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%.
Key figures
- Eps
- 0.47
- Revenue
- $449 million
- Guidance
- FY2026 Total operating revenues $1.50 - $1.55 billion; Adjusted EBITDA $420 - $450 million
- Net income
- $29 million
- Adjusted ebitda
- $144 million
- Contract backlog
- $2.9 billion
- Economic utilization
- 96%
- Shares repurchased q2
- $20 million
AI analysis
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