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10.08.26 - 07:03
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Seadrill Announces Second Quarter 2026 Results (Business Wire)
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HAMILTON, Bermuda--(BUSINESS WIRE)--$SDRL--Seadrill Limited (“Seadrill” or the “Company”) (NYSE: SDRL) today announced its second quarter 2026 results.
Highlights
Secured contract awards and extensions in the U.S. Gulf and Malaysia, adding approximately $200 million to Contract Backlog(1) subsequent to the May fleet status report.
Extended the Company's share repurchase program through December 31, 2026, and repurchased approximately $20 million of shares in the second quarter.
Refinanced prior senior notes due in 2030, extending maturity into 2034 and increased the revolving credit facility to $300 million from $225 million, extending maturity to 2031.
Reported net income of $29 million and Adjusted EBITDA(2) of $144 million.
Increased full year 2026 Total operating revenues and Adjusted EBITDA(3) guidance ranges as follows:
Total operating revenues range increased to $1.50 - $1.55 billion (previously $1.43 - $1.48 billion), excluding $50 million of reimbursable revenues;
Adjusted EBITDA range i...
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14.07.26 - 22:21
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Seadrill Schedules Second Quarter 2026 Earnings Release and Conference Call (Business Wire)
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HAMILTON, Bermuda--(BUSINESS WIRE)--$SDRL--Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) will report its second quarter 2026 results on Monday, August 10, prior to the NYSE opening for trading. The Company will host a conference call to discuss at 08:00 CT / 15:00 CET on the same day.
Interested participants may join the call by dialing +1 (833) 461-5787 (Conference ID: 296 907 442) at least 15 minutes prior to the scheduled start time. The Company will webcast the call live on the Investor Relations section of its website, where a replay will be available afterwards.
About Seadrill
Seadrill is setting the standard in deepwater oil and gas drilling. With its modern fleet, experienced crews, and advanced technologies, Seadrill safely, efficiently, and responsibly unlocks oil and gas resources for national, integrated, and independent oil companies. For further information, visit www.seadrill.com. Contacts
Kevin Smith
Vice President – Corporate Finance and Investor Relat...
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22.06.26 - 22:18
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Seadrill Extends Share Repurchase Program (Business Wire)
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HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill Limited (“Seadrill” or the “Company”) (NYSE: SDRL) today announced that it has extended its share repurchase program, as part of its ongoing commitment to deliver shareholder returns. As previously announced, the Company's Board of Directors (the “Board”) authorized a $500 million share repurchase program that would terminate on June 25, 2026 (as extended, the “Repurchase Program”). As of June 19, 2026, approximately $208 million of the $500 million authorized amount remained available under the Repurchase Program. On June 22, 2026, the Board authorized an extension of the Repurchase Program to run through December 31, 2026.
While the Repurchase Program has a fixed expiration, it may be modified, suspended or discontinued at any time. Shares may be repurchased at any time and from time to time under the program in open market purchases, privately negotiated purchases, block trades, tender offers, accelerated share repurchase transactions or oth...
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15.06.26 - 22:12
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Seadrill Announces Pricing of Upsized Private Offering of $700 Million Senior Notes due 2034 (Business Wire)
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HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill Limited (“Seadrill” or the “Company”) (NYSE: SDRL) announced today that Seadrill Finance Limited, an exempted company limited by shares incorporated under the laws of Bermuda and a wholly owned subsidiary of Seadrill (“Seadrill Finance”), has priced its offering (the “Offering”) pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), of $700 million in aggregate principal amount of 6.750% Senior Notes due 2034 (the “Notes”). The Offering was upsized to $700 million from the original offering size of $600 million. The Notes mature on July 15, 2034 and will be issued at par. The Offering is expected to close on June 30, 2026, subject to customary closing conditions.
Seadrill Finance intends to use a portion of the net proceeds from the Offering to redeem all of Seadrill Finance's outstanding 8.375% Senior Secured Second Lien Notes due 2030 (the "2030 Notes") and satisfy and dis...
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15.06.26 - 13:36
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Seadrill Announces Private Offering of $600 Million Senior Notes (Business Wire)
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HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill Limited (“Seadrill” or the “Company”) (NYSE: SDRL) announced today that, subject to market conditions, Seadrill Finance Limited, an exempted company limited by shares incorporated under the laws of Bermuda and a wholly owned subsidiary of Seadrill (“Seadrill Finance”), intends to offer for sale to eligible purchasers in an offering (the “Offering”) pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), $600 million in aggregate principal amount of senior unsecured notes due 2034 (the “Notes”).
Seadrill Finance intends to use the net proceeds from the Offering, together with cash on hand, to redeem all of Seadrill Finance's outstanding 8.375% Senior Secured Second Lien Notes due 2030 (the "2030 Notes") and satisfy and discharge the indenture governing the 2030 Notes. In connection with the Offering, Seadrill Finance delivered a notice to redeem the 2030 Notes, conditioned onl...
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04.06.26 - 00:06
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Seadrill Announces 2026 Annual General Meeting Voting Results (Business Wire)
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HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill Limited (NYSE: SDRL) ("Seadrill" or the "Company") today announced the 2026 Annual General Meeting of the Shareholders of the Company was held on June 3, 2026, at the Hamilton Princess Hotel & Beach Club, Bermuda. The audited consolidated financial statements for the Company for the year ended December 31, 2025 were laid before the Meeting.
In addition, the following resolutions were passed by shareholders:
To determine that the number of Directors comprising the Board of Directors of the Company (the “Board”) be set at up to nine (9) Directors until such number is determined or changed in accordance with the bye-laws of the Company (the “Bye-laws”) and to authorize the Board to fill any vacancy on the Board left unfilled at any general meeting of shareholders.
To re-elect, by way of separate resolutions, each of Julie J. Robertson, Jean Cahuzac, Jan Kjærvik, Mark McCollum, Harry Quarls, Andrew Schultz, Paul Smith, Jonathan Swinney ...
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