Transocean Shares Drop 3.2% with $4.3 Billion Debt Set Against $6.7 Billion Backlog
NEW YORK, September 3, 2026, 16:45 — Transocean stock dropped 3.2% after the offshore drilling company reported it faces $4.3 billion in debt maturities, even as its contract backlog stands at $6.7 billion.
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RIG slipped through the session
NYSE price, dollars per share. As of .
Source: Yahoo Finance. Thirty-minute intervals; latest after-hours quote shown.
Offshore drillers fell against the broad market
September 3 regular-session change, percent.
Source: Yahoo Finance closing data, 16:00 EDT. Percentages rounded.
The backlog is large; the debt test is larger
Contract backlog$6.70bnAugust 5, excluding conditional Equinor work
Equity value$6.72bnSeptember 3 close
Net debt$4.31bnJune 30; 2.8× trailing adjusted EBITDA
Quarterly free cash flow$212mSecond quarter 2026
Sources: Transocean, SEC and Yahoo Finance.
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