Transocean adds $2 billion of backlog as Q3 drilling revenue trails prior year

Q3 contract-drilling revenue was $937 million, versus $1.028 billion a year earlier. GAAP net income was $26 million, or $0.02 per diluted share; adjusted EBITDA was $313 million.

It added $2.0 billion of backlog, taking total backlog to about $8.0 billion. Backlog is contracted future work, not current revenue.

References to a Valaris close and $200 million of annual synergies are conditional forward-looking statements.

Read the official primary record. Sources checked 2026-11-03T09:36:05.655Z.

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Recorded source observation: 3 Nov 2026, 15:06:05 IST. This is a source-check timestamp, not a market quote or a new article update.