SEADRILL Ltd (SDRL) Seadrill Limited, a global entity, is dedicated to delivering contract drilling services for the offshore oil and gas sector. The company utilizes a diverse fleet of sophisticated equipment, including drillships, semi-submersible rigs, and jack-up rigs, which are capable of operating in a wide array of challenging conditions—from shallow to ultra-deep waters, and within both benign and harsh environments. These operations are strategically divided into three key segments: Harsh Environment, Floaters, and Jack-up Rigs. Beyond its core drilling activities, Seadrill also extends its expertise by offering operational support and management services to external parties, including both affiliated and independent companies. As of April 8, 2022, the firm's robust fleet comprised 21 offshore drilling units, specifically consisting of two harsh-environment rigs, two benign-environment semi-submersible rigs, six drillships, and eleven jack-up rigs. Its client base is extensive, serving major international oil companies, state-owned national oil enterprises, and various independent oil and gas producers. Seadrill Limited was founded in 2005 and is based in London, United Kingdom.
Sector: Drilling Oil & Gas Wells
Industry: Oil & Gas Drilling
Seadrill Limited NYSE:SDRL Energy · Oil & Gas Drilling
Pre Pre-market $43.95 Close $42.20 0.00% AH $42.20 Now $43.95
Close $42.20 +2.63% AH $42.20 +4.15% since
Press Release ● Major ⚠ 2
Seadrill Announces Third Quarter 2026 Results
Seadrill reported Q3 2026 revenue of $428 million, up 18% year-over-year but down from $449 million sequentially, with a net loss of $30 million including a legal provision and Adjusted EBITDA of $121 million versus $144 million in Q2.
Cash generation was strong: $195 million of operating cash flow and $179 million of free cash flow, and the company repurchased roughly $22 million of shares in the quarter.
The company raised and narrowed FY2026 guidance, increasing revenue to $1.56-$1.58 billion and Adjusted EBITDA to $440-$460 million, and secured roughly $800 million in new contract awards including a $420 million West Carina deal in Indonesia.
Backlog stands at approximately $3.3 billion with over 85% of available drillship days contracted for 2027; net debt ended the quarter at $244 million.
• 5d ago AI analysis › Press Release
Seadrill Announces Contract Awards and Extensions in Indonesia, Malaysia, Angola, and the U.S. Gulf
Seadrill won a West Carina contract in Indonesia worth approximately $420 million for the firm term, with 880 days firm plus priced options for another 880 days, commencing in the first half of 2027.
In Malaysia, the West Capella had all remaining priced options exercised, adding about $41 million and 120 days, with unpriced options adding roughly $53 million more, keeping the rig working through February 2028. In Angola, the 50:50 Sonadrill joint venture extended the Sonangol Libongos about three years through January 2030, and the Sevan Louisiana won a 25-day U.S. Gulf job with Kosmos starting November 2026.
CEO Samir Ali said the awards enhance 2027 revenue visibility, with over 85% of available fleet drillship days now contracted, supporting stronger earnings and free cash flow.
• 27d ago AI analysis › Press Release
Seadrill Schedules Third Quarter 2026 Earnings Release and Conference Call
Seadrill will report its third quarter 2026 results on Tuesday, November 3, after the NYSE close.
A conference call to discuss the results is scheduled for Wednesday, November 4, at 08:00 CT / 15:00 CET, with a live webcast and replay available on the company's investor relations site.
• 1mo ago AI analysis › Press Release ● Major
Seadrill Announces Second Quarter 2026 Results
Seadrill reported Q2 revenue of $449 million, up from $358 million in the prior quarter, with net income of $29 million compared to a loss of $7 million.
Adjusted EBITDA increased to $144 million, prompting the company to raise its full-year 2026 revenue guidance to $1.50-$1.55 billion and EBITDA guidance to $420-$450 million.
Commercial updates included adding approximately $200 million to the contract backlog, bringing the total to $2.9 billion, while economic utilization reached 96%.
The company repurchased $20 million of shares, extended its buyback program through year-end, and refinanced senior notes to extend debt maturities.
• 2mo ago AI analysis › Press Release
Seadrill Schedules Second Quarter 2026 Earnings Release and Conference Call
Seadrill Limited announced it will report its second quarter 2026 financial results on Monday, August 10, prior to the market open.
The company will host a conference call to discuss the results at 08:00 CT / 15:00 CET on the same day.
A live webcast and subsequent replay will be available on the Investor Relations section of the Seadrill website.
• 3mo ago AI analysis › Press Release
Seadrill Extends Share Repurchase Program
Seadrill extended its $500 million share repurchase program by six months, setting a new expiration date of December 31, 2026.
As of June 19, approximately $208 million of the authorized amount remained available under the program for future repurchases.
The company retains flexibility to modify or suspend the program at any time based on market conditions and capital requirements.
• 4mo ago AI analysis › Press Release
Seadrill Announces Pricing of Upsized Private Offering of $700 Million Senior Notes due 2034
Seadrill priced a $700 million private offering of 6.75% Senior Notes due 2034, upsizing from the initial $600 million target.
The proceeds will primarily be used to redeem all outstanding 8.375% Senior Secured Second Lien Notes due 2030, effectively refinancing higher-cost debt with lower-cost, unsecured long-term debt.
The remaining proceeds will cover transaction fees and general corporate purposes, with closing expected on June 30, 2026.
• 4mo ago AI analysis › Press Release
Seadrill Announces Private Offering of $600 Million Senior Notes
Seadrill announced a private offering of $600 million in senior unsecured notes due 2034, issued by its subsidiary Seadrill Finance Limited.
The net proceeds will be used to redeem approximately $575 million of outstanding 8.375% Senior Secured Second Lien Notes due 2030.
This transaction effectively refinances existing secured debt with new unsecured debt, extending the maturity profile by four years while maintaining similar principal levels.
• 4mo ago AI analysis › Press Release
Seadrill Announces 2026 Annual General Meeting Voting Results
Seadrill shareholders re-elected all nine current directors at the 2026 Annual General Meeting held on June 3, 2026.
The board size was set at up to nine directors, and the board was authorized to fill any vacancies.
Shareholders also approved the appointment of PwC US as independent auditor for 2026, ratified director remuneration, and approved executive compensation and an amendment to the Management Incentive Plan.
• 5mo ago AI analysis › Press Release ● Major
Seadrill Announces First Quarter 2026 Results
Seadrill reported Q1 total operating revenues of $358 million and Adjusted EBITDA of $97 million, completing the West Capella and West Jupiter projects ahead of schedule and on budget.
The company raised its full-year 2026 guidance, increasing the revenue outlook to $1.43-$1.48 billion and Adjusted EBITDA to $370-$420 million, driven by over $860 million in new contract awards since February.
Contract backlog now stands at $3.1 billion, bolstered by new work with Petrobras, LLOG, and TotalEnergies, with management citing growing tailwinds from energy security driving dayrate momentum.
• 5mo ago AI analysis › Press Release
Seadrill Announces U.S. Gulf Contract Awards for West Neptune and West Vela
Seadrill Limited secured two contract awards with LLOG Exploration in the U.S. Gulf of Mexico, adding approximately $260 million to its backlog.
The ultra-deepwater drillships West Neptune and West Vela were awarded programs of 365 days and 270 days respectively, with operations expected to commence in August and September 2026.
Management stated that the new work enhances revenue visibility and supports free cash flow generation while the company navigates near-term market softness.
• 6mo ago AI analysis › 
