Transocean Ltd. will announce 2024 earnings on February 17, 2025, with a teleconference on February 18.
Quiver AI Summary
Transocean Ltd. announced that it will release its earnings for the fourth quarter and full year 2024 on February 17, 2025. A teleconference to discuss the results will take place on February 18, 2025, at 9 a.m. EST, during which participants can call in or listen online. A replay of the call will be available later that day and archived for about 30 days. Transocean is a prominent provider of offshore contract drilling services, focusing on ultra-deepwater and harsh environment drilling with a fleet of 34 mobile offshore drilling units. For further details, interested parties can visit the company's website.
Potential Positives
- Transocean will report its earnings for Q4 and full year 2024, indicating transparency and accountability to stakeholders.
- The scheduled teleconference allows for direct engagement with investors, enhancing investor relations and communication.
- The company showcases its leadership in offshore contract drilling services, with a focus on ultra-deepwater and harsh environment drilling, reinforcing its competitive position in the industry.
- Transocean's significant fleet of mobile offshore drilling units demonstrates its capability and presence in a technically demanding sector, which may attract further investment interest.
Potential Negatives
- Failure to address previous financial performance or challenges could lead to uncertainty among investors regarding future earnings.
- The announcement does not include any forward-looking guidance, raising concerns about the company's growth and strategy in a competitive market.
- Increased focus on upcoming earnings may indicate past performance issues that are being remedied, which may raise red flags for stakeholders.
FAQ
When will Transocean report its earnings for Q4 2024?
Transocean will report its earnings on Monday, February 17, 2025.
What time is the earnings teleconference for Transocean?
The teleconference will start at 9 a.m. EST on Tuesday, February 18, 2025.
How can I participate in the earnings teleconference?
To participate, dial +1 785-424-1116 about 15 minutes before the start and use conference code 540196.
Where can I find the replay of Transocean's earnings call?
The replay will be available after 12 p.m. EST on February 18, 2025, at +1 402-220-1152 with passcode 540196.
What is Transocean's core business focus?
Transocean specializes in offshore contract drilling services, particularly in ultra-deepwater and harsh environment sectors.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$RIG Insider Trading Activity
$RIG insiders have traded $RIG stock on the open market 10 times in the past 6 months. Of those trades, 6 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $RIG stock by insiders over the last 6 months:
- PERESTROIKA has made 2 purchases buying 3,500,000 shares for an estimated $16,655,000 and 0 sales.
- FREDERIK WILHELM MOHN has made 2 purchases buying 3,500,000 shares for an estimated $16,655,000 and 0 sales.
- (CYPRUS) LTD PERESTROIKA has made 2 purchases buying 3,500,000 shares for an estimated $16,655,000 and 0 sales.
- RODERICK JAMES MACKENZIE (EVP, Chief Commercial Officer) has made 0 purchases and 4 sales selling 101,261 shares for an estimated $425,003.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$RIG Hedge Fund Activity
We have seen 187 institutional investors add shares of $RIG stock to their portfolio, and 183 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PILGRIM GLOBAL ADVISORS LLC added 18,229,024 shares (+inf%) to their portfolio in Q3 2024, for an estimated $77,473,352
- SLATE PATH CAPITAL LP removed 8,983,995 shares (-29.0%) from their portfolio in Q3 2024, for an estimated $38,181,978
- NEUBERGER BERMAN GROUP LLC removed 6,475,414 shares (-52.0%) from their portfolio in Q3 2024, for an estimated $27,520,509
- BLACKROCK, INC. added 5,653,309 shares (+8.7%) to their portfolio in Q3 2024, for an estimated $24,026,563
- MORGAN STANLEY removed 5,377,654 shares (-22.7%) from their portfolio in Q3 2024, for an estimated $22,855,029
- BANK OF NEW YORK MELLON CORP removed 5,084,917 shares (-30.2%) from their portfolio in Q3 2024, for an estimated $21,610,897
- VANGUARD GROUP INC added 4,757,078 shares (+6.5%) to their portfolio in Q3 2024, for an estimated $20,217,581
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
STEINHAUSEN, Switzerland, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the fourth quarter and full year 2024 on Monday, February 17, 2025.
The company will conduct a teleconference to discuss the results starting at 9 a.m. EST, 3 p.m. CET, on Tuesday, February 18, 2025. Individuals who wish to participate should dial +1 785-424-1116 approximately 15 minutes prior to the scheduled start time and refer to conference code 540196.
The teleconference will be simulcast in a listen-only mode at: www.deepwater.com , by selecting Investors, News, and Webcasts. A replay of the conference call will be available after 12 p.m. EST, 6 p.m. CET, on February 18, 2025. The replay, which will be archived for approximately 30 days, can be accessed at +1 402-220-1152, passcode 540196. The replay also will be available on the company's website.
About Transocean
Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on ultra-deepwater and harsh environment drilling services and operates the highest specification floating offshore drilling fleet in the world.
Transocean owns or has partial ownership interests in and operates a fleet of 34 mobile offshore drilling units, consisting of 26 ultra-deepwater floaters and eight harsh environment floaters.
For more information about Transocean, please visit: www.deepwater.com .
Analyst Contact:
Alison Johnson
+1 713-232-7214
Media Contact:
Pam Easton
+1 713-232-7647
