Jun 2026 (Q2 FY26) — Aug 6, 2026
Transocean Q2 FY26 — Strong Operational Performance and Backlog Growth
Read the full callTransocean (RIG) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Transocean earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 966 | −2.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 15.7 | +113.3 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 170 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
$5.51 −1.25% · −$0.07
Performance +76.6% 1Y
1Y: $3.12 on 14 Oct 2025 → $5.51. High $7.58 (18 May 2026), low $3.12 (14 Oct 2025).
- Previous close
- $5.58
- 52-week range
- $3.12 – $7.58
- One year
- +66.47%
Overview
- Symbol
- RIG
- Sector
- Energy
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
Transocean earnings calls (RIG)
Financials
What the filings say
Net profit, year on year: +118% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 948 | 952 | 906 | 988 | 1,028 | 1,043 | 1,081 | 966 |
| Expenses | 800 | 815 | 844 | 823 | 791 | 802 | 798 | 812 |
| Operating profit | -485 | 130 | 64 | -964 | -1,677 | 240 | 287 | 152 |
| Operating margin | −51.2% | 13.7% | 7.1% | −97.6% | −163.1% | 23.0% | 26.6% | 15.7% |
| Other income | -40 | -68 | -104 | -129 | -220 | -158 | -270 | 32 |
| Interest | 80 | 91 | 116 | 112 | 154 | 173 | 276 | -20 |
| Profit before tax | -525 | 62 | -40 | -1,093 | -1,897 | 82 | 17 | 184 |
| Tax rate | 5.9% | 88.7% | −97.5% | 14.2% | −1.4% | 69.5% | −317.6% | 7.6% |
| Net profit | -494 | 7 | -79 | -938 | -1,923 | 25 | 71 | 170 |
| EPS ($ per share) | -0.56 | — | -0.09 | -1.06 | -2 | — | 0.06 | 0.15 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 59 | 59 | 60 | 64 | 71 | 81 | 87 | 110 |
| Reserves | -67 | -1,297 | -1,866 | -2,458 | -3,079 | -4,033 | -4,545 | -7,460 |
| Total liabilities | 12,551 | 12,238 | 10,369 | 9,475 | 9,644 | 9,838 | 9,086 | 7,534 |
| Fixed assets | 20,408 | 18,847 | 17,667 | 17,098 | 17,469 | 16,941 | 15,831 | 12,577 |
| Total assets | 25,665 | 24,105 | 21,804 | 20,681 | 20,436 | 20,254 | 19,371 | 15,642 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 558 | 340 | 398 | 575 | 448 | 164 | 447 | 749 |
| Cash from investing | -797 | -268 | -257 | -233 | -757 | -423 | -151 | -33 |
| Cash from financing | -147 | -312 | -930 | -490 | -112 | 263 | -350 | -660 |
| Net cash flow | -386 | -240 | -789 | -148 | -421 | 4 | -54 | 56 |
| Capital expenditure | -184 | -387 | -265 | -208 | -717 | -427 | -254 | -123 |
| Free cash flow | 374 | -47 | 133 | 367 | -269 | -263 | 193 | 626 |
RIG revenue by segment
Harsh Environment Floaters grew from 30% to 36% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Ultra Deepwater Floaters | 70% | 71% | 73% | 71% | 68% | 69% | 69% | 64% | -10.9% |
| Harsh Environment Floaters | 30% | 29% | 27% | 29% | 32% | 31% | 31% | 36% | +18.7% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q2 FY2026 · share of revenue
- US 36% ↓ 6 pt
- NO 18%
- Other Geographical 18% ↓ 1 pt
- BR 17% ↓ 4 pt
- AU 11%
As RIG cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
64 filings between Oct 24, 2025 and Jul 2, 2026.
Open market
decisions to buy or sellPurchases
$18.26M
4 purchases by 4 insiders
Sales
$5.60M
14 sales by 5 insiders
57% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 30
- Option exercise — converted options into shares
- 16
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Perestroika | $6.03M | — | Nov 24, 2025 |
| Mohn Frederik Wilhelm | $6.03M | — | Nov 24, 2025 |
| Perestroika (Cyprus) Ltd | $6.03M | — | Nov 24, 2025 |
| THIGPEN JEREMY D | — | $2.16M | Nov 26, 2025 |
| Long Brady K | — | $1.57M | May 21, 2026 |
| Adamson Keelan | — | $870.4K | Jan 27, 2026 |
| Mackenzie Roderick James | — | $862.8K | Mar 4, 2026 |
| DEATON CHAD C | $173.3K | — | Jul 2, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Jul 2, 2026 | DEATON CHAD C Director | Purchase | 35,000 | $173.3K |
| May 26, 2026 | DEATON CHAD C Director | Tax withheld | 20,932 | $140.2K |
| May 26, 2026 | Mohn Frederik Wilhelm Director | Tax withheld | 25,597 | $171.5K |
| May 26, 2026 | Lacey William F. Director | Tax withheld | 20,934 | $140.3K |
| May 22, 2026 | Lacey William F. Director | Option exercise | 82,353 | $560.8K |
| May 22, 2026 | Mohn Frederik Wilhelm Director | Option exercise | 82,353 | $560.8K |
| May 22, 2026 | DEATON CHAD C Director | Option exercise | 82,353 | $560.8K |
| May 21, 2026 | Long Brady K EVP & Chief Legal Officer | Sale | 81,741 | $609.0K |
| May 4, 2026 | Adamson Keelan PRESIDENT AND CEO | Tax withheld | 71,556 | $488.0K |
| May 1, 2026 | Adamson Keelan PRESIDENT AND CEO | Option exercise | 180,931 | $0 |
| Mar 4, 2026 | Mackenzie Roderick James EVP, Chief Commercial Officer | Sale | 78,370 | $498.4K |
| Mar 3, 2026 | Adamson Keelan PRESIDENT AND CEO | Tax withheld | 127,878 | $782.6K |
| Mar 3, 2026 | Long Brady K EVP & Chief Legal Officer | Tax withheld | 87,689 | $536.7K |
| Mar 3, 2026 | Vayda Robert Thaddeus EVP, Chief Financial Officer | Tax withheld | 62,970 | $385.4K |
| Mar 3, 2026 | THIGPEN JEREMY D Executive Chair | Tax withheld | 245,556 | $1.50M |
| Mar 3, 2026 | Pack Jason SVP, Chief Accounting Officer | Tax withheld | 27,962 | $171.1K |
| Mar 3, 2026 | Mackenzie Roderick James EVP, Chief Commercial Officer | Tax withheld | 62,886 | $384.9K |
| Mar 1, 2026 | Pack Jason SVP, Chief Accounting Officer | Option exercise | 19,210 | $120.1K |
| Mar 1, 2026 | Vayda Robert Thaddeus EVP, Chief Financial Officer | Option exercise | 93,964 | $587.3K |
| Mar 1, 2026 | THIGPEN JEREMY D Executive Chair | Option exercise | 171,821 | $1.07M |
| Mar 1, 2026 | Vayda Robert Thaddeus EVP, Chief Financial Officer | Option exercise | 22,837 | $142.7K |
| Mar 1, 2026 | THIGPEN JEREMY D Executive Chair | Option exercise | 245,640 | $1.54M |
| Mar 1, 2026 | Vayda Robert Thaddeus EVP, Chief Financial Officer | Option exercise | 17,991 | $112.4K |
| Mar 1, 2026 | Adamson Keelan PRESIDENT AND CEO | Option exercise | 146,048 | $912.8K |
| Mar 1, 2026 | Long Brady K EVP & Chief Legal Officer | Option exercise | 98,406 | $615.0K |
| Mar 1, 2026 | Vayda Robert Thaddeus EVP, Chief Financial Officer | Option exercise | 21,880 | $136.8K |
| Mar 1, 2026 | Adamson Keelan PRESIDENT AND CEO | Option exercise | 104,397 | $652.5K |
| Mar 1, 2026 | Pack Jason SVP, Chief Accounting Officer | Option exercise | 15,134 | $94.6K |
| Mar 1, 2026 | Adamson Keelan PRESIDENT AND CEO | Option exercise | 67,731 | $423.3K |
| Mar 1, 2026 | Pack Jason SVP, Chief Accounting Officer | Option exercise | 2,901 | $18.1K |
| Mar 1, 2026 | Long Brady K EVP & Chief Legal Officer | Option exercise | 66,993 | $418.7K |
| Mar 1, 2026 | Mackenzie Roderick James EVP, Chief Commercial Officer | Option exercise | 70,876 | $443.0K |
| Mar 1, 2026 | Long Brady K EVP & Chief Legal Officer | Option exercise | 52,778 | $329.9K |
| Mar 1, 2026 | Mackenzie Roderick James EVP, Chief Commercial Officer | Option exercise | 50,663 | $316.6K |
| Mar 1, 2026 | Mackenzie Roderick James EVP, Chief Commercial Officer | Option exercise | 34,924 | $218.3K |
| Mar 1, 2026 | Pack Jason SVP, Chief Accounting Officer | Option exercise | 32,324 | $202.0K |
| Mar 1, 2026 | THIGPEN JEREMY D Executive Chair | Option exercise | 193,518 | $1.21M |
| Feb 6, 2026 | Mackenzie Roderick James EVP, Chief Commercial Officer | Tax withheld | 26,665 | $133.1K |
| Feb 6, 2026 | Pack Jason SVP, Chief Accounting Officer | Tax withheld | 11,557 | $57.7K |
| Feb 6, 2026 | Vayda Robert Thaddeus EVP, Chief Financial Officer | Tax withheld | 10,947 | $54.6K |
| Feb 6, 2026 | Adamson Keelan PRESIDENT AND CEO | Tax withheld | 51,709 | $258.0K |
| Feb 6, 2026 | Long Brady K EVP & Chief Legal Officer | Tax withheld | 40,294 | $201.1K |
| Feb 6, 2026 | THIGPEN JEREMY D Executive Chair | Tax withheld | 147,729 | $737.2K |
| Feb 5, 2026 | Mackenzie Roderick James EVP, Chief Commercial Officer | Option exercise | 67,411 | $0 |
| Feb 5, 2026 | THIGPEN JEREMY D Executive Chair | Option exercise | 373,534 | $0 |
| Feb 5, 2026 | Pack Jason SVP, Chief Accounting Officer | Option exercise | 29,211 | $0 |
| Feb 5, 2026 | Vayda Robert Thaddeus EVP, Chief Financial Officer | Option exercise | 34,726 | $0 |
| Feb 5, 2026 | Adamson Keelan PRESIDENT AND CEO | Option exercise | 130,738 | $0 |
| Feb 5, 2026 | Long Brady K EVP & Chief Legal Officer | Option exercise | 101,873 | $0 |
| Jan 27, 2026 | Long Brady K EVP & Chief Legal Officer | Sale 10b5-1 plan | 99,293 | $496.5K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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