Seadrill Limited (SDRL) Financials
Key financial figures for Seadrill Limited (Q2 2026).
Seadrill's Q2 2026 Adjusted EBITDA jumped to $144 million on 95.5% economic utilization, and the company raised full-year 2026 revenue and EBITDA guidance for the second straight quarter. Total operating revenues rose to $449 million from $358 million in Q1 2026, driven by more operating days for the West Jupiter and West Capella and improved fleet-wide average dayrates. Adjusted EBITDA nearly hit $150 million ($144M), up from $97 million in Q1, with margin excluding reimbursables expanding to 33.5% from 27.9%. Net income was $29 million ($0.47 diluted EPS), reversing a $7 million net loss in Q1 2026. Economic utilization improved to 95.5% (from 94.6%) and the average contractual dayrate rose to $360K (from $343K) as the fleet ran 10 rigs on contract versus 9 in Q1. On the outlook: FY2026 total operating revenues raised to $1.50 billion to $1.55 billion (from $1.43-$1.48 billion), excluding $50 million of reimbursable revenues; FY2026 Adjusted EBITDA raised to $420 million to $450 million (from $370-$420 million); capital expenditure and long-term maintenance guidance maintained at $200 million to $240 million. Figures are for Q2 2026, as Seadrill Ltd. reported them.
- Revenue
- $449M
- Net Income
- $29M
- EPS
- $0.47
- Total Assets
- $4.1B
- Operating Cash Flow
- -$18M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $449M | $29M | $0.47 | 16.04% | |
| Q1 FY2026 | $358M | -$7M | -$0.11 | 6.98% | -$35M |
| Q4 FY2025 | $362M | -$10M | -$0.16 | 5.25% | -$85M |
| Q3 FY2025 | $352M | -$11M | -$0.17 | 7.39% | $9M |
| Q2 FY2025 | $377M | -$42M | -$0.65 | 1.59% |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $1.4B | -$77M | -$1.24 | 4.87% | -$138M |
| FY2024 | $1.4B | $446M | $6.37 | 29.75% | -$69M |
| FY2023 | $1.5B | $300M | $4.05 | 22.38% | $186M |
Frequently asked questions
What was Seadrill Ltd.'s revenue last quarter?
Seadrill Ltd. reported revenue of $449.0 million for Q2 FY2026, up 19.1% from the same period a year earlier.
Is Seadrill Ltd. profitable?
Yes. Seadrill Ltd. reported net income of $29.0 million for Q2 FY2026, a net margin of 6.46% on revenue.
How has Seadrill Ltd.'s margin trended?
Operating margin was 16.04% in Q2 FY2026, compared with 1.59% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How many quarters of Seadrill Ltd. financials does SentiSense hold?
SentiSense holds up to forty quarters and twenty fiscal years of income statement, balance sheet and cash flow history for SDRL. The 5 most recent quarters are summarised above.
Full income statement, balance sheet and cash flow for Seadrill Limited on SentiSense, with up to forty quarters and twenty fiscal years of history.