RIG Q1 2024 Earnings — Transocean Ltd. Revenue & Financial Results | Market Cap Arena

RIGTransocean Ltd.

$6B

Q1 2024 Earnings

Energy Oil & Gas Drilling

Income Statement

Revenue

$763M+17.6% YoY

Gross Profit

$240M31.5% margin

Operating Income

-$3M-0.4% margin

Net Income

$98M12.8% margin

EPS (Diluted)

$0.11

QoQ Revenue Growth

+3.0%

Cash Flow

Operating Cash Flow

-$86M

Free Cash Flow

-$169M

Stock-Based Comp.

$11M

Balance Sheet

Total Assets

$19.9B

Total Liabilities

$9.4B

Stockholders' Equity

$10.5B

Cash & Equivalents

$716M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$763M	$649M	+17.6%
Gross Profit	$240M	$240M	+0.0%
Operating Income	-$3M	-$157M	+98.1%
Net Income	$98M	-$465M	+121.1%

Geographic Segments

U.S.

$370M48%

Brazil

$155M20%

Norway

$151M20%

Other Countries

$87M11%