Transocean Non-GAAP EPS of -$0.15 misses by $0.05, contract revenue of $861M misses by $5.41M
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Contributor since / Followers
Contributor since / Followers
4 months ago
- Transocean press release (NYSE:RIG): Q2 Non-GAAP EPS of -$0.15 misses by $0.05.
- Contract revenue of $861M (+18.1% Y/Y) misses by $5.41M.
- Contract drilling revenues for the three months ended June 30, 2024, increased sequentially by $98 million to $861 million, primarily due to increased rig utilization and higher revenue efficiency across the fleet. This was partially offset by lower reimbursable revenue and lower revenues resulting from the sale of Paul B. Loyd, Jr.