Transocean (RIG) Tax Provisions (2009 - 2026)
Transocean (RIG) posted quarterly Tax Provisions of -$54.0 million for Q1 2026, down 238.46% year-over-year from $39.0 million in Q1 2025, and down 132.14% quarter-over-quarter from $168.0 million in Q4 2025.
Transocean (RIG) Tax Provisions (2009 - 2026) Analysis & Trends
Transocean (RIG) has reported Tax Provisions for 18 consecutive years, with -$54.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Provisions fell 238.46% year-over-year to -$54.0 million; the TTM figure through Mar 2026 stood at -$15.0 million (down 105.75% YoY), while the FY2025 annual figure was $78.0 million, up 151.61% from the prior year.
- Tax Provisions fell to -$54.0 million in Q1 2026 per RIG's latest filing, from $168.0 million in the prior quarter.
- Across five years, Tax Provisions topped out at $168.0 million in Q4 2025 and bottomed at -$191.0 million in Q1 2024.
- Historically, Tax Provisions has averaged $6.4 million across 5 years, with a median of $3.0 million in 2022.
- Annual changes were most pronounced in 2023 — Tax Provisions sank 760.0% — and 2024, when it soared 3133.33%.
- Transocean's Tax Provisions stood at $35.0 million in 2022, then slumped by 91.43% to $3.0 million in 2023, then surged by 3133.33% to $97.0 million in 2024, then jumped by 73.2% to $168.0 million in 2025, then tumbled by 132.14% to -$54.0 million in 2026.
- Business Quant data shows RIG's Tax Provisions at -$54.0 million in Q1 2026, $168.0 million in Q4 2025, and $26.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.46 Bn | 7.01 Bn | 273.38 Mn | 16.29 Mn |
| 2 | Transocean | 6.71 Bn | 5.91 Bn | 358.00 Mn | 14.00 Mn |
| 3 | Patterson Uti Energy | 4.63 Bn | 4.43 Bn | 597.25 Mn | -8.65 Mn |
| 4 | Helmerich & Payne | 4.39 Bn | 4.16 Bn | 349.94 Mn | 72.40 Mn |
| 5 | Seadrill | 2.96 Bn | 2.60 Bn | 234.00 Mn | 12.00 Mn |
| 6 | Borr Drilling | 1.36 Bn | 1.14 Bn | - | 10.90 Mn |
| 7 | Nabors Industries | 1.30 Bn | 792.72 Mn | 309.38 Mn | 16.41 Mn |
| 8 | Precision Drilling | 1.15 Bn | 1.10 Bn | 89.29 Mn | 503,155.99 |
| 9 | Valaris | 886.35 Mn | 345.15 Mn | 123.70 Mn | 33.60 Mn |
| 10 | Sable Offshore | 777.33 Mn | 755.73 Mn | - | 26.98 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 14.00 Mn |
| Mar 31, 2026 | -54.00 Mn |
| Dec 31, 2025 | 168.00 Mn |
| Sep 30, 2025 | 26.00 Mn |
| Jun 30, 2025 | -155.00 Mn |
| Mar 31, 2025 | 39.00 Mn |
| Dec 31, 2024 | 97.00 Mn |
| Sep 30, 2024 | -31.00 Mn |
| Jun 30, 2024 | 156.00 Mn |
| Mar 31, 2024 | -191.00 Mn |
| Dec 31, 2023 | 3.00 Mn |
| Sep 30, 2023 | -43.00 Mn |
| Jun 30, 2023 | -16.00 Mn |
| Mar 31, 2023 | 51.00 Mn |
| Dec 31, 2022 | 35.00 Mn |
| Sep 30, 2022 | -5.00 Mn |
| Jun 30, 2022 | 3.00 Mn |
| Mar 31, 2022 | 26.00 Mn |
| Dec 31, 2021 | 111.00 Mn |
| Sep 30, 2021 | 27.00 Mn |