Transocean Releases Quarterly Fleet Status Report; Reports Total Backlog Of $8.8B As Of July 24
Portfolio Pulse from Benzinga Newsdesk
Transocean has released its quarterly fleet status report, revealing a total backlog of $8.8 billion as of July 24, 2024. The aggregate incremental backlog associated with new fixtures is approximately $656 million.
July 24, 2024 | 9:30 pm
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Transocean's quarterly fleet status report indicates a strong total backlog of $8.8 billion, with $656 million in new fixtures. This suggests robust future revenue streams.
The reported backlog of $8.8 billion and the additional $656 million in new fixtures indicate strong future revenue potential for Transocean. This is likely to positively impact the stock price in the short term as it reflects the company's ability to secure contracts and generate income.
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