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Transocean (RIG) Soars With Record $1.37B EBITDA And Strategic Valaris Acquisition

By Maham Fatima | February 25, 2026, 6:19 AM

Transocean Ltd. (NYSE:RIG) is one of the best high volume stocks to invest in now. On February 20, Transocean reported strong financial performance for 2025, achieving a full-year adjusted EBITDA of $1.37 billion, which was a ~20% increase year-on-year. The company is currently undergoing a major strategic expansion following its definitive agreement to acquire Valaris, a move expected to generate over $200 million in cost synergies and result in a pro forma combined backlog of nearly $11 billion.

In addition to the merger, Transocean successfully removed $100 million in costs during 2025 and has set a target for an additional $150 million in reductions for 2026. Management emphasized that these efficiencies, combined with their global reach, will allow them to reposition assets from softer markets like the US Gulf to high-demand regions in Africa and Asia.

Transocean (RIG) Soars With Record $1.37B EBITDA And Strategic Valaris Acquisition
curraheeshutter/Shutterstock.com

While the outlook for late 2026 and 2027 remains positive due to rising exploration budgets and tendering activity, the company acknowledged several near-term headwinds. These include potential idle time for specific rigs, prolonged negotiations with Petrobras, and a slight moderation in current tendering activity. Transocean Ltd.’s (NYSE:RIG) Leadership still expressed confidence in the cyclical recovery of offshore drilling and noted that the increased number of rig years awarded recently signals a clear transition toward larger development projects.

Transocean Ltd. (NYSE:RIG), together with its subsidiaries, provides offshore contract drilling services for oil and gas wells in Switzerland and internationally.

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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