---
title: "Transocean Swings To Profit In Q1"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285159122.md"
description: "Transocean Ltd. (RIG) reported a profit in Q1, driven by increased contract drilling revenues and lower expenses. Operating income rose to $287 million from $64 million year-over-year, with net income at $71 million, reversing a $79 million loss. Earnings per share were $0.06, compared to a loss of $0.11 last year. Contract drilling revenues increased to $1.081 billion from $906 million. For Q2, revenues are expected between $930 million and $970 million, with full-year projections of $3.8 billion to $3.9 billion."
datetime: "2026-05-05T05:54:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285159122.md)
  - [en](https://longbridge.com/en/news/285159122.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285159122.md)
---

# Transocean Swings To Profit In Q1

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Transocean Ltd. (RIG) returned to profit in the first quarter, supported by higher contract drilling revenues and reduced expenses.

Operating income rose to $287 million from $64 million in the same period last year.

Net income came in at $71 million, reversing a loss of $79 million reported in the prior-year quarter. Earnings per share were $0.06, compared with a loss per share of $0.11 last year.

Excluding one-time items, the company posted a loss of $28 million or $0.03 per share.

Contract drilling revenues increased to $1.081 billion from $906 million year ago.

For the second quarter, the company expects Contract drilling revenues in the range of $930 million - $970 million.

For the full year, revenues are expected between $3.8 billion and $3.9 billion.

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