry into a Material Definitive Agreement15 Oct
  • DEFA14ADefinitive additional materials14 Oct
  • 8-KOther Events14 Oct
  • DEFM14ADefinitive proxy statement (merger)14 Oct
  • 8-KRegulation FD Disclosure9 Oct
  • DEFA14ADefinitive additional materials30 Sep
  • 8-KOther Events30 Sep
  • 8-KRegulation FD Disclosure15 Sep
  • 8-KRegulation FD Disclosure20 Aug
  • 10-QQ2ended 30 Jun 20266 Aug
  • 8-K​​​​​​​​​​​​​​​​​​​​​Three months ended​​​​​Three months ended​​​​​June 30,​March 31,​ ​ ​sequential​June 30,​ ​ ​year-over-year​2026​2026​change​2025​change(In millions, except per share amounts and percentages)​​​​​​​​​​​​​​​​​​​Contract drilling revenues$966​​$1,081​​$(115)​​$988​​$(22)​Revenue efficiency​97.0%​​97.3%​​​​​​96.6%​​​​Operating and maintenance expense$608​​$606​​$(2)​​$599​​$(9)​Net income (loss)$170​​$71​​$99​​$(938)​​$1,108​Basic earnings (loss) per share$0.15​​$0.06​​$0.09​​$(1.06)​​$1.21​Diluted earnings (loss) per share$0.04​​$0.06​​$(0.02)​​$(1.06)​​$1.10​​​​​​​​​​​​​​​​​​​​​Adjusted EBITDA$312​​$440​​$(128)​​$344​​$(32)​Adjusted EBITDA margin​32.2%​​40.7%​​​​​​34.9%​​​​Adjusted net income (loss)$158​​$(28)​​$186​​$19​​$139​Adjusted diluted earnings (loss) per share$0.03​​$(0.03)​​$0.06​​$—​​$0.03​​​​​​​​​​​​​​​​​​​​​Net cash provided by operating activities$236​​$164​​$72​​$128​​$108​Free cash flow$212​​$136​​$76​​$104​​$108​Total debt, principal amount, end of period$5,107​​$5,137​​$(30)​​$6,654​​$(1,547)​5 Aug
  • Form 4DEATON CHAD C7 Jul
  • DEFA14ADefinitive additional materials1 Jul
  • 8-KRegulation FD Disclosure1 Jul
  • 8-KRegulation FD Disclosure16 Jun

News

  • Contrasting Transocean (NYSE:RIG) and WBI (NYSE:WBI)11 Nov
  • Diamond Hill Large Cap Fund Q3 2026 Portfolio Update6 Nov
  • Transocean's Plunge Offers Upside As Its Big Merger Nears4 Nov
  • Transocean Q3 Earnings Call Highlights4 Nov
  • Transocean Ltd. (RIG) Q3 2026 Earnings Call Transcript3 Nov
  • Transocean (RIG) Reports Break-Even Earnings for Q32 Nov
  • Transocean Ltd. Reports Third Quarter 2026 Results2 Nov
  • Transocean Ltd. Provides Quarterly Fleet Status Report2 Nov
  • Here's Why Transocean (RIG) is a Strong Growth Stock30 Oct
  • Buy Transocean: Upside In Boom Era Outweighs Downside29 Oct
  • Diamond Hill Small-Mid Cap Fund Q3 2026 Contributors And Detractors29 Oct
  • Will RIG's $1.6B Backlog Surge Disarm Short Sellers on Nov. 2? Here's What to Watch27 Oct
  • Are You Looking for a Top Momentum Pick? Why Transocean (RIG) is a Great Choice26 Oct
  • Transocean (RIG) Expected to Beat Earnings Estimates: Should You Buy?26 Oct
  • 3 Stocks to Buy as the AI Trade Sputters24 Oct
  • Transocean Gains 14.7% in 3 Months: Should Investors Buy the Stock?23 Oct
  • Valaris Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Valaris Limited - VAL22 Oct
  • Transocean Secures $550M in Gulf Contracts, Strengthens Backlog22 Oct
  • Transocean Advances $5.8B Valaris Deal With Brazil Antitrust Nod20 Oct
  • Twilio, Transocean and a Health Care Stock on CNBC's ‘Final Trades'20 Oct

Mentions in Filings

  • On May 19, 2026, Valaris and <strong>Transocean</strong> filed a joint preliminary proxy statement on Schedule 14A with the United States Securities and Exchange Commission (the “Preliminary Joint Proxy Statement”) in connection with the (i) special court-ordered meeting of Valaris (the “Valaris Court Meeting”), to be held on November 24, 2026, at which the Valaris Shareholders will vote on, among other matters related to the Business Combination, the Scheme of A …
    Valaris LtdTransocean Ltd.·DEFA14A - Definitive additional materials·Q4 26·04:25PM
  • … the fiscal years 2026 through 2027, by applying a range of multiples of illustrative EV/NTM EBITDA of 5.75x to 7.75x to estimates of the Combined Company’s NTM EBITDA for each of the fiscal years 2026 through 2027. This illustrative range of EV/NTM EBITDA multiple estimates was derived by Goldman Sachs utilizing its professional judgment and experience, taking into account current and historical EV/NTM EBITDA multiples for Valaris and <strong>Transocean</strong>.
    Valaris LtdTransocean Ltd.·8-K - Other Events·Q4 26·04:21PM
  • … trusts to acquire drillable land. His oldest sons Danny, Toby and Derek who were then 26, 25 and 22 took over in 2007. They didn’t have much preparation. Danny, who had spent a year in planning at deepwater oil driller <strong>Transocean</strong>, became CEO. Toby, an All-American college baseball player who didn’t get drafted, worked as a roughneck on a Texas oil rig; he became head of operations. Derek, who studied geology at Tufts and the University of Housto …
    RANGE RESOURCES CORPTransocean Ltd.·425 - Form 425 - Business combination communication·Q4 26·5 Nov
  • … Act, and (2) directing SMUNL to deduct 2%, or approximately $69 million, of their contract value and remit the same to NIMASA. In June 2019, the Court of Appeals sitting in Lagos ("COA") issued a conflicting judgment in <strong>Transocean</strong> Support Services Nigeria & Ors v NIMASA & Anor, finding drilling units cannot be deemed vessels under the Cabotage Act pending appeal. SMUNL filed an appeal to the COA in July 2019, and applied to the Federal High Court …
    SEADRILL LtdTransocean Ltd.·10-Q - Quarterly report Q3·Q3 26·4 Nov
  • … on the statistical standards of IATA (International Air Transport Association) and ICAO (International Civil Aviation Organization).     3. Full-service carriers (international flights): Japan Airlines Co., Ltd., Japan <strong>Transocean</strong> Air Co., Ltd.   Full-service carriers (domestic flights): Japan Airlines Co., Ltd., J-AIR Inc.                                  Japan Air Commuter Co., Ltd., Hokkaido Air System Co., Ltd. …
    Japan Airlines Co., Ltd.Transocean Ltd.·Interim Report - Semi-Annual Report (2026.04.01-2027.03.31)·04 Nov·4 Nov
  • … ne months ended September 30, 2026 are not necessarily indicative of the results of operations that will be realized for the year ending December 31, 2026, or for any future period. We recommend these condensed consolidated financial statements be read in conjunction with our annual report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 20, 2026 (our "Annual Report"). Pending Business Combination with <strong>Transocean</strong>
    Valaris LtdTransocean Ltd.·10-Q - Quarterly report Q3·Q3 26·3 Nov

Key Stats

Trading

Px/Chg 1D$5.17 / -1.34%
Avg Volume35.54M
Beta0.56
Mkt Cap5.26B
FD Mkt Cap5.90B

Float

Shrs Out/Float1.02B / 916.71M
Short Float0.30%
Days to Cover5.59
Stock Repurchased$0.00

Current Valuation

EV9.91B
EV/EBITDA-6.40
EV/Sales2.39
P/B0.64
P/S1.27
FCF Yield2.59%
ROE0.87%
ROA0.47%
Current Ratio1.54

Dividend

Cash$0.15
Yield14.08%
Yield (TTM)14.08%

Estimates

P/E-1.90
Est P/E0.00
Est EPS0.07
Est PEG0.00

Valuation

Metric5Yr AvgMay '23Apr '24Apr '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings64.60-6.70-4.69-3.83264.1974.01
Price / Sales2.991.621.580.566.334.86
Price / Book Value0.490.390.430.190.810.64
Price / Free Cash Flow7.39-15.46-17.0010.1720.5838.64
ENTERPRISE VALUE METRICS
Enterprise Value10,537.011,294.111,560.88,651.511,264.89,914.0
Enterprise Value / Sales6.184.394.082.4610.809.17
Enterprise Value / EBITDA20.3913.2723.0814.8728.0222.74
Enterprise Value / EBIT-2,261.79-11,294.05-39.19-53.7444.1833.84

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue11.6%2,556.02,575.02,832.03,524.03,965.0
Gross Income16.2%1,814.01,840.02,088.02,785.03,306.0
EBITDA—939.0851.0501.0582.0-1,734.0
EBIT219.4%-23.0-1.0-295.0-161.0-2,393.0
Net Income49%-592.0-621.0-954.0-512.0-2,915.0
EPS (Diluted)34.5%-0.93-0.89-1.24-0.60-3.04
BALANCE SHEET
Cash & ST Inv53.4%976.0683.0995.0560.0997.0
Total Assets-6.7%20,681.020,436.020,254.019,371.015,642.0
Total Liabilities-5.6%9,475.09,644.09,838.09,086.07,534.0
Total Shareholder Equity-7.8%11,205.010,791.010,415.010,284.08,108.0
CASH FLOW
Net Operating Cash Flow6.8%575.0448.0164.0447.0749.0
Cap Ex-12.3%-208.0-717.0-427.0-254.0-123.0
Free Cash Flow14.3%367.0-269.0-263.0193.0626.0

Enterprise Value Bridge

Millions USD13 Nov '26
Price (As of 13 Nov '26)5.54
Basic Shares1,016.45
Market Cap5,631.1
Diluted Shares1,127.00
Fully Diluted Shares Outstanding1,127.00
Fully Diluted Market Cap6,243.6
+Consolidated Debt5,018.0
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-499.0
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value10,150.1

Segment data

Revenue

by Products and services

  • Oil And Gas Service100%

Revenue

by Geography

  • United States41%
  • Brazil22%
  • Other Geographical21%
  • Norway16%

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ODL NO

Transocean Ltd. — Company Profile

Transocean Ltd., in conjunction with its subsidiaries, offers specialized contract drilling services for oil and natural gas wells throughout the world. The company provides mobile offshore drilling rigs, all necessary equipment, and skilled workforces to carry out these drilling operations. As of February 14, 2022, Transocean oversaw and held partial ownership interests in a fleet of 37 mobile offshore drilling units. This fleet notably included 27 ultra-deepwater floaters and 10 floaters built to withstand harsh environmental conditions. Its clientele is varied, consisting of major integrated energy corporations, state-owned or government-controlled oil enterprises, and numerous independent energy companies. Established in 1926, Transocean's corporate headquarters are located in Steinhausen, Switzerland.

Sector
Energy
Industry
Energy Equipment & Services
Exchange
UN
CEO
Keelan I. Adamson
Headquarters
Zug, V8, CH
IPO Date
May 28, 1993
Employees
5,220
Website
www.deepwater.com

Key Metrics

Price
$5.17
Market Cap
$5.26B
Revenue (TTM)
$1.08B
Net Income (TTM)
$71.00M
EPS (TTM)
0.06
P/E (TTM)
-1.90
P/B (TTM)
0.64
Dividend Yield
14.08%
ROE (TTM)
0.87%
ROA (TTM)
0.47%
Operating Margin
26.18%
Beta
0.56

Dividends

Last Dividend
$0.15
Last Yield
0.14%

Summary

Transocean Ltd., in conjunction with its subsidiaries, offers specialized contract drilling services for oil and natural gas wells throughout the world. The company provides mobile offshore drilling rigs, all necessary equipment, and skilled workforces to carry out these drilling operations. As of February 14, 2022, Transocean oversaw and held partial ownership interests in a fleet of 37 mobile offshore drilling units. This fleet notably included 27 ultra-deepwater floaters and 10 floaters built to withstand harsh environmental conditions. Its clientele is varied, consisting of major integrated energy corporations, state-owned or government-controlled oil enterprises, and numerous independent energy companies. Established in 1926, Transocean's corporate headquarters are located in Steinhausen, Switzerland.

Website
www.deepwater.com
Location
Zug, V8, CH
Phone41 41 749 0500
Employees5,220
CEOKeelan I. Adamson
Sector
Energy
Industry
Energy Equipment & Services
IPO DateMay 28, 1993

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(1.7K)

Expand
  • 10-QQ3ended 30 Sept 20263 Nov
  • DEFA14ADefinitive additional materials2 Nov
  • 8-K​​​​​​​​​​​​​​​​​​​​​Three months ended​​​​​Three months ended​​​​​September 30,​June 30,​ ​ ​sequential​September 30,​ ​ ​year-over-year​2026​2026​change​2025​change(In millions, except per share amounts and percentages)​​​​​​​​​​​​​​​​​​​Contract drilling revenues$937​​$966​​$(29)​​$1,028​​$(91)​Revenue efficiency​96.8%​​97.0%​​​​​​97.5%​​​​Operating and maintenance expense$589​​$608​​$19​​$584​​$(5)​Net income (loss)$26​​$170​​$(144)​​$(1,923)​​$1,949​Basic earnings (loss) per share$0.02​​$0.15​​$(0.13)​​$(2.00)​​$2.02​Diluted earnings (loss) per share$0.02​​$0.04​​$(0.02)​​$(2.00)​​$2.02​​​​​​​​​​​​​​​​​​​​​Adjusted EBITDA$313​​$312​​$1​​$397​​$(84)​Adjusted EBITDA margin​33.4%​​32.2%​​​​​​38.7%​​​​Adjusted net income$1​​$158​​$(157)​​$62​​$(61)​Adjusted diluted earnings (loss) per share$—​​$0.03​​$(0.03)​​$0.06​​$(0.06)​​​​​​​​​​​​​​​​​​​​​Net cash provided by operating activities$174​​$236​​$(62)​​$246​​$(72)​Free cash flow$131​​$212​​$(81)​​$235​​$(104)​Total debt, principal amount, end of period$4,975​​$5,107​​$(132)​​$6,297​​$(1,322)​2 Nov
  • 8-KOther Events23 Oct
  • 8-KRegulation FD Disclosure19 Oct
  • 8-KEntry into a Material Definitive Agreement15 Oct
  • DEFA14ADefinitive additional materials14 Oct
  • 8-KOther Events14 Oct
  • DEFM14ADefinitive proxy statement (merger)14 Oct
  • 8-KRegulation FD Disclosure9 Oct
  • DEFA14ADefinitive additional materials30 Sep
  • 8-KOther Events30 Sep
  • 8-KRegulation FD Disclosure15 Sep
  • 8-KRegulation FD Disclosure20 Aug
  • 10-QQ2ended 30 Jun 20266 Aug
  • 8-K​​​​​​​​​​​​​​​​​​​​​Three months ended​​​​​Three months ended​​​​​June 30,​March 31,​ ​ ​sequential​June 30,​ ​ ​year-over-year​2026​2026​change​2025​change(In millions, except per share amounts and percentages)​​​​​​​​​​​​​​​​​​​Contract drilling revenues$966​​$1,081​​$(115)​​$988​​$(22)​Revenue efficiency​97.0%​​97.3%​​​​​​96.6%​​​​Operating and maintenance expense$608​​$606​​$(2)​​$599​​$(9)​Net income (loss)$170​​$71​​$99​​$(938)​​$1,108​Basic earnings (loss) per share$0.15​​$0.06​​$0.09​​$(1.06)​​$1.21​Diluted earnings (loss) per share$0.04​​$0.06​​$(0.02)​​$(1.06)​​$1.10​​​​​​​​​​​​​​​​​​​​​Adjusted EBITDA$312​​$440​​$(128)​​$344​​$(32)​Adjusted EBITDA margin​32.2%​​40.7%​​​​​​34.9%​​​​Adjusted net income (loss)$158​​$(28)​​$186​​$19​​$139​Adjusted diluted earnings (loss) per share$0.03​​$(0.03)​​$0.06​​$—​​$0.03​​​​​​​​​​​​​​​​​​​​​Net cash provided by operating activities$236​​$164​​$72​​$128​​$108​Free cash flow$212​​$136​​$76​​$104​​$108​Total debt, principal amount, end of period$5,107​​$5,137​​$(30)​​$6,654​​$(1,547)​5 Aug
  • Form 4DEATON CHAD C7 Jul
  • DEFA14ADefinitive additional materials1 Jul
  • 8-KRegulation FD Disclosure1 Jul
  • 8-KRegulation FD Disclosure16 Jun

News

  • Contrasting Transocean (NYSE:RIG) and WBI (NYSE:WBI)11 Nov
  • Diamond Hill Large Cap Fund Q3 2026 Portfolio Update6 Nov
  • Transocean's Plunge Offers Upside As Its Big Merger Nears4 Nov
  • Transocean Q3 Earnings Call Highlights4 Nov
  • Transocean Ltd. (RIG) Q3 2026 Earnings Call Transcript3 Nov
  • Transocean (RIG) Reports Break-Even Earnings for Q32 Nov
  • Transocean Ltd. Reports Third Quarter 2026 Results2 Nov
  • Transocean Ltd. Provides Quarterly Fleet Status Report2 Nov
  • Here's Why Transocean (RIG) is a Strong Growth Stock30 Oct
  • Buy Transocean: Upside In Boom Era Outweighs Downside29 Oct
  • Diamond Hill Small-Mid Cap Fund Q3 2026 Contributors And Detractors29 Oct
  • Will RIG's $1.6B Backlog Surge Disarm Short Sellers on Nov. 2? Here's What to Watch27 Oct
  • Are You Looking for a Top Momentum Pick? Why Transocean (RIG) is a Great Choice26 Oct
  • Transocean (RIG) Expected to Beat Earnings Estimates: Should You Buy?26 Oct
  • 3 Stocks to Buy as the AI Trade Sputters24 Oct
  • Transocean Gains 14.7% in 3 Months: Should Investors Buy the Stock?23 Oct
  • Valaris Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Valaris Limited - VAL22 Oct
  • Transocean Secures $550M in Gulf Contracts, Strengthens Backlog22 Oct
  • Transocean Advances $5.8B Valaris Deal With Brazil Antitrust Nod20 Oct
  • Twilio, Transocean and a Health Care Stock on CNBC's ‘Final Trades'20 Oct

Mentions in Filings

  • On May 19, 2026, Valaris and <strong>Transocean</strong> filed a joint preliminary proxy statement on Schedule 14A with the United States Securities and Exchange Commission (the “Preliminary Joint Proxy Statement”) in connection with the (i) special court-ordered meeting of Valaris (the “Valaris Court Meeting”), to be held on November 24, 2026, at which the Valaris Shareholders will vote on, among other matters related to the Business Combination, the Scheme of A …
    Valaris LtdTransocean Ltd.·DEFA14A - Definitive additional materials·Q4 26·04:25PM
  • … the fiscal years 2026 through 2027, by applying a range of multiples of illustrative EV/NTM EBITDA of 5.75x to 7.75x to estimates of the Combined Company’s NTM EBITDA for each of the fiscal years 2026 through 2027. This illustrative range of EV/NTM EBITDA multiple estimates was derived by Goldman Sachs utilizing its professional judgment and experience, taking into account current and historical EV/NTM EBITDA multiples for Valaris and <strong>Transocean</strong>.
    Valaris LtdTransocean Ltd.·8-K - Other Events·Q4 26·04:21PM
  • … trusts to acquire drillable land. His oldest sons Danny, Toby and Derek who were then 26, 25 and 22 took over in 2007. They didn’t have much preparation. Danny, who had spent a year in planning at deepwater oil driller <strong>Transocean</strong>, became CEO. Toby, an All-American college baseball player who didn’t get drafted, worked as a roughneck on a Texas oil rig; he became head of operations. Derek, who studied geology at Tufts and the University of Housto …
    RANGE RESOURCES CORPTransocean Ltd.·425 - Form 425 - Business combination communication·Q4 26·5 Nov
  • … Act, and (2) directing SMUNL to deduct 2%, or approximately $69 million, of their contract value and remit the same to NIMASA. In June 2019, the Court of Appeals sitting in Lagos ("COA") issued a conflicting judgment in <strong>Transocean</strong> Support Services Nigeria & Ors v NIMASA & Anor, finding drilling units cannot be deemed vessels under the Cabotage Act pending appeal. SMUNL filed an appeal to the COA in July 2019, and applied to the Federal High Court …
    SEADRILL LtdTransocean Ltd.·10-Q - Quarterly report Q3·Q3 26·4 Nov
  • … on the statistical standards of IATA (International Air Transport Association) and ICAO (International Civil Aviation Organization).     3. Full-service carriers (international flights): Japan Airlines Co., Ltd., Japan <strong>Transocean</strong> Air Co., Ltd.   Full-service carriers (domestic flights): Japan Airlines Co., Ltd., J-AIR Inc.                                  Japan Air Commuter Co., Ltd., Hokkaido Air System Co., Ltd. …
    Japan Airlines Co., Ltd.Transocean Ltd.·Interim Report - Semi-Annual Report (2026.04.01-2027.03.31)·04 Nov·4 Nov
  • … ne months ended September 30, 2026 are not necessarily indicative of the results of operations that will be realized for the year ending December 31, 2026, or for any future period. We recommend these condensed consolidated financial statements be read in conjunction with our annual report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 20, 2026 (our "Annual Report"). Pending Business Combination with <strong>Transocean</strong>
    Valaris LtdTransocean Ltd.·10-Q - Quarterly report Q3·Q3 26·3 Nov

Key Stats

Trading

Px/Chg 1D$5.17 / -1.34%
Avg Volume35.54M
Beta0.56
Mkt Cap5.26B
FD Mkt Cap5.90B

Float

Shrs Out/Float1.02B / 916.71M
Short Float0.30%
Days to Cover5.59
Stock Repurchased$0.00

Current Valuation

EV9.91B
EV/EBITDA-6.40
EV/Sales2.39
P/B0.64
P/S1.27
FCF Yield2.59%
ROE0.87%
ROA0.47%
Current Ratio1.54

Dividend

Cash$0.15
Yield14.08%
Yield (TTM)14.08%

Estimates

P/E-1.90
Est P/E0.00
Est EPS0.07
Est PEG0.00

Valuation

Metric5Yr AvgMay '23Apr '24Apr '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings64.60-6.70-4.69-3.83264.1974.01
Price / Sales2.991.621.580.566.334.86
Price / Book Value0.490.390.430.190.810.64
Price / Free Cash Flow7.39-15.46-17.0010.1720.5838.64
ENTERPRISE VALUE METRICS
Enterprise Value10,537.011,294.111,560.88,651.511,264.89,914.0
Enterprise Value / Sales6.184.394.082.4610.809.17
Enterprise Value / EBITDA20.3913.2723.0814.8728.0222.74
Enterprise Value / EBIT-2,261.79-11,294.05-39.19-53.7444.1833.84

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue11.6%2,556.02,575.02,832.03,524.03,965.0
Gross Income16.2%1,814.01,840.02,088.02,785.03,306.0
EBITDA—939.0851.0501.0582.0-1,734.0
EBIT219.4%-23.0-1.0-295.0-161.0-2,393.0
Net Income49%-592.0-621.0-954.0-512.0-2,915.0
EPS (Diluted)34.5%-0.93-0.89-1.24-0.60-3.04
BALANCE SHEET
Cash & ST Inv53.4%976.0683.0995.0560.0997.0
Total Assets-6.7%20,681.020,436.020,254.019,371.015,642.0
Total Liabilities-5.6%9,475.09,644.09,838.09,086.07,534.0
Total Shareholder Equity-7.8%11,205.010,791.010,415.010,284.08,108.0
CASH FLOW
Net Operating Cash Flow6.8%575.0448.0164.0447.0749.0
Cap Ex-12.3%-208.0-717.0-427.0-254.0-123.0
Free Cash Flow14.3%367.0-269.0-263.0193.0626.0

Enterprise Value Bridge

Millions USD13 Nov '26
Price (As of 13 Nov '26)5.54
Basic Shares1,016.45
Market Cap5,631.1
Diluted Shares1,127.00
Fully Diluted Shares Outstanding1,127.00
Fully Diluted Market Cap6,243.6
+Consolidated Debt5,018.0
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-499.0
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value10,150.1

Segment data

Revenue

by Products and services

  • Oil And Gas Service100%

Revenue

by Geography

  • United States41%
  • Brazil22%
  • Other Geographical21%
  • Norway16%

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