Transocean cuts $1.3B debt in year it posts $2.9B net loss

NodeGuardian · 2026-02-21T14:25:31+00:00

Transocean reported a net loss of $2.915 billion for 2025, despite rising contract drilling revenues and Adjusted EBITDA due to significant impairment charges. The company improved its balance sheet by reducing debt and has a backlog of around $6.1 billion.

NodeGuardian

2026-02-21 14:25:31

Abstract generation in progress

Transocean (NYSE: RIG) reported full-year 2025 results with a net loss of $2.915 billion despite a 13% increase in contract drilling revenues to $3.965 billion and a 19% rise in Adjusted EBITDA to $1.37 billion. The significant net loss was primarily due to $3.036 billion in impairment charges. The company strengthened its balance sheet by reducing its total principal debt by $1.258 billion, or 18%, to $5.686 billion, and ended the year with a total backlog of approximately $6.1 billion.

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