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Seadrill (SDRL)

Earnings summaries and quarterly performance for Seadrill.

Recent press releases and 8-K filings for SDRL.

Seadrill Releases Q3 2025 Fleet Status Report with Contract Updates
SDRL
New Projects/Investments
Demand Weakening
Guidance Update
  • Seadrill released its Q3 2025 Fleet Status Report on November 5, 2025, detailing various rig contract updates and extensions.
  • Significant contract awards and extensions include the West Auriga with Petrobras for approximately $577 million (Dec-24 to Dec-27), West Jupiter for approximately $525 million (Apr-26 to Apr-29), West Neptune for approximately $86 million (Nov-25 to May-26), West Polaris for approximately $518 million (Feb-25 to Jan-28), and West Tellus for approximately $539 million (Jun-26 to Jun-29).
  • The West Elara rig's contract with ConocoPhillips is subject to a notice of suspension for the period from late Q3 2026 to late Q4 2027, with ongoing discussions with the customer.
  • Seadrill continues to manage rigs such as West Gemini, Sonangol Libongos, and Sonangol Quenguela through the Sonadrill joint venture, earning daily management fees.
Nov 6, 2025, 2:00 PM
Seadrill Announces Q3 2025 Results and Updates 2025 Guidance
SDRL
Earnings
Guidance Update
New Projects/Investments
  • Seadrill reported total operating revenues of $363 million and Adjusted EBITDA of $86 million for the third quarter of 2025.
  • The company updated its 2025 guidance, narrowing the Adjusted EBITDA range to $330-$360 million and operating revenues to $1.36-$1.39 billion.
  • Seadrill added over $300 million to its backlog, bringing the total contracted backlog to approximately $2.5 billion by securing new contracts across five rigs.
  • New contracts include work for the Sonadrill Libongos into early 2027, the Sonadrill Quingala into mid-2026, and the West Vela for a $28 million contract starting March 2026.
  • Management anticipates a market recovery with increased utilization and day-rate progression from 2026 into 2027, driven by renewed investment in deep-water development and exploration.
Nov 6, 2025, 2:00 PM
Seadrill Announces Third Quarter 2025 Results
SDRL
Earnings
Guidance Update
  • Seadrill Limited reported a net loss of $11 million and Adjusted EBITDA of $86 million for the third quarter of 2025.
  • The company narrowed its full year 2025 guidance, projecting total operating revenue between $1,360 million and $1,390 million and Adjusted EBITDA between $330 million and $360 million.
  • New contract awards across five rigs added over $300 million to the Order Backlog, bringing the total to approximately $2.5 billion as of November 5, 2025.
  • As of September 30, 2025, Seadrill reported a net debt position of $197 million, with $428 million in cash and cash equivalents.
Nov 5, 2025, 9:36 PM

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