Seadrill Limited (NYSE: SDRL) announced that its 3Q22 earnings will be released on November 30, 2022. The company will host a virtual presentation at 9:00am EST, followed by a Q&A session exclusive to analysts. Participants can join via conference call or webcast, with access to presentation materials available on Seadrill's website. Seadrill operates a technologically advanced offshore drilling fleet, serving clients worldwide. The release also includes forward-looking statements regarding market conditions and operational risks.
Seadrill Limited reported its financial results for the second quarter of 2022, showcasing strong operational performance with a technical utilization rate of 98%. The company generated total operating revenues of $284 million and adjusted EBITDA of $75 million, reflecting a 26.4% EBITDA margin. Cash and cash equivalents stood at $468 million, with $336 million being unrestricted. Notably, Seadrill added $940 million to its order backlog, bringing it to $3.1 billion. The company is optimistic about the recovering rig market and ongoing value creation for stakeholders.
Seadrill Limited announced its Q2 2022 earnings release schedule, set for August 31, 2022, post market close. A virtual presentation by the executive management team will follow on September 1, 2022, at 9:00am EST. This session will include a Q&A for analysts only. Seadrill operates a fleet of 30 high-quality offshore drilling rigs, which caters to various environments. The Company emphasized that forward-looking statements in the release involve risks and uncertainties that could affect actual results.