Transocean ltd. reports fourth quarter and full year 2024 results

Three months ended         three months ended         december 31,    september 30,      sequential   december 31,       year-over-year   2024   2024   change   2023   change (in millions, except per share amounts, percentages and backlog)                             contract drilling revenues $ 952     $ 948     $ 4     $ 741     $ 211   adjusted contract drilling revenues $ 952     $ 948     $ 4     $ 748     $ 204   revenue efficiency (1)   93.5 %     94.5 %           97.0 %       operating and maintenance expense $ 579     $ 563     $ (16 )   $ 569     $ (10 ) net income (loss) attributable to controlling interest $ 7     $ (494 )   $ 501     $ (104 )   $ 111   basic earnings (loss) per share $ 0.01     $ (0.56 )   $ 0.57     $ (0.13 )   $ 0.14   diluted loss per share $ (0.11 )   $ (0.58 )   $ 0.47     $ (0.13 )   $ 0.02                                 adjusted ebitda $ 323     $ 342     $ (19 )   $ 122     $ 201   adjusted ebitda margin   33.9 %     36.0 %           16.3 %       adjusted net income (loss) $ 27     $ 64     $ (37 )   $ (74 )   $ 101   adjusted diluted earnings (loss) per share $ (0.09 )   $ —     $ (0.09 )   $ (0.09 )   $ —                                                               backlog as of the february 2025 fleet status report $ 8.3 billion                                                     steinhausen, switzerland, feb. 17, 2025 (globe newswire) -- transocean ltd. (nyse: rig) today reported net income attributable to controlling interest of $7 million, or loss of $0.11 per diluted share, for the three months ended december 31, 2024.
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