TransOcean stock inches higher after the Q2 report – Transocean (NYSE: RIG)

Transocean ltd. Rig released his second quarter results after the last bell on Monday. Here is a look at the details of the report.

Rig shares are trending after the hours on Monday. Check the last price here.

The details: Transocean reported a quarterly profit of zero cent per share that missed the consensus estimate of the profit of one cent per share.

The quarterly turnover came to $ 988 million, which estimated the estimate of the analyst consensus of $ 972.89 million and has risen from the turnover of $ 861 million from the same period last year.

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Transocean reported for the second quarter:

• Contract bore income for the quarter increased successively by $ 82 million to $ 988 million.
• The operational and maintenance costs were $ 599 million, compared to $ 618 million in the previous quarter.
• The interest charges were $ 141 million, compared to $ 152 million in the previous quarter.

“We reported a quarter of the safe, reliable and efficient activities, which resulted in an adapted EBITDA margin of 35% and a free cash of $ 104 million,” CEO said Kelan Adamson. “This result reflects a favorable income efficiency that is powered by high operational reliability.”

“We also continue to improve our balance and are on schedule to reduce our debt this year by more than $ 700 million, so that our shareholders are created in the long term,” Adamson added.

Rig Price promotion: According to data from PetrolTransocean shares rose by 1.78% at $ 2.86 in the extensive trade of Monday.

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