RIG · Transocean Ltd.

Track RIG — free

$5.76 +0.04 (+0.70%) At close · Aug 14

Market Cap

$6.37B

1.12B

Up next

Next earnings call

Nov 4, 2026 Est · unconfirmed · in 12 wks

FQ3-26 quarter ends

~Sep 30, 2026 Est

Latest filing: 10-Q

filed Aug 7, 2026

AI Brief

TL;DR.

Bullish

Bearish

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Ask ALVIS about this →

Equibles Rating

blended score · not investment advice

Overall

Sell

SellHoldBuy

Technical Buy Momentum Neutral Sentiment Very Bearish Fundamentals Weak Quant / Vol Very High

Market backdrop VIX 14.3 · calm Equity put/call 0.52

Technical

price trend

Buy

50 / 200-day cross Death cross

Price vs 200-day avg +6%

above

Price vs 50-day avg +7%

above

RSI (14) 62

neutral

MACD trend Positive

52-week position 62%

mid-range

Volume (OBV) Confirms

volume backs price

Momentum

relative strength

Neutral

1-month return +12%

trailing

6-month return −10%

trailing

YTD return +39%

this year

Relative strength −24%

vs S&P · 6-mo

Sentiment

smart money

Very Bearish

Trend (MA cross) Death cross

50d $5 › 200d $5 — 200d above 50d

Institutional flow Distributing

-3% holders QoQ · +75 funds added

Insider flow Distributing

Net -$435.7K over 90 days · 50% sells

Short interest Rising

22.78% of float · ▲ +4.9% MoM · 5.6 days cover

Volume signal Normal

Volume near normal

Institution breadth Steady

532 holders — mid 3-yr range

Squeeze score 73

high risk · 0–100

Fundamentals

Weak

Revenue growth −29%

Y/Y

EPS growth −300%

Y/Y

Free cash flow $626.0M

Balance sheet $7.6B

net debt

Quant / Vol

risk profile

Very High

Volatility 53%

annualized · 1-yr

Max drawdown −36%

past year

ATR 4.2%

of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

what management promised — and delivered

Latest guidance · from the 8-K filed Aug 5, 2026

3Q26E

Contract drilling revenues $920M – $960M

Revenue efficiency, fleet wide 96.5%

General and administrative $45M

Operating and maintenance expense $595M – $625M

Interest expense $113M

Interest income $5M – $10M

Capital expenditures $40M – $50M

Cash taxes $25M – $30M

FY26E

Contract drilling revenues $3.9B – $3.98B

Operating and maintenance expense $2.33B – $2.4B

Revenue efficiency, fleet wide 96.5%

Interest expense $475M

General and administrative $170M – $180M

Interest income $30M – $35M

Capital expenditures $150M

Cash taxes $55M – $60M

Total liquidity $1.25B – $1.35B

Prior guidance period ended · from the 8-K filed May 4, 2026

Contract drilling revenues · 2Q26E $930M – $970M

Operating and maintenance expense · 2Q26E $630M – $660M

General and administrative · 2Q26E $40M – $45M

Interest expense · 2Q26E $113M

Interest income · 2Q26E $5M – $10M

Capital expenditures · 2Q26E $30M – $40M

Cash taxes · 2Q26E $30M

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Buy

1 · 3 · 3

50 / 200-day cross

Death cross Bearish

Price vs 200-day avg

+6% Bullish

Price vs 50-day avg

+7% Bullish

RSI (14)

62 Neutral

MACD trend

Positive Bullish

52-week position

62% Neutral

Volume (OBV)

Confirms Neutral

Market signals — smart money & positioning

Bearish · 4 of 6

Trend (MA cross) Death cross

50d $5 › 200d $5 — 200d above 50d

Institutional flow Distributing

-3% holders QoQ · +75 funds added

Insider flow Distributing

Net -$435.7K over 90 days · 50% sells

Short interest Rising

22.78% of float · ▲ +4.9% MoM · 5.6 days cover

Volume signal Normal

Volume near normal

Institution breadth Steady

532 holders — mid 3-yr range

Price context

position in its 52-week range

Range low $3 Now $6 · 62% Range high $8

vs 200-day avg +6% vs 50-day avg +7% 50-day below 200-day death cross

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings

Metric	Latest	Period	YoY
Adjusted EBITDA non-GAAP	$312M	Three months ended June 30, 2026	—

GAAP → non-GAAP reconciliation GAAP EBITDA $300M +$12M Acquisition and restructuring costs +$0M Gain on disposal of assets, net +$0M Loss on retirement of debt = Adjusted EBITDA $312M
Adjusted EBITDA margin non-GAAP	32.2%	Three months ended June 30, 2026	—

Free cash flow non-GAAP	$212M	Three months ended June 30, 2026	—

GAAP → non-GAAP reconciliation GAAP Net cash provided by operating activities $236M -$24M Capital expenditures = Free Cash Flow $212M
Harsh environment floaters revenue efficiency	99.5%	Three months ended June 30, 2026	—

Harsh environment floaters utilization	94.2%	Three months ended June 30, 2026	—

Total backlog	$6.7B	As of August 5, 2026	—
Total fleet average rig utilization	78.2%	Three months ended June 30, 2026	—

Ultra-deepwater floaters revenue efficiency	95.7%	Three months ended June 30, 2026	—

Ultra-deepwater floaters utilization	72.6%	Three months ended June 30, 2026	—

Incremental backlog added since February 2026 Fleet Status Report	$1.6B	Since the February 2026 Fleet Status Report	—
Contract backlog added	$839M	Full Year 2025	—
Revenue efficiency	96.5%	Full Year 2025	—
Total fleet average revenue efficiency	96.2%	4Q25	—

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Oil & Gas Drilling — same industry group

Open screener →

Company	Mkt cap	YTD	Rev growth Y/Y	P/E	Short % shares
RIG Transocean Ltd. this stock	$6.37B	+39.5%	-28.6%	—	22.8%
NE Noble Corp plc	$7.20B	+59.7%	+7.4%	48.5	9.4%
VAL Valaris Ltd	$5.92B	+69.9%	+0.3%	6.4	8.4%
HP Helmerich & Payne, Inc.	$4.42B	+54.1%	+35.9%	—	8.4%
PTEN Patterson Uti Energy Inc	$4.20B	+86.1%	-10.3%	—	7.9%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section

Ownership

Institutional Holders Accumulating

Holders

532

% held: 95.6%
Net QoQ: +87.4M sh
Top holder: BlackRock, Inc.

Held Float

View

Held by Funds

Fund positions

120

View

Short & Settlement

Short Interest Rising

Shares short

254.4M

Days to cover: 5.6d
Change: +11.9M sh

View

Short Volume

Short vol %

50%

As of: Aug 14, 2026

Short Total

View

Fails to Deliver

FTD shares

485.3K

Value: $2.6M
As of: Jul 14, 2026

View

Off-Exchange

Off-exchange %

64.7%

Week of: Jul 6, 2026

Off-exch Lit

View

Smart Money

Insider Trades Net selling

Net (90d)

-$435.7K

Buyers / Sellers: 1 / 1

Buyers Sellers

View

Financials

Revenue (FY)

$4.0B

Net income (FY): $-2.9B
EPS diluted: $-3.04

View

Buybacks

Authorized

CHF 3.5B

Remaining: CHF 3.2B

Spent Remaining

View

Filings

SEC Filings

Latest

10-Q

Filed: Aug 7, 2026
This year: 20

View

Proposed Sales

Value

$609.2K

Shares: 81.7K
Filed: May 21, 2026

View

Earnings & Events

Earnings Calls

Last call

Aug 6, 2026

View

Investor Relations

Performance

	5D	20D	120D	MTD	YTD
RIG	+9.5%	+12.1%	-9.9%	+8.3%	+39.5%
SPY	+0.4%	+4.5%	+13.8%	+3.9%	+13.9%
vs SPY	+9.1%	+7.6%	-23.6%	+4.4%	+25.6%

Capital returns

Buyback program · as of Jun 30, 2026

Authorized

CHF 3.50B

Spent (derived)

CHF 260.00M

Remaining

CHF 3.24B

Spent Remaining

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 1451505 CUSIP H8817H100 13F (30d) 508 filings 492 filers Visit website Investor relations

RIG · Transocean Ltd.

Price & Indicators

Up next

AI Brief

Equibles Rating

Guidance & track record

Technicals

Key metrics

Versus peers

At a glance

Performance

Capital returns