Will RIG’s $1.6B Backlog Surge Disarm Short Sellers on Nov. 2? Here’s What to Watch
Transocean (RIG) reports Q3 earnings on Nov. 2, with shares up 21.38% in the past month. The company added $1.6B in backlog in October, with revenue guidance of $920M-$960M. Analysts expect a YoY dip in EPS and revenue. Key focuses include fleet utilization, dayrates, and the Valaris deal. Free cash flow was $212M in Q2, and net debt was $4.312B.



