Filing Flows › Transocean (RIG) › Q3 2026
Transocean (RIG) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Transocean (RIG) reported revenue of $937M for the third quarter 2026 (Q3 2026), -9% from a year earlier and -3% from the quarter before. Operating margin was 15.3%, net earnings $26.0M (2.8% of revenue).
Transocean, Q3 2026: revenue $937M (-9% year over year), operating margin 15.3%, net earnings $26.0M, operating cash flow $174M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $937M | -3% | -9% |
| Operating profit | $143M | -6% | — |
| Net earnings | $26.0M | -85% | — |
| Operating cash flow | $174M | -26% | -29% |
| Free cash flow | $131M | — | — |
What changed
Revenue was $937.0M in Q3 2026, down 9% year over year and down 3% from the previous quarter. Ultra-deepwater floaters was the largest line at 63% of revenue. Ultra-deepwater floaters lost $106.0M year over year (down 15%), 116% of the total change.
Operating profit was $143.0M, a 15.3% margin (up 178.4 points year over year). Total costs fell 71% while revenue fell 9%. The fastest-growing cost line was General & admin (+35%). Net earnings were $26.0M.
Operating cash flow was $174.0M (down 29% year over year), 669% of net earnings. Non-cash charges added back $146.0M of depreciation and amortization and $12.0M of share-based compensation. Working capital and other items used $10.0M. After capital expenditures ($43.0M), free cash flow as the company reports it was $131.0M.
Questions
What was Transocean's revenue in the third quarter 2026?
Transocean (RIG) reported revenue of $937M for the third quarter 2026 (Q3 2026), -9% from a year earlier and -3% from the quarter before.
Was Transocean profitable in the third quarter 2026?
Operating profit was $143M (15.3% of revenue) and net earnings $26.0M.
Source: Transocean 10-Q on SEC EDGAR.