Earnings summaries and quarterly performance for Seadrill.
Executive leadership at Seadrill.
Simon Johnson
Detailed
President and Chief Executive Officer
CEO
GC
Grant Creed
Detailed
Executive Vice President and Chief Financial Officer
SA
Samir Ali
Detailed
Executive Vice President, Chief Commercial Officer
TS
Todd Strickler
Detailed
Senior Vice President and General Counsel
TS
Torsten Sauer-Petersen
Detailed
Executive Vice President, Chief Technology & Sustainability Officer
Board of directors at Seadrill.
Research analysts who have asked questions during Seadrill earnings calls.
David Smith
Truist Securities
4 questions for SDRL
Also covers: AESI, BK, CLB +21 more
Fredrik Stene
Clarksons Securities
4 questions for SDRL
Also covers: BORR, NE, RIG +2 more
HK
Hamed Khorsand
BWS Financial
4 questions for SDRL
Also covers: ADEA, ARLO, ATEN +14 more
NP
Noel Parks
Tuohy Brothers
4 questions for SDRL
Also covers: BE, BEEM, BLNK +20 more
GL
Gregory Lewis
BTIG, LLC
3 questions for SDRL
Also covers: ABTC, BLBD, BTDR +27 more
JJ
Joshua Jayne
Daniel Energy Partners
3 questions for SDRL
Also covers: AESI, AROC, BORR +20 more
KH
Kurt Hallead
The Benchmark Company
2 questions for SDRL
Also covers: AESI, BKR, FTI +14 more
BN
Benjamin Nolan
Stifel
1 question for SDRL
Also covers: ASC, CDLR, CMRE +17 more
Eddie Kim
Barclays
1 question for SDRL
Also covers: AESI, BORR, FTI +9 more
FS
Frederik Stene
Clarkson Securities
1 question for SDRL
GL
Greg Lewis
BTIG
1 question for SDRL
Also covers: BLBD, BORR, BTDR +14 more
Keith Beckmann
Pickering Energy Partners
1 question for SDRL
Also covers: FET, FLOC, INVX +4 more
TO
Truls Olsen
Fearnley Securities
1 question for SDRL
Also covers: BORR
Recent press releases and 8-K filings for SDRL.
Seadrill Reports Q4 and Full Year 2025 Results, Provides 2026 Guidance
SDRL
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Seadrill reported full year 2025 EBITDA of $353 million and Q4 2025 total operating revenues of $362 million, ending the year with a cash balance of $365 million and total liquidity of $524 million.
- For full year 2026, the company anticipates total operating revenues of $1.4 billion to $1.45 billion and EBITDA of $350 million to $400 million, with capital expenditure and long-term maintenance guidance of $200 million to $240 million.
- The contracted backlog stands at approximately $2.5 billion, having increased by $0.5 billion since the last earnings update, with 90% of the midpoint of the 2026 revenue range covered by firm backlog.
- Seadrill expects an inflection to strong cash flow generation in mid-2026 driven by an expanded fleet, repricing of legacy contracts, and declining capital expenditures. Management is confident in deepwater demand for 2026 and 2027, forecasting floater utilization rates to reach 91% in 2026 and 96% in 2027.
1 day ago
Seadrill Reports Q4 and Full Year 2025 Results, Provides 2026 Guidance
SDRL
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Seadrill reported full year 2025 EBITDA of $353 million, surpassing the midpoint of its original guidance range.
- For full year 2026, the company anticipates total operating revenues of $1.4 billion to $1.45 billion (excluding $50 million in reimbursable revenues) and EBITDA of $350 million to $400 million.
- The company's contracted backlog increased by half a billion since the last update, reaching approximately $2.5 billion, with 90% of the midpoint of its 2026 revenue range covered by firm backlog.
- Management expects an inflection to strong cash flow generation in mid-2026 and highlighted a favorable market outlook for ultra deepwater, with floater utilization rates forecast to reach 91% in 2026 and 96% in 2027.
1 day ago
Seadrill announces FY26 guidance and strong backlog
SDRL
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- Seadrill provided FY26 guidance for Total Operating Revenues between $1,400-$1,450m and Adjusted EBITDA between $350-$400m.
- The company reported a total backlog of $2.5bn as of February 25, 2026, with 90% of its 2026 revenue guidance mid-point covered by firm backlog.
- Seadrill has a market capitalization of $2.8bn as of February 20, 2026, and operates a marketed fleet of 14 rigs.
- The company maintains a prudent leverage of 0.81x (Net Debt / LTM Adjusted EBITDA) and $524m in total liquidity as of December 31, 2025.
2 days ago
Seadrill Announces Fourth Quarter and Full Year 2025 Results
SDRL
Earnings
Guidance Update
New Projects/Investments
- Seadrill Limited reported a net loss of $10 million and Adjusted EBITDA of $88 million for Q4 2025, contributing to a full year 2025 net loss of $77 million and Adjusted EBITDA of $353 million.
- The company's Contract Backlog reached approximately $2.5 billion as of February 25, 2026, driven by $0.5 billion in new contract awards across seven rigs during Q4 2025.
- Seadrill provided full year 2026 guidance, projecting total operating revenues of $1.40 billion to $1.45 billion and Adjusted EBITDA of $350 million to $400 million.
- As of December 31, 2025, Seadrill held $365 million in cash and cash equivalents and reported a net debt position of $260 million.
2 days ago
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
Quarterly earnings call transcripts for Seadrill.
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