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Stock impact report

Transocean Ltd. Reports Fourth Quarter, Full Year 2018 Results

Transocean Ltd (Switzerland) (RIG) 
Last transocean ltd (switzerland) earnings: 4/29 04:24 pm Check Earnings Report
US:NYSE Investor Relations: investor.deepwater.com
Company Research Source: GlobeNewswire
Total contract drilling revenues were $748 million, compared with $816 million in the third quarter of 2018;Revenue efficiency(1) was 96%, compared with 95% in the prior quarter;Operating and maintenance expense was $497 million, compared with $447 million in the prior period;Net loss attributable to controlling interest was $242 million, $0.48 per diluted share, compared with net loss attributable to controlling interest of $409 million, $0.88 per diluted share, in the third quarter of 2018;Adjusted net loss was $171 million, $0.34 per diluted share, excluding $71 million of net unfavorable items. This compares with adjusted net income of $30 million, $0.06 per diluted share, in the prior quarter;Adjusted normalized EBITDA margin was $260 million or 34%, compared with $341 million or 42% in the prior quarter;Cash flows from operating activities were $238 million, up from $214 million in the prior quarter;In the fourth quarter, we acquired Ocean Rig in a cash and stock transaction val Show less Read more
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