Earnings Call Summary | Transocean(RIG.US) Q1 2024 Earnings Conference
Earnings Call Summary | Transocean(RIG.US) Q1 2024 Earnings Conference
The following is a summary of the Transocean Ltd. (RIG) Q1 2024 Earnings Call Transcript:
以下是越洋有限公司（RIG）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Transocean reported Q1 adjusted EBITDA of $199 million on $767 million of adjusted contract drilling revenues, resulting in an approximate 26% EBITDA margin.
Adjusted contract drilling revenue for Q2 2024 is projected to be around $866 million due to increased activity and improved revenue efficiency.
Q2 O&M expense is expected to be around $570 million, primarily due to increased activity of four rigs and an increase in in-source maintenance costs.
The company finalized a $1.8 billion refinancing transaction, which has helped in restructuring its unsecured debt maturity profile, simplifying its capital structure, and enhancing financial flexibility.
越洋報告稱，調整後的合同鑽探收入爲7.67億美元，第一季度調整後的息稅折舊攤銷前利潤爲1.99億美元，息稅折舊攤銷前利潤率約爲26％。
由於活動增加和收入效率的提高，2024年第二季度調整後的合同鑽探收入預計約爲8.66億美元。
第二季度運維支出預計約爲5.7億美元，這主要是由於四臺鑽機的活動增加以及源內維護成本的增加。
該公司完成了18億美元的再融資交易，這有助於重組其無抵押債務到期日狀況，簡化其資本結構，提高財務靈活性。
Business Progress:
業務進展：
Demand for high-specification ultra-deepwater drillships and harsh environment semisubmersibles is robust, backed by improving day rates and longer contract terms.
A 365-day contract extension for the Deepwater Asgard has been confirmed for the US Gulf of Mexico region to start in June 2024.
The Deepwater Atlas has secured a contract for an additional four wells at a day rate of $505,000.
TotalEnergies has exercised an option on the Deepwater Skyros at $400,000 per day with a forecast of additional contract awards at increasing rates.
Transocean is focusing strategically on opportunities yielding high rates even for their 60-rig fleets, placing rig assets on contracts with strategic importance beyond mere dollar value.
The company observes a shift in customer preferences towards versatile drillships over semi rigs due to their offer of space and size redundancies.
Some programs starting in 2025 are showing interest in semis for areas requiring dynamically positioned rigs.
There's an operational strategy for better calendar scheduling of rigs that have downtime between contracts, with current market conditions encouraging longer-term contracts.
對高規格超深水鑽探船和惡劣環境半潛船的需求強勁，這得益於日費率的提高和合同期的延長。
美國墨西哥灣地區阿斯加德深水號的365天合同已確認延期，將於2024年6月開始。
深水地圖集已經簽訂了另外四口油井的合同，日費爲50.5萬美元。
TotalEnergies已以每天40萬美元的價格行使了Deepwater Skyros的期權，預計還將以更高的利率授予更多合同。
Transocean在戰略上將重點放在即使是其60臺鑽機機隊也能產生高利率的機會上，將鑽機資產置於具有戰略重要性的合同上，而不僅僅是美元價值。
該公司觀察到，由於多功能鑽井船提供了空間和尺寸的冗餘，客戶的偏好正在轉向多功能鑽探船而不是半鑽機。
從 2025 年開始的一些項目對需要動態定位鑽機的區域的半導體項目表現出興趣。
有一項運營策略可以改善合同之間存在停機的鑽機的日程安排，而當前的市場狀況則鼓勵簽訂長期合同。
More details: Transocean IR
更多詳情： 越洋紅外
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。