Seadrill Ltd

Seadrill Ltd. provides offshore drilling services. It owns and operates drillships, semi-submersibles and jack-ups. Its operating business segments include: Harsh Environment Rigs, Floaters and Jack-Up Rigs. The Harsh Environment Rigs segment operates both semi-submersibles and jack-ups that have a number of design modifications to be able to handle to weather conditions. The Floaters segment encompasses its drillships and benign environment semi-submersible rigs. The Jack-Up Rigs segment operates mobile, self-elevating drilling platforms equipped with legs that are lowered to the seabed. Seadrill was founded on May 10, 2005 and is headquartered in Hamilton, Bermuda.

Earnings data Q4 2019

Earnings data Q1 2020

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Earnings data Q4 2024

Seadrill reports robust Q1 earnings, navigates market challenges strategically

Seadrill's Q1 2024 performance reflects a strong start with revenue and EBITDA growth. The company's focus on fleet integration, contract securing, and share repurchases align with market opportunities and challenges.

Seadrill adjusts full-year guidance amidst contracting challenges and market confidence

Seadrill navigates challenges in the contracting environment by focusing on operational performance and maintaining a strong balance sheet. Revised full-year EBITDA guidance reflects updated contract start date expectations and softer rig contracting outlook.

Seadrill exceeds Q3 expectations, navigates market challenges for growth

Seadrill's Q3 2024 earnings call showcased strong financial performance, operational efficiency, and strategic initiatives. Despite market challenges, the company is well-positioned to capitalize on growth opportunities. Continued focus on cost management and operational optimization will drive future success.

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Seadrill Ltd. engages in the provision of offshore drilling services. It owns and operates drillships, semi-submersibles and jack-ups. It operates through the following segments: Harsh Environment, Floaters, and Jack-Up Rigs. The Harsh Environment segment operates both semi-submersibles and jack-ups that have a number of design modifications to be able to handle harsh weather conditions. The Floaters segment encompasses its drillships and benign environment semi-submersible rigs. The Jack-Up Rigs segment operates mobile, self-elevating drilling platforms equipped with legs that are lowered to the seabed. The company was founded on May 10, 2005 and is headquartered in Hamilton, Bermuda.

HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill Announces Brazil Contract Award for West Tellus.

Seadrill Announces Brazil Contract Award for West Tellus

HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill Announces Brazil Contract Award for West Jupiter.

Seadrill Announces Brazil Contract Award for West Jupiter

Seadrill mentions that its contract with Petrobras has a total value of $1.1 billion, including mobilization fees and other additional services.

SDRL's West Auriga & West Polaris Gear Up for New Assignment in Brazil

Start Time: 09:00 January 1, 0000 9:43 AM ET Seadrill Limited (NYSE:SDRL ) Q3 2024 Earnings Call November 13, 2024, 09:00 AM ET Company Participants Simon Johnson - President and CEO Grant Creed - EVP and CFO Samir Ali - EVP and CCO Lydia Mabry - Director of IR Conference Call Participants David Smith - Pickering Energy Partners Kurt Hallead - Benchmark Fredrik Stene - Clarksons Securities Hamed Khorsand - BWS Financial Josh Jayne - Daniel Energy Partners Noel Parks - Tuohy Brothers Investment Research Operator Hello, and welcome to the Seadrill Third Quarter 2024 Earnings Call. All lines have been placed on mute to prevent any background noise.

Seadrill Limited (SDRL) Q3 2024 Earnings Call Transcript

Seadrill (SDRL) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $1.10 per share a year ago.

Seadrill (SDRL) Beats Q3 Earnings and Revenue Estimates

HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill (NYSE: SDRL) today announced its third quarter 2024 results and revised 2024 guidance.

Seadrill Announces Third Quarter 2024 Results and Increases Full-Year Guidance

Seadrill (SDRL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Seadrill (SDRL) Q3 Earnings Expected to Decline

Transocean

As offshore investment rebounds, RIG and SDRL eye a merger to leverage deepwater prospects and capitalize on the recent oil and gas discoveries.

Will Transocean and Seadrill Merge Amid Offshore Expansion?

The two offshore oil drilling companies have discussed how to structure a potential merger, according to a report.

Seadrill Stock Surges on Report of Transocean Merger Talks

Shares of Seadrill rallied early Thursday after a report the offshore drilling company is in talks to merge with Transocean.

Seadrill stock jumps on report of talks with Transocean

HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill Announces Third Quarter 2024 Earnings Release and Conference Call.

Seadrill Announces Third Quarter 2024 Earnings Release and Conference Call

Initiating coverage on Seadrill Limited with a "Buy" rating and a 12-18 month investment horizon due to attractive valuation and positive industry tailwinds. Positive industry outlook driven by expected higher oil prices, expansionary monetary policies, and increasing investments in deepwater drilling projects. Strong fundamentals with high financial flexibility, low leverage, and significant cash flow visibility support potential acquisitions and organic growth.

Seadrill: Potential M&A, Industry Tailwinds Will Support Growth Acceleration

Oil States International

HOUSTON--(BUSINESS WIRE)--Seadrill Limited (“Seadrill”) (NYSE: SDRL), a global leader in oil and gas offshore drilling, and Oil States International, Inc. (“Oil States”) (NYSE: OIS), a global provider of manufactured products and services to customers in the energy, industrial and military sectors, announced today a non-exclusive collaborative relationship aimed at increasing the safety and efficiency of offshore MPD operations. This strategic initiative combines Oil States' award-winning MPD I.

Seadrill and Oil States Announce Strategic Collaboration to Enhance Offshore Managed Pressure Drilling (MPD) Operations

HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill Announces Completion of Delisting of Shares on Oslo Stock Exchange.

Seadrill Announces Completion of Delisting of Shares on Oslo Stock Exchange

Seadrill reporting mixed earnings results, coupled with a lowered guidance, put pressure on the stock price. Demand has not yet materialized into more contract awards. This is attributed to several reasons, including a supply chain issue. These headwinds are likely to resolve in 2H25. Market fundamentals remain supportive of day rates. Benign floater marketed utilization rate was at 86% despite reactivations. We believe incremental demand will be sufficient to absorb stranded capacity.

Seadrill Q2 2024: Mixed Results, Exacerbated By A Lowered Guidance, Reiterate Buy

Seadrill (SDRL) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $1.16 per share a year ago.

Seadrill (SDRL) Surpasses Q2 Earnings and Revenue Estimates

HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill announces second quarter earnings results.

Seadrill Announces Second Quarter 2024 Results

Criteo

GoDaddy

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The 3 Most Sold Stocks by Activist Hedge Funds for July

Seadrill is an offshore drilling company focusing on the floater market, with its fleet primarily located in the Deepwater Golden Triangle. Demand for offshore rigs will remain robust due to high oil prices thanks to extended OPEC+ cuts, the growing petrochemical sector, and EV hiccups. Offshore projects will be highly demanded given improved economics. The market will remain undersupplied as newbuilding prices and reactivation cost a fortune.

Seadrill: Re-Contracting At Higher Dayrates Will Drive The Stock Price

Nabors Industries

Following a careful analysis of the Zacks Oil and Gas - Drilling industry, we advise focusing on companies like SAPMF, SDRL and NBR.

3 Oil & Gas Drilling Companies With Optimistic Prospects

HAMILTON, Bermuda--(BUSINESS WIRE)--SDRL announces earnings results and call date.

Seadrill Announces Second Quarter 2024 Earnings Release and Conference Call

Seadrill (SDRL) concludes the sale of the West Castor, the West Telesto and the West Tucana jackup rigs operating offshore Qatar, for cash proceeds of $338 million.

Seadrill (SDRL) Divests Three Jack-up Rigs and JV Interest

HAMILTON, Bermuda--(BUSINESS WIRE)--SDRL announced that it has continued progress on its share repurchase program, as part of its ongoing commitment to deliver shareholder returns.

Seadrill Initiates Extension of Share Repurchase Program

HAMILTON, Bermuda--(BUSINESS WIRE)--SDRL completed the previously disclosed sale of three jack-up rigs and its 50% equity interest in the joint venture that operates them.

Seadrill Completes Divestment of Jack-Up Rigs

HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill will delist from Oslo Stock Exchange September 10, now that Oslo Bors has approved the Company's delisting.

News for Seadrill Ltd Stock (SDRL)