Recent Insider Transactions • May 29
Executive VP & Chief Legal Officer recently sold Mex$11m worth of stock On the 21st of May, Brady Long sold around 82k shares on-market at roughly Mex$129 per share. This transaction amounted to 6.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$70m more than they bought in the last 12 months. Reported Earnings • May 10
First quarter 2026 earnings released: EPS: US$0.064 (vs US$0.089 loss in 1Q 2025) First quarter 2026 results: EPS: US$0.064 (up from US$0.089 loss in 1Q 2025). Revenue: US$1.08b (up 19% from 1Q 2025). Net income: US$71.0m (up US$150.0m from 1Q 2025). Profit margin: 6.6% (up from net loss in 1Q 2025). Revenue is expected to decline by 3.7% p.a. on average during the next 3 years, while revenues in the Global Energy Services industry are expected to grow by 5.7%. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Ankündigung • May 06
Expro Group Holdings N.V. (NYSE:XPRO) entered into a definitive agreement to acquire Enhanced Well Technologies AS from Shell Ventures, IKM Gruppen AS, Havn Capital, Transocean Ltd. (NYSE:RIG) and others for approximately NOK 2 billion. Expro Group Holdings N.V. (NYSE:XPRO) entered into a definitive agreement to acquire Enhanced Well Technologies AS from Shell Ventures, IKM Gruppen AS, Havn Capital, Transocean Ltd. (NYSE:RIG) and others for approximately NOK 2 billion on May 4, 2026. The total consideration to be paid at closing is approximately NOK 2 billion in cash (approximately $215 million based on current exchange rates) plus customary closing and working capital adjustments. The acquisition will be funded through combination of cash on hand and borrowings under the revolving credit facility. Until the transaction is completed, both companies will continue to operate independently with no expected disruption to customers, partners, or suppliers.
The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in the third quarter of 2026. The transaction is immediately accretive to cash flow and adds approximately $275 million of order backlog.
Fearnley Securities AS acted as financial advisor for Havn Capital, IKM Gruppen AS, Shell Ventures, Transocean Ltd. and the other shareholders of Enhanced Well Technologies AS. SpareBank 1 Markets AS acted as financial advisor for Enhanced Well Technologies AS, IKM Gruppen AS, Shell Ventures, Havn Capital, Transocean Ltd. and the other shareholders of Enhanced Well Technologies AS. New Risk • May 06
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 13% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 13% per year for the foreseeable future. Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Significant insider selling over the past 3 months (Mex$8.8m sold). Breakeven Date Change • May 06 The 9 analysts covering Transocean previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of US$242.8m in 2026.
Ankündigung • Apr 09
Transocean Ltd. to Report Q1, 2026 Results on May 04, 2026 Transocean Ltd. announced that they will report Q1, 2026 results After-Market on May 04, 2026 Ankündigung • Mar 24
Transocean Ltd., Annual General Meeting, May 22, 2026 Transocean Ltd., Annual General Meeting, May 22, 2026, at 08:00 W. Europe Standard Time. Location: parkhotel zug, industriestrasse 14, 6302 zug, switzerland, Switzerland Recent Insider Transactions • Mar 08
Executive VP & Chief Commercial Officer recently sold Mex$8.8m worth of stock On the 4th of March, Roderick Mackenzie sold around 78k shares on-market at roughly Mex$112 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$60m more than they bought in the last 12 months. Reported Earnings • Feb 21
Full year 2025 earnings released: US$3.04 loss per share (vs US$0.60 loss in FY 2024) Full year 2025 results: US$3.04 loss per share (further deteriorated from US$0.60 loss in FY 2024). Revenue: US$3.97b (up 13% from FY 2024). Net loss: US$2.92b (loss widened 469% from FY 2024). Revenue is expected to decline by 2.7% p.a. on average during the next 2 years, while revenues in the Global Energy Services industry are expected to grow by 4.4%. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Ankündigung • Feb 20
Transocean Ltd. Provides Earnings Guidance for the First Quarter and Full Year of 2026 Transocean Ltd. provided earnings guidance for the first quarter and full year of 2026. For the first quarter, the company expects contract drilling revenues of $1,020 million to $1,050 million.
For the full year 2026, the company expects contract drilling revenues of $3,800 million to $3,950 million. Ankündigung • Feb 10
Transocean Ltd. (NYSE:RIG) signed a definitive agreement to acquire Valaris Limited (NYSE:VAL). from Perestroika AS, Famatown Finance Limited, Oak Hill Advisors and others for $5.7 billion. Transocean Ltd. (NYSE:RIG) signed a definitive agreement to acquire Valaris Limited (NYSE:VAL) from Perestroika AS, Famatown Finance Limited, Oak Hill Advisors and others for $5.7 billion on February 9, 2026. Under the terms of the acquisition, Transocean Ltd. will acquire all of the issued and outstanding common shares of Valaris Limited. As part of consideration, Valaris shareholders will receive a fixed exchange ratio of 15.235 shares of Transocean stock for each common share of Valaris. Transocean Ltd has received shareholder support agreements from Perestroika AS which owns approximately 9% of the shares outstanding of Transocean, and Famatown Finance Limited and Oak Hill Advisors, which collectively own approximately 18% of Valaris’ outstanding shares, committing to vote in favor of this transaction. Upon completion and on a fully diluted basis, Transocean shareholders will own approximately 53% of the combined company, with Valaris shareholders owning the remaining 47%. The enterprise value of the pro forma company is approximately $17 billion. Upon completion, Transocean’s senior management team will be led by CEO Keelan Adamson, and Jeremy Thigpen will serve as Executive Chairman of the Board. The board will be comprised of nine current Transocean directors and two current Valaris directors. Transocean will remain incorporated in Switzerland, with its primary administrative office in Houston.
The transaction is subject court-approved scheme of arrangement, approval by the shareholders of Transocean Ltd. and Valaris Limited, regulatory approvals and customary closing conditions. The deal has been unanimously approved by the board of directors of Transocean Ltd. and Valaris Limited. The transaction is is expected to close in the second half of 2026. The transaction is accretive on key financial metrics.
Evercore Inc. acted as lead financial advisor to Transocean Ltd. Hogan Lovells acted as legal advisor to Transocean Ltd. Homburger AG acted as legal advisor to Transocean Ltd. Appleby acted as legal advisor to Transocean Ltd. Goldman Sachs & Co. LLC acted as financial advisor to Valaris Limited. Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to Valaris Limited. Lenz & Staehelin acted as legal advisor to Valaris Limited. Conyers Dill & Pearman LLP acted as legal advisor to Valaris Limited. Ankündigung • Jan 23
Transocean Ltd. to Report Q4, 2025 Results on Feb 19, 2026 Transocean Ltd. announced that they will report Q4, 2025 results After-Market on Feb 19, 2026 Buy Or Sell Opportunity • Jan 10
Now 21% undervalued Over the last 90 days, the stock has risen 22% to Mex$77.16. The fair value is estimated to be Mex$97.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has declined by 23%. Revenue is forecast to grow by 0.4% in a year. Earnings are forecast to grow by 80% in the next year. Recent Insider Transactions • Dec 07
Executive VP & Chief Commercial Officer recently sold Mex$2.9m worth of stock On the 3rd of December, Roderick Mackenzie sold around 35k shares on-market at roughly Mex$81.82 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$40m. Insiders have been net sellers, collectively disposing of Mex$51m more than they bought in the last 12 months. Recent Insider Transactions • Dec 03
Executive Chair recently sold Mex$40m worth of stock On the 26th of November, Jeremy Thigpen sold around 500k shares on-market at roughly Mex$79.26 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jeremy's only on-market trade for the last 12 months. Recent Insider Transactions • Nov 06
Executive VP & Chief Commercial Officer recently sold Mex$3.9m worth of stock On the 31st of October, Roderick Mackenzie sold around 54k shares on-market at roughly Mex$71.65 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$11m more than they bought in the last 12 months. Reported Earnings • Oct 31
Third quarter 2025 earnings released: US$2.00 loss per share (vs US$0.56 loss in 3Q 2024) Third quarter 2025 results: US$2.00 loss per share (further deteriorated from US$0.56 loss in 3Q 2024). Revenue: US$1.03b (up 8.4% from 3Q 2024). Net loss: US$1.92b (loss widened 289% from 3Q 2024). Revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Global Energy Services industry are expected to grow by 4.8%. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Ankündigung • Oct 15
Transocean Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Transocean Ltd. announced that they will report Q3, 2025 results After-Market on Oct 29, 2025 Buy Or Sell Opportunity • Oct 13
Now 24% undervalued The stock has been flat over the last 90 days, currently trading at Mex$57.45. The fair value is estimated to be Mex$75.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 2.6% in a year. Earnings are forecast to grow by 72% in the next year. New Risk • Sep 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). Ankündigung • Sep 26
Transocean Ltd. has completed a Follow-on Equity Offering in the amount of $381.25 million. Transocean Ltd. has completed a Follow-on Equity Offering in the amount of $381.25 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 125,000,000
Price\Range: $3.05
Discount Per Security: $0.12 Ankündigung • Sep 25
Transocean Ltd. has filed a Follow-on Equity Offering. Transocean Ltd. has filed a Follow-on Equity Offering.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 100,000,000 Reported Earnings • Aug 05
Second quarter 2025 earnings released: US$1.06 loss per share (vs US$0.15 loss in 2Q 2024) Second quarter 2025 results: US$1.06 loss per share (further deteriorated from US$0.15 loss in 2Q 2024). Revenue: US$988.0m (up 15% from 2Q 2024). Net loss: US$938.0m (loss widened US$815.0m from 2Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 4.5% growth forecast for the Global Energy Services industry. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Ankündigung • Jul 15
Transocean Ltd. to Report Q2, 2025 Results on Aug 04, 2025 Transocean Ltd. announced that they will report Q2, 2025 results on Aug 04, 2025 New Risk • Jun 18
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: Mex$2.5m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Significant insider selling over the past 3 months (Mex$2.5m sold). New Risk • Jun 05
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 43% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Ankündigung • Jun 04
Transocean Ltd. Announces Board Changes Transocean Ltd. at the AGM approved election of directors, each for a term extending until completion of the next Annual General Meeting: Keelan I. Adamson and William F. “Bill” Lacey. Approved Jeremy D. Thigpen was elected Chair of the Board of Directors of the Company to hold office until the completion of the next Annual General Meeting. Approved elected to serve as a member of the Compensation Committee of the Company to hold office until completion of the next Annual General Meeting. Compensation Committee Nominee: Glyn A. Barker; Vanessa C.L. Chang; Frederico F. Curado. Recent Insider Transactions • May 04
Independent Director recently bought Mex$419k worth of stock On the 30th of April, Vanessa C. Chang bought around 10k shares on-market at roughly Mex$41.93 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$4.7m more in shares than they bought in the last 12 months. Reported Earnings • Apr 29
First quarter 2025 earnings released: US$0.089 loss per share (vs US$0.12 profit in 1Q 2024) First quarter 2025 results: US$0.089 loss per share (down from US$0.12 profit in 1Q 2024). Revenue: US$906.0m (up 19% from 1Q 2024). Net loss: US$79.0m (down 181% from profit in 1Q 2024). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Global Energy Services industry. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Board Change • Apr 29
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. Independent Director Nick Dell'Osso was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Apr 11
Transocean Ltd. to Report Q1, 2025 Results on Apr 28, 2025 Transocean Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025 Board Change • Apr 07
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. Independent Director Nick Dell'Osso was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Mar 24
Transocean Ltd., Annual General Meeting, May 30, 2025 Transocean Ltd., Annual General Meeting, May 30, 2025, at 08:00 W. Europe Standard Time. Location: parkhotel zug, industriestrasse 14, 6302 zug, switzerland, Switzerland Board Change • Mar 21
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. Independent Director Nick Dell'Osso was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Feb 20
Transocean Ltd. Provides Earnings Guidance for the Year 2025 Transocean Ltd. provided earnings guidance for the year 2025. For the full year 2025, the company currently forecast contract drilling revenues to be between $3.85 billion and $3.95 billion. Ankündigung • Feb 19
Transocean Ltd. Announces Chief Executive Officer Changes Transocean Ltd. announced its plan for key leadership changes pursuant to the company’s multi-year succession planning strategy. As part of this plan, Keelan Adamson, the company’s President and Chief Operating Officer, will become President and Chief Executive Officer following a transition period, which is expected to conclude during the second quarter of 2025. Mr. Adamson will succeed Jeremy Thigpen, who has led Transocean as Chief Executive Officer since 2015. Mr. Adamson is also expected to be nominated to join the Board of Directors at the company’s 2025 annual general meeting of shareholders. Mr. Thigpen will continue serving as Chief Executive Officer until Mr. Adamson’s appointment and will continue his service as a member of the company’s Board of Directors through his current term. Thereafter, subject to shareholder approval at the 2025 annual general meeting, Mr. Thigpen is expected to be appointed as Executive Chair of the Board of Directors, and Mr. Chad Deaton, Transocean’s current Chair of the Board, will transition to Lead Independent Director. Mr. Adamson has served as Transocean’s President and Chief Operating Officer since February 2022. Prior to that time, he served as the company as Executive Vice President and Chief Operations Officer from August 2018 to February 2022, as Senior Vice President, Operations from October 2017 to July 2018, and as Senior Vice President, Operations Integrity and HSE, from June 2015 to October 2017. As part of his responsibilities during this period, Mr. Adamson oversaw the company’s Technical Services team from May 2016 to October 2017. He also served as the company’s Vice President, Human Resources from December 2012 to May 2015, and has held other executive positions with the company, including as the Vice President overseeing Major Capital Projects and Engineering. He joined Transocean in 1995 and has held rig management positions in the United Kingdom, Asia and Africa, sales and marketing leadership roles, and served as the Managing Director for the company's business in North America, Canada and Trinidad. Mr. Adamson earned a bachelor's degree in Aeronautical Engineering from The Queens University of Belfast and completed the Advanced Management Program at Harvard Business School. Reported Earnings • Feb 18
Full year 2024 earnings released: US$0.60 loss per share (vs US$1.24 loss in FY 2023) Full year 2024 results: US$0.60 loss per share (improved from US$1.24 loss in FY 2023). Revenue: US$3.52b (up 24% from FY 2023). Net loss: US$512.0m (loss narrowed 46% from FY 2023). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Global Energy Services industry. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 17
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to Mex$71.32. The fair value is estimated to be Mex$95.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years, while earnings per share has been flat. Ankündigung • Feb 15
Bronstein, Gewirtz & Grossman, LLC Files Class Action Lawsuit Against Transocean Ltd Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Transocean Ltd. and certain of its officers. This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Transocean securities between May 1, 2023 and September 2, 2024, both dates inclusive (the “Class Period”). The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the complaint alleges that Defendants failed to disclose to investors: (1) the Discoverer Inspiration and the Development Driller III were considered non-strategic assets; (2) the Company’s recorded asset valuations were overstated; (3) as a result, the Company would take nearly twice the vessels’ sale price in impairment if sold; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. Board Change • Feb 11
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. Independent Director Nick Dell'Osso was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Jan 29
Transocean Ltd. to Report Q4, 2024 Results on Feb 17, 2025 Transocean Ltd. announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Feb 17, 2025 Board Change • Jan 15
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. Independent Director Nick Dell'Osso was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Dec 30
Holzer & Holzer, LLC Files Class Action Lawsuit Against Transocean Ltd A shareholder class action lawsuit has been filed against Transocean Ltd. The lawsuit alleges that Defendants made materially false and/or misleading statements, and/or failed to disclose material adverse facts about Transocean’s business, operations, and prospects, including allegations that: (1) the Discoverer Inspiration and the Development Driller III were considered non-strategic assets; (2) Transocean’s recorded asset valuations were overstated; and (3) as a result, the Company would take nearly twice the vessels’ sale price in impairment if sold. If bought shares of Transocean between October 31, 2023 and September 2, 2024, and suffered a significant loss on that investment are encouraged to discuss legal rights by contacting Holzer & Holzer, LLC. Recent Insider Transactions • Nov 22
Executive VP & Chief Commercial Officer recently sold Mex$1.7m worth of stock On the 18th of November, Roddie Mackenzie sold around 20k shares on-market at roughly Mex$87.06 per share. This transaction amounted to 6.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Nov 01
Third quarter 2024 earnings released: US$0.56 loss per share (vs US$0.28 loss in 3Q 2023) Third quarter 2024 results: US$0.56 loss per share (further deteriorated from US$0.28 loss in 3Q 2023). Revenue: US$948.0m (up 33% from 3Q 2023). Net loss: US$494.0m (loss widened 125% from 3Q 2023). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Global Energy Services industry. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 6% per year. Ankündigung • Oct 24
Transocean Reportedly in Merger Talks with Seadrill Transocean Ltd. (NYSE:RIG) is in talks to merge with rival offshore drilling contractor Seadrill Limited (NYSE:SDRL), according to people familiar with the matter, just as oil explorers around the world are returning to the sea. Shares of Seadrill jumped about 10% after the close of regular trading in New York while Transocean’s were up about 3.7%. Ankündigung • Oct 23
Transocean Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Transocean Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Board Change • Aug 28
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. Independent Director Nick Dell'Osso was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 01
Second quarter 2024 earnings released: US$0.15 loss per share (vs US$0.22 loss in 2Q 2023) Second quarter 2024 results: US$0.15 loss per share (improved from US$0.22 loss in 2Q 2023). Revenue: US$861.0m (up 18% from 2Q 2023). Net loss: US$123.0m (loss narrowed 26% from 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Global Energy Services industry. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Ankündigung • Jul 18
Transocean Ltd. to Report Q2, 2024 Results on Jul 31, 2024 Transocean Ltd. announced that they will report Q2, 2024 results on Jul 31, 2024 Board Change • Jun 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. Independent Director Nick Dell'Osso was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 06
First quarter 2024 earnings released: EPS: US$0.12 (vs US$0.64 loss in 1Q 2023) First quarter 2024 results: EPS: US$0.12 (up from US$0.64 loss in 1Q 2023). Revenue: US$763.0m (up 18% from 1Q 2023). Net income: US$98.0m (up US$563.0m from 1Q 2023). Profit margin: 13% (up from net loss in 1Q 2023). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Global Energy Services industry. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: US$0.12 (vs US$0.64 loss in 1Q 2023) First quarter 2024 results: EPS: US$0.12 (up from US$0.64 loss in 1Q 2023). Revenue: US$763.0m (up 18% from 1Q 2023). Net income: US$98.0m (up US$563.0m from 1Q 2023). Profit margin: 13% (up from net loss in 1Q 2023). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Global Energy Services industry. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Ankündigung • Apr 11
Transocean Ltd. to Report Q1, 2024 Results on Apr 29, 2024 Transocean Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 Ankündigung • Mar 27
Transocean Ltd., Annual General Meeting, May 16, 2024 Transocean Ltd., Annual General Meeting, May 16, 2024, at 18:30 Central European Standard Time. Location: Parkhotel Zug Industriestrasse 14 6304 Zug, Switzerland Zug Switzerland Agenda: TO consider Appropriation of the Accumulated Losses for Fiscal Year 2023; TO consider Approval of Shares Authorized for Issuance; TO consider Reelection of 10 Directors, Each for a Term Extending Until Completion of the Next Annual General Meeting. Reported Earnings • Feb 20
Full year 2023 earnings released: US$1.24 loss per share (vs US$0.89 loss in FY 2022) Full year 2023 results: US$1.24 loss per share (further deteriorated from US$0.89 loss in FY 2022). Revenue: US$2.83b (up 10.0% from FY 2022). Net loss: US$954.0m (loss widened 54% from FY 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Global Energy Services industry. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Ankündigung • Feb 07
Transocean Ltd. to Report Q4, 2023 Results on Feb 19, 2024 Transocean Ltd. announced that they will report Q4, 2023 results on Feb 19, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: US$0.28 loss per share (vs US$0.039 loss in 3Q 2022) Third quarter 2023 results: US$0.28 loss per share (further deteriorated from US$0.039 loss in 3Q 2022). Revenue: US$713.0m (up 3.2% from 3Q 2022). Net loss: US$220.0m (loss widened US$192.0m from 3Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Global Energy Services industry. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 84% per year, which means it is well ahead of earnings. Ankündigung • Oct 13
Transocean Ltd. to Report Q3, 2023 Results on Oct 30, 2023 Transocean Ltd. announced that they will report Q3, 2023 results After-Market on Oct 30, 2023 Ankündigung • Sep 16
Transocean Ltd. agreed to acquire the remaining outstanding interest in Liquila Ventures Ltd from Lime Rock Partners, LLC and Perestroika AS. Transocean Ltd. agreed to acquire the remaining outstanding interest in Liquila Ventures Ltd from Lime Rock Partners, LLC and Perestroika AS on September 9, 2023. Pursuant to the Purchase Agreements, the Company agreed to issue the New Shares to the outstanding equity holders of Liquila in exchange for all of their respective equity interests in Liquila. Following this acquisition, Transocean will own and operate eight of the twelve ultra-deepwater, 1,400 short-ton hookload drillships in the world. Transocean is exploring various debt financing alternatives to partially fund the costs associated with acquiring the rig from the shipyard and preparing it for its contract in Brazil. Upon consummation of the transactions contemplated by the Purchase Agreements, the Company will own all of the issued and outstanding equity interest in Liquila indirectly through its subsidiaries. Recent Insider Transactions • Sep 06
Senior VP & Chief Accounting Officer recently sold Mex$7.9m worth of stock On the 31st of August, David Tonnel sold around 57k shares on-market at roughly Mex$139 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$58m. Insiders have been net sellers, collectively disposing of Mex$58m more than they bought in the last 12 months. Recent Insider Transactions • Aug 06
Executive VP & CFO recently sold Mex$58m worth of stock On the 3rd of August, Mark-Anthony Mey sold around 396k shares on-market at roughly Mex$147 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Mark-Anthony's only on-market trade for the last 12 months. Reported Earnings • Aug 01
Second quarter 2023 earnings released: US$0.22 loss per share (vs US$0.098 loss in 2Q 2022) Second quarter 2023 results: US$0.22 loss per share (further deteriorated from US$0.098 loss in 2Q 2022). Revenue: US$729.0m (up 5.3% from 2Q 2022). Net loss: US$165.0m (loss widened 143% from 2Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Global Energy Services industry. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Jul 18
Transocean Ltd. to Report Q2, 2023 Results on Jul 31, 2023 Transocean Ltd. announced that they will report Q2, 2023 results After-Market on Jul 31, 2023 Breakeven Date Change • Jul 05
Forecast to breakeven in 2024 The 12 analysts covering Transocean expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$257.0m in 2024. Average annual earnings growth of 101% is required to achieve expected profit on schedule. Reported Earnings • May 02
First quarter 2023 earnings released: US$0.64 loss per share (vs US$0.26 loss in 1Q 2022) First quarter 2023 results: US$0.64 loss per share (further deteriorated from US$0.26 loss in 1Q 2022). Revenue: US$649.0m (up 11% from 1Q 2022). Net loss: US$465.0m (loss widened 166% from 1Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Global Energy Services industry. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Mar 07
Independent Chairman of the Board recently bought Mex$4.0m worth of stock On the 2nd of March, Chadwick Deaton bought around 30k shares on-market at roughly Mex$134 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Chadwick has been a buyer over the last 12 months, purchasing a net total of Mex$8.0m worth in shares. Reported Earnings • Feb 22
Full year 2022 earnings released: US$0.89 loss per share (vs US$0.93 loss in FY 2021) Full year 2022 results: US$0.89 loss per share. Revenue: US$2.58b (flat on FY 2021). Net loss: US$621.0m (loss widened 4.9% from FY 2021). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Global Energy Services industry. Ankündigung • Jan 25
Transocean Ltd. to Report Fiscal Year 2022 Results on Feb 21, 2023 Transocean Ltd. announced that they will report fiscal year 2022 results at 4:00 PM, US Eastern Standard Time on Feb 21, 2023 Recent Insider Transactions • Nov 17
Independent Chairman of the Board recently bought Mex$4.0m worth of stock On the 9th of November, Chadwick Deaton bought around 50k shares on-market at roughly Mex$79.64 per share. This transaction amounted to 82% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Chadwick's only on-market trade for the last 12 months. Reported Earnings • Nov 03
Third quarter 2022 earnings released: US$0.039 loss per share (vs US$0.20 loss in 3Q 2021) Third quarter 2022 results: US$0.039 loss per share (improved from US$0.20 loss in 3Q 2021). Revenue: US$691.0m (up 10% from 3Q 2021). Net loss: US$28.0m (loss narrowed 79% from 3Q 2021). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Global Energy Services industry. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 02
Second quarter 2022 earnings released: US$0.098 loss per share (vs US$0.17 loss in 2Q 2021) Second quarter 2022 results: US$0.098 loss per share (up from US$0.17 loss in 2Q 2021). Revenue: US$692.0m (up 5.5% from 2Q 2021). Net loss: US$68.0m (loss narrowed 34% from 2Q 2021). Over the next year, revenue is forecast to grow 12%, compared to a 20% growth forecast for the industry in Mexico. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jun 29
Independent Director recently bought Mex$791k worth of stock On the 23rd of June, Vanessa C. Chang bought around 12k shares on-market at roughly Mex$64.27 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Mex$1.5m more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 14
Independent Director recently bought Mex$708k worth of stock On the 12th of May, Vanessa C. Chang bought around 10k shares on-market at roughly Mex$70.82 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Mex$1.1b more in shares than they have sold in the last 12 months. Reported Earnings • May 04
First quarter 2022 earnings released: US$0.26 loss per share (vs US$0.16 loss in 1Q 2021) First quarter 2022 results: US$0.26 loss per share (down from US$0.16 loss in 1Q 2021). Revenue: US$586.0m (down 10% from 1Q 2021). Net loss: US$175.0m (loss widened 77% from 1Q 2021). Over the next year, revenue is forecast to grow 13%, compared to a 19% growth forecast for the industry in Mexico. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 25
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: US$0.93 loss per share (down from US$0.92 loss in FY 2020). Revenue: US$2.56b (down 19% from FY 2020). Net loss: US$592.0m (loss widened 4.4% from FY 2020). Revenue missed analyst estimates by 4.2%. Over the next year, revenue is forecast to stay flat compared to a 18% growth forecast for the industry in Mexico. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 03
Third quarter 2021 earnings released: US$0.20 loss per share (vs US$0.58 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: US$626.0m (down 19% from 3Q 2020). Net loss: US$130.0m (down 136% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improved over the past week After last week's 21% share price gain to Mex$77.01, the stock trades at a trailing P/E ratio of 21.1x. Average forward P/E is 13x in the Energy Services industry globally. Total loss to shareholders of 71% over the past three years. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment deteriorated over the past week After last week's 17% share price decline to US$58.00, the stock trades at a trailing P/E ratio of 15.6x. Average forward P/E is 13x in the Energy Services industry globally. Total loss to shareholders of 75% over the past three years. Reported Earnings • Aug 04
Second quarter 2021 earnings released: US$0.17 loss per share (vs US$0.81 loss in 2Q 2020) The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: US$656.0m (down 30% from 2Q 2020). Net loss: US$103.0m (loss narrowed 79% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jun 22
Independent Director recently bought Mex$420m worth of stock On the 16th of June, Frederik Mohn bought around 5m shares on-market at roughly Mex$83.97 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Executive Departure • Jun 03
Independent Director Ek Kia Tan has left the company On the 27th of May, Ek Kia Tan's tenure as Independent Director ended after 10.0 years in the role. We don't have any record of a personal shareholding under Ek Kia's name. Ek Kia is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 4.96 years. Reported Earnings • May 06
First quarter 2021 earnings released: US$0.16 loss per share (vs US$0.64 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: US$653.0m (down 14% from 1Q 2020). Net loss: US$99.0m (loss narrowed 75% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 02
New 90-day high: Mex$77.65 The company is up 99% from its price of Mex$39.10 on 01 December 2020. The Mexican market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Mex$206 per share. Reported Earnings • Feb 24
Full year 2020 earnings released: US$0.92 loss per share (vs US$2.05 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: US$3.15b (up 2.1% from FY 2019). Net loss: US$567.0m (loss narrowed 55% from FY 2019). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Feb 24
Revenue misses expectations Revenue missed analyst estimates by 0.8%. Over the next year, revenue is expected to shrink by 17% compared to a 1.0% growth forecast for the Energy Services industry in Mexico. Is New 90 Day High Low • Jan 28
New 90-day high: Mex$75.21 The company is up 396% from its price of Mex$15.15 on 29 October 2020. The Mexican market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 40% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Mex$149 per share. Is New 90 Day High Low • Jan 06
New 90-day high: Mex$52.46 The company is up 176% from its price of Mex$19.00 on 08 October 2020. The Mexican market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 35% over the same period. Is New 90 Day High Low • Dec 11
New 90-day high: Mex$50.92 The company is up 144% from its price of Mex$20.88 on 11 September 2020. The Mexican market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Mex$3.06 per share. Is New 90 Day High Low • Nov 24
New 90-day high: Mex$36.55 The company is up 33% from its price of Mex$27.40 on 26 August 2020. The Mexican market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Analyst Estimate Surprise Post Earnings • Nov 04
Revenue beats expectations Revenue exceeded analyst estimates by 0.3%. Over the next year, revenue is expected to shrink by 15% compared to a 3.0% decline forecast for the Energy Services industry in Mexico. Reported Earnings • Nov 04
Third quarter 2020 earnings released: EPS US$0.58 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: US$773.0m (down 1.4% from 3Q 2019). Net income: US$359.0m (up US$1.18b from 3Q 2019). Profit margin: 46% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Oct 15
New 90-day low: Mex$17.00 The company is down 61% from its price of Mex$44.00 on 17 July 2020. The Mexican market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Is New 90 Day High Low • Sep 26
New 90-day low: Mex$18.20 The company is down 56% from its price of Mex$41.50 on 26 June 2020. The Mexican market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.