Transocean Ltd. (RIG) Q4 2024 Earnings Call Transcript
Transocean Ltd. (NYSE:RIG ) Q4 2024 Earnings Conference Call February 18, 2025 9:00 AM ET Company Participants Alison Johnson - Director of Investor Relations Jeremy Thigpen - Chief Executive Officer Keelan Adamson - President and Chief Operating Officer Thaddeus Vayda - Executive Vice President and Chief Financial Officer Roddie Mackenzie - Executive Vice President and Chief Commercial Officer Conference Call Participants Eddie Kim - Barclays Kurt Hallead - Benchmark Fredrik Stene - Clarksons Securities Arun Jayaram - JPMorgan Greg Lewis - BTIG Josh Jain - Daniel Energy Partners Operator Good day, everyone, and welcome to today's Q4 2024 Transocean Earnings Call.
Transocean Secures $175M in New Contracts and Extensions
RIG expands contract backlog with key deals from Reliance, Equinor and Woodside, strengthening its global presence.
Transocean to Report Q4 Earnings: What's in the Offing for the Stock?
RIG is expected to report higher revenues from the year-ago period's level. Despite this revenue growth, it is expected to have faced increased costs and expenses.
3 Stocks to Gain From the Rising Demand in Offshore Drilling
President Trump's “Drill, baby, drill” initiatives may cause a demand spike for offshore drillers. Trump signed an executive order attempting to remove former President Biden's permanent offshore drilling ban over 625 million acres of federal waters.
Transocean: Q4 2024 Earnings Preview - Profitability In Reach, But Backlog Likely To Take A Hit
Leading offshore driller Transocean will report Q4 and full-year 2024 results next month. On the conference call, management will also provide an update to its 2025 outlook. Given the lack of new contract announcements in recent months, the company's backlog is likely to take a hit. Based on management's guidance for Q4 2024, profitability appears within reach. In addition, the company should generate a decent amount of cash.
Bull Case for Transocean Stock: 100% Upside Could Be Within Reach
There are many investors out in the market looking for the next best set of opportunities so that they can start 2025 off on a strong note, leaving them with the peace of mind and available capital to pursue some of the more aggressive plays in the market later on. Today, the dots will be connected between what Goldman Sachs analysts said in their 2025 macro outlook report and potentially the best play in the energy sector tracked by the Energy Select Sector SPDR Fund NYSEARCA: XLE.
Shareholders that lost money on Transocean Ltd.(RIG) Urged to Join Class Action - Contact Levi & Korsinsky to Learn More
NEW YORK, NY / ACCESSWIRE / January 15, 2025 / If you suffered a loss on your Transocean Ltd. (NYSE:RIG) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E.
Contact Levi & Korsinsky by February 24, 2025 Deadline to Join Class Action Against Transocean Ltd. (RIG)
NEW YORK, NY / ACCESSWIRE / January 15, 2025 / If you suffered a loss on your Transocean Ltd. (NYSE:RIG) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E.
RIG LAWSUIT ALERT: Levi & Korsinsky Notifies Transocean Ltd. Investors of a Class Action Lawsuit and Upcoming Deadline
NEW YORK, NY / ACCESSWIRE / January 15, 2025 / If you suffered a loss on your Transocean Ltd. (NYSE:RIG) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E.
ROSEN, SKILLED INVESTOR COUNSEL, Encourages Transocean Ltd. Investors to Secure Counsel Before Important Deadline in Securities Class Action - RIG
NEW YORK CITY, NY / ACCESSWIRE / January 15, 2025 / WHY: New York, N.Y., January 15, 2025.
Transocean Ltd. Class Action: Levi & Korsinsky Reminds Transocean Ltd.
NEW YORK, NY / ACCESSWIRE / January 15, 2025 / If you suffered a loss on your Transocean Ltd. (NYSE:RIG) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E.
Transocean Ltd Is Being Sued For Securities Law Violations And Impacted Investors Are Urged To Contact The Schall Law Firm
LOS ANGELES, CA / ACCESSWIRE / January 15, 2025 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Transocean Ltd. ("Transocean" or "the Company") (NYSE:RIG) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
