Every 10-Q that Seadrill Limited (SDRL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SDRL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SDRL filings page.
Seadrill Limited reported a strong turnaround for the quarter ended June 30, 2026. Operating revenues rose to $449 million from $377 million, driven by higher contract dayrates, better economic utilization and more integrated services. Operating profit increased to $72 million from $6 million, and the company generated net income of $29 million versus a $42 million loss a year earlier; diluted EPS was $0.47.
For the first half of 2026, revenues were $807 million and net income $22 million, compared with a $56 million loss in 2025. Contract backlog grew to $2.93 billion (from $2.38 billion at year-end 2025), with meaningful visibility through 2028. Liquidity remained solid with $585 million of available resources, including $337 million of cash and $248 million of undrawn revolver capacity. Seadrill refinanced its secured 2030 notes by issuing $700 million of 6.750% senior notes due 2034, incurring a $35 million extinguishment loss, and upsized and extended its revolving credit facility to $300 million maturing 2031. The company continued its capital return strategy, repurchasing 511,078 shares for about $20 million in the quarter.
Seadrill Limited reported higher activity but remained loss-making for the quarter ended March 31, 2026. Total operating revenues rose to $358 million from $335 million, driven by higher contract revenues, improved economic utilization of 95% versus 84%, and stronger average dayrates of $343,000 per day.
Operating profit increased to $24 million from $18 million, but income tax expense climbed to $23 million, resulting in a net loss of $7 million or $0.11 per share, an improvement from a $14 million loss a year earlier. Cash and cash equivalents were $304 million, and total available liquidity, including the undrawn revolver, was $482 million.
Contract backlog stood at $2.48 billion, up from $2.38 billion at year-end, with $1.02 billion expected to be realized over the remainder of 2026. The company also detailed several legal and tax contingencies, including an adverse Norwegian judgment under appeal and ongoing Brazilian tax and contract disputes.
Seadrill Limited reported third‑quarter 2025 results. Operating revenues were $363 million, producing operating profit of $26 million and a net loss of $11 million (basic and diluted loss per share $0.17). For the nine months, revenues were $1,075 million with a net loss of $67 million.
Cash and cash equivalents were $402 million, total debt $612 million, and shareholders’ equity $2,865 million. Contract backlog totaled $2,511 million as of September 30, 2025, including $2,277 million from drilling contracts and $234 million from other sources; the company expects to realize $335 million of this in the remainder of 2025. Brazil was the largest revenue contributor in Q3 at $160 million.
Legal updates include an Oslo District Court judgment ordering payment of approximately $37 million plus ~$11 million in costs related to West Hercules, for which Seadrill has appealed and issued a NOK574 million guarantee. In the Sonadrill fees case, Seadrill paid a first tranche of ~$43 million and presently estimates aggregate liability is unlikely to exceed $61 million, subject to final calculations. Petrobras asserted delay‑penalty claims of approximately $213 million; the parties agreed to voluntary mediation, and no amounts have been accrued.
As of November 3, 2025, common shares outstanding were 62,374,171.