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

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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.

Seadrill Limited (NYSE:SDRL ) Q3 2023 Earnings Conference Call November 28, 2023 10:00 AM ET Company Participants Benjamin Wiseman - Corporate Finance Manager & Investor Relations Simon Johnson - President & Chief Executive Officer Samir Ali - Executive Vice President & Chief Commercial Officer Grant Creed - Executive Vice President & Chief Financial Officer Leif Nelson - Executive Vice President & Chief Operating and Technology Officer Conference Call Participants Greg Lewis - BTIG Eddie Kim - Barclays Fredrik Stene - Clarkson Securities Vahid Khorsand - BWS Financial Truls Olsen - Fearnley Securities Operator Good morning, and welcome to Seadrill's Third Quarter 2023 Earnings Call. All participants are in a listen-only mode.

Seadrill Limited (SDRL) Q3 2023 Earnings Call Transcript

Seadrill Ltd (NYSE:SDRL) shares traded higher in Tuesday's premarket deals, up 4.53% changing hands at $44.50, after the offshore oil and gas contractor confirmed a robust third quarter performance. The driller reported $151 million of earnings (Adjusted EBITDA) or $1.10 per share, on $414 million of revenue – exceeding Wall Street forecasts for 83 cents and $396.25 million respectively.

Seadrill share rise on third-quarter boost and guidance upgrade

HAMILTON, Bermuda--(BUSINESS WIRE)--November 27, 2023 -- Seadrill Limited (“Seadrill” or the "Company") (NYSE & OSE: SDRL) today reported its third quarter 2023 results, which reflect strong performance across the fleet as the Company continues to deliver safe and efficient drilling operations around the globe. Financial Highlights Three months ended Figures in USD million, unless otherwise indicated September 30, 2023 June 30, 2023 Total Operating Revenues 414 414 Contract Revenues 324 329.

Seadrill Announces Third Quarter 2023 Results and Additional $250 Million Share Repurchase Authorization

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LONDON, UK / ACCESSWIRE / November 27, 2023 / Horizonte Minerals Plc (AIM:HZM)(TSX:HZM) ("Horizonte" or the "Company") the nickel development company, announces the following changes to its board of directors (the "Board") and senior leadership team. These changes have been made as the Company advances discussions for a financing solution for its flagship Araguaia Nickel Project ("Araguaia" or "the Project") and the completion of construction of the Project.

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HAMILTON, Bermuda--(BUSINESS WIRE)--November 17, 2023-- Seadrill Limited (“Seadrill” or the "Company") (NYSE & OSE: SDRL) announces that the 2023 Annual General Meeting of the Shareholders of the Company was held on November 17, 2023 at 09:00, at the Rosewood Hotel, Bermuda. The audited consolidated financial statements for the Company for the year ended December 31, 2022 were laid before the Meeting. In addition, the following resolutions were passed by shareholders: To determine that the.

Seadrill Limited – Results of the 2023 Annual General Meeting of Shareholders

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

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The consensus price target hints at a 43% upside potential for Seadrill (SDRL). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Does Seadrill (SDRL) Have the Potential to Rally 42.99% as Wall Street Analysts Expect?

Seadrill (SDRL) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Seadrill (SDRL) Loses -10.06% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

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After marking a new 52-week high in early September, shares of leading offshore driller Seadrill Limited have retreated by almost 20% in recent weeks. The setback would have likely been much worse without the company aggressively buying back shares in the open market under its recently announced $250 million share repurchase program. In a recent presentation, the company warned of near-term headwinds from increased idle time, inflationary pressures, and heavy maintenance requirements.

Seadrill Warns Of Near-Term Headwinds, But Long-Term Outlook Still Solid

HAMILTON, Bermuda--(BUSINESS WIRE)--October 24, 2023-- Seadrill Limited ("Seadrill” or the “Company") (NYSE & OSE: SDRL) will report third quarter 2023 results on Monday, November 27 after the NYSE closes for trading. The Company will hold a conference call to discuss its results on Tuesday, November 28 at 9:00 CST / 15:00 GMT / 16:00 CET. Interested participants may join the call by dialing +1 (888) 660-6819 (Passcode: 7310670) at least 15 minutes prior to the scheduled start time. The Com.

Seadrill Announces Third Quarter 2023 Earnings Release and Conference Call

Seadrill (SDRL) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Down -8.55% in 4 Weeks, Here's Why You Should You Buy the Dip in Seadrill (SDRL)

HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill Announces Approval of Restated Management Incentive Plan and New Incentive Awards.

Seadrill Announces Approval of Restated Management Incentive Plan and New Incentive Awards

HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill has changed the date of its Annual General Meeting of Shareholders from November 16, 2023, as previously announced, to November 17, 2023.

Seadrill Announces Update to 2023 Annual General Meeting of Shareholders

HAMILTON, Bermuda , Sept. 12, 2023 /PRNewswire/ -- As previously announced, the Board of Directors of Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) (OSE: SDRL) authorized a share repurchase program that allows the Company to repurchase up to $250 million of its outstanding common shares.

Seadrill Limited Initiates Previously Announced Share Repurchase Program

The current decade will be dominated by structural inflation and higher commodity prices. Oil and gas drillers will benefit significantly from those dynamics. Seadrill is well-positioned to take advantage. It has the youngest fleet among its peers, prudent management with industry expertise, and a rising backlog. I give Seadrill a buy rating because of strong macro tailwinds despite being overvalued compared to NAV at 10%.

Seadrill: Bet On Rigs Deficit And Rising Oil Prices

HAMILTON, Bermuda , Aug. 25, 2023 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) (OSE: SDRL) announces today that, in accordance with its bye-laws, the Board has confirmed the date of the Annual General Meeting of Shareholders in respect of the 2023 calendar year. The 2023 Annual General Meeting shall be held in Bermuda on November 16, 2023.

Seadrill 2023 Annual General Meeting of Shareholders

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Seadrill Limited (NYSE:SDRL ) Q2 2023 Results Conference Call August 15, 2023 9:00 AM ET Company Participants Lydia Mabry - Director, IR Simon Johnson - President and CEO Grant Creed - EVP and CFO Samir Ali - EVP and Chief Commercial Officer Leif Nelson - Chief Operating and Technology Officer Conference Call Participants Greg Lewis - BTIG Ben Nolan - Stifel Fredrik Stene - Clarkson Securities David Smith - Pickering Energy Partners Eddie Kim - Barclays Hamed Khorsand - BWS Financial Lydia Mabry Welcome to Seadrill's Second Quarter 2023 Earnings Call. With me today are Simon Johnson, our President and Chief Executive Officer; Grant Creed, Executive Vice President and Chief Financial Officer; and Samir Ali, Executive Vice President and Chief Commercial Officer.

Seadrill Limited (SDRL) Q2 2023 Earnings Call Transcript

Seadrill Ltd (NYSE:SDRL) stock is set to start Tuesday's session on the front foot after the oil and gas contractor boasted strong quarterly results. The company, which in 2022 went through its second Chapter 11 bankruptcy process in two years, today told investors it had generated US$414 million of second quarter revenue and earnings (adjusted EBITDA) was reported at US$159mln.

Seadrill stock on the rise after strong quarter

Delivered $159 million of Adjusted EBITDA(1) on $414 million of revenue, resulting in an Adjusted EBITDA Margin(1) of 38.4%, and net income of $94 million, or $1.16 per diluted share Closed Aquadrill transaction on April 3, increasing contracted floater count for the quarter by four to 12 After the quarter, successfully issued $575 million of 8.375% senior secured second lien notes due 2030 and executed a new $225 million revolving credit facility with an accordion feature of up to $100 million On July 28, completed the sale of three tender-assist units for approximately $85 million, as the Company focuses on deepwater Initiated shareholder return program with share repurchase authorization of up to $250 million HAMILTON, Bermuda , Aug. 15, 2023 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) (OSE: SDRL) today reported strong second quarter 2023 results, which reflect a full quarter's contribution from contracted rigs acquired as part of the Aquadrill transaction, completed on April 3, 2023. Seadrill now owns 12 benign deepwater floaters, beyond the two it manages as part of a 50:50 joint venture with Sonangol; three harsh-environment rigs; and four jackups, three of which it plans to sell consistent with ongoing fleet refinement.

Seadrill Announces Second Quarter 2023 Results and $250 Million Share Repurchase Authorization

Shareholders and creditors alike will watch keenly the outlook for oil and gas contractor Seadrill Ltd (NYSE:SDRL) as it reports on its second quarter on Tuesday. Having exited its latest Chapter 11 bankruptcy process in November 2022, for the second time in two years, the rig-and-crew service provider last week refinanced with a ne US$500mln loan (carrying 8.375% interest and maturity in 2030) along with US$225 million in revolving credit and a US$100 million accordion.

Has Seadrill overcome stormy financial waters, rig activity a focus ahead of quarterly results

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HAMILTON, Bermuda , July 27, 2023 /PRNewswire/ -- On July 27, 2023, Seadrill Limited (the "Company") (NYSE & OSE: SDRL) and its wholly owned subsidiary, Seadrill Finance Limited ("Seadrill Finance" or the "Issuer"), announced that Seadrill Finance has issued $500 million in aggregate principal amount of 8.375% Senior Secured Second Lien Notes due 2030 (the "Notes") in an offering (the "Offering") conducted pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act"). The net proceeds from the Offering will be used to: (i) prepay in full the outstanding amounts under its existing secured debt facilities and (ii) pay fees associated with exiting such secured debt facilities.

Seadrill Limited (SDRL) Announces Closing of $500 Million Senior Secured Second Lien Notes and Concurrent Availability of New Revolving Credit Facility

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