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.
Key figures
- Revenue
- $358 million
- Guidance
- Full year 2026 Total operating revenues $1.43 - $1.48 billion (previously $1.40 - $1.45 billion); Adjusted EBITDA $370 - $420 million (previously $350 - $400 million)
- Net debt
- $296 million
- Adjusted ebitda
- $97 million
- Contract backlog
- $3.1 billion
- Economic utilization
- 94.6%
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