Transocean Ltd. (RIG) Reports Q2 2025 Results; Barclays Raises PT to $4.00

Transocean Ltd. (NYSE:RIG) is included in our list of the 10 Overlooked Energy Stocks to Buy Now.

Transocean Ltd. (RIG) Reports Q2 2025 Results; Barclays Raises PT to $4.00

On August 4, 2025, Transocean Ltd. (NYSE:RIG) reported its Q2 2025 results. The company reported $988 million in revenue, which beat the $969.61 million consensus. Top-line growth was driven by improved rig utilization, high operational reliability, and reduced operating costs. Accordingly, adjusted net income reached $19 million, while EBITDA margin and free cash flow reached 35% and $104 million, respectively. Furthermore, the company remains on track to cut its debt by over $700 million by the end of 2025. This bolsters the company’s financial health, especially after recording a GAAP net loss of $938 million during the quarter, driven by over $1 billion in impairment charges.

Following the earnings release, Barclays raised its price target on Transocean Ltd. (NYSE:RIG) from $3.50 to $4.00, maintaining an ‘Overweight’ rating. The investment firm cited higher day rate forecasts and growing confidence in an offshore drilling recovery in 2026-2027.

Transocean Ltd. (NYSE:RIG) delivers offshore contract drilling solutions to oil and gas wells globally. It is included in our list of the Overlooked Stocks.

While we acknowledge the potential of RIG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RIG and that has 100x upside potential, check out our report about this cheapest AI stock.

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