RIG Q2 2024 Earnings — Transocean Ltd. Revenue & Financial Results | Market Cap Arena

RIGTransocean Ltd.

$6B

Q2 2024 Earnings

Energy Oil & Gas Drilling

Income Statement

Revenue

$861M+18.1% YoY

Gross Profit

$327M38.0% margin

Operating Income

-$59M-6.9% margin

Net Income

-$123M-14.3% margin

EPS (Diluted)

$-0.15

QoQ Revenue Growth

+12.8%

Cash Flow

Operating Cash Flow

$133M

Free Cash Flow

$49M

Stock-Based Comp.

$15M

Balance Sheet

Total Assets

$20.3B

Total Liabilities

$9.6B

Stockholders' Equity

$10.7B

Cash & Equivalents

$875M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$861M	$729M	+18.1%
Gross Profit	$327M	$245M	+33.5%
Operating Income	-$59M	-$42M	-40.5%
Net Income	-$123M	-$165M	+25.5%

Geographic Segments

U.S.

$406M47%

Norway

$163M19%

Brazil

$150M17%

Other Countries

$142M16%