Every 8-K 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 8-K covers material events a company has to report between its quarterly 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 stronger second quarter 2026 results, with Total operating revenues of $449 million versus $358 million in the prior quarter, driven by more operating days for the West Jupiter and West Capella and higher average dayrates. Net income was $29 million, compared with a loss in the prior quarter, and Adjusted EBITDA rose to $144 million from $97 million, yielding an Adjusted EBITDA margin of 32.1% and 33.5% excluding reimbursables.
The company highlighted contract awards and extensions in the U.S. Gulf and Malaysia, adding about $200 million to Contract Backlog after the May fleet report and bringing total Contract Backlog to approximately $2.9 billion as of August 10, 2026. Full-year 2026 guidance was increased, with Total operating revenues now expected at $1.50–$1.55 billion (excluding $50 million reimbursables) and Adjusted EBITDA at $420–$450 million, while capex and long-term maintenance remain guided at $200–$240 million.
Seadrill refinanced senior notes due 2030, extending maturity to 2034, and upsized its revolving credit facility to $300 million from $225 million, maturing in 2031. At quarter-end, it held $360 million in cash, cash equivalents and restricted cash and $750 million of gross principal debt, for net debt of $390 million$20 million of shares repurchased in the quarter, while Free Cash Flow remained negative at $(43) million for the quarter.
Seadrill Finance Limited, a wholly owned subsidiary of Seadrill Limited, issued $700 million of 6.750% Senior Notes due 2034 in a Rule 144A/Reg S offering, fully and unconditionally guaranteed by Seadrill and certain subsidiaries.
The notes mature on July 15, 2034, pay interest semi-annually starting January 15, 2027, and are callable from July 15, 2029 at step-down premiums, or earlier at a make-whole price, with an equity claw of up to 40% at 106.750%. Proceeds were used to fund the redemption of the company’s 8.375% Senior Secured Second Lien Notes due 2030, of which approximately $575 million was outstanding as of March 31, 2026, resulting in satisfaction and discharge of that indenture. Seadrill also amended its Senior Secured Revolving Credit Agreement, increasing revolving commitments from $225 million to $300 million, which remain undrawn.
Seadrill Limited has extended its existing share repurchase program, which authorizes up to $500 million of common share buybacks. As of June 19, 2026, about $208 million of this amount remained available. On June 22, 2026, the Board approved an extension of the program’s expiration date from June 25, 2026 to December 31, 2026. The company notes that repurchases are discretionary and may be modified, suspended or discontinued, and can be executed through various methods including open market purchases, privately negotiated transactions, block trades, tender offers and derivative transactions.
Seadrill Limited amended its senior secured revolving credit facility, increasing commitments for revolving borrowings from $225 million to $300 million and extending the stated maturity from 2028 to 2031, subject to conditions in the amendment. The agreement, entered into on June 16, 2026, also removes certain immaterial subsidiaries as guarantors and certain stacked vessels as collateral, adjusts commitment fees, and relaxes some restrictive covenants to provide more operational and financial flexibility for the company and its subsidiaries. The amendment is expected to become effective on June 30, 2026 once the specified conditions are satisfied or waived.
Seadrill Limited announced a planned private offering of $600 million in senior unsecured notes due 2034 through its subsidiary Seadrill Finance, sold under Rule 144A and Regulation S. Net proceeds, together with cash on hand, are intended to redeem approximately $575 million of outstanding 8.375% Senior Secured Second Lien Notes due 2030 and discharge that indenture. Seadrill is also discussing an amendment to its Senior Secured Revolving Credit Agreement to increase commitments from $225 million to up to $300 million and extend the maturity from 2028 to 2031. As of March 31, 2026, contract backlog totaled $2,481 million, Adjusted EBITDA for the prior twelve months was $377 million, Net loss was $70 million, and Net Debt was $321 million.
Seadrill Limited held its 2026 Annual General Meeting of Shareholders on June 3, 2026, where all proposals received strong support. Shareholders approved setting the Board size at up to nine directors and authorized the Board to fill any vacancies.
All nine director nominees, including Julie J. Robertson and Ana Zambelli, were re-elected to serve until the next annual general meeting. Shareholders also approved and ratified director remuneration and gave advisory approval to 2025 compensation for the company’s named executive officers.
Amendment No. 1 to the Amended and Restated Seadrill Limited 2022 Management Incentive Plan was approved, aligning incentives with shareholder authorization. PricewaterhouseCoopers LLP, United States, was appointed as independent registered public accounting firm for the fiscal year ending December 31, 2026, with authority for the Board’s Audit and Risk Committee to determine its remuneration.
Seadrill Limited reported first quarter 2026 results showing modest growth with continued losses but stronger cash generation metrics. Total operating revenues were $358 million, up from $335 million a year earlier, while net loss narrowed to $7 million from $14 million. Adjusted EBITDA rose to $97 million from $88 million in the prior quarter, giving a 27.1% Adjusted EBITDA margin.
The company added over $860 million of new contracts since its February fleet status report, bringing Contract Backlog to about $3.1 billion. Full-year 2026 guidance was raised, with total operating revenues now targeted at $1.43–$1.48 billion and Adjusted EBITDA at $370–$420 million. At quarter-end, Seadrill held $329 million in cash and restricted cash against $625 million of gross debt, for net debt of $296 million, and reported first-quarter Free Cash Flow of -$35 million.
Seadrill Limited announced a leadership change, with its Board appointing Samir Ali as President and Chief Executive Officer, replacing Simon Johnson effective immediately. Ali has been Executive Vice President and Chief Commercial Officer since August 2022 and previously held senior roles at Diamond Offshore, Bain Capital, and Simmons & Company.
In connection with his promotion, Ali’s annual base salary was set at $750,000. He can earn a 2026 annual bonus targeting 110% of base salary, up to twice that target based on company performance and subject to a 20% individual-performance adjustment. He also received a long-term incentive award with a grant-date value of $3,500,000, 60% in performance-vested RSUs and 40% in time-vested RSUs, with the performance portion tied partly to total shareholder return.
Ali’s employment agreement will be amended to reflect his new role, higher compensation, and enhanced severance protections, including up to 24 months of salary and benefits for certain terminations and a larger lump-sum payout after a change in control. Seadrill expects to provide Johnson with severance benefits under his existing agreements and issued a press release describing the transition.
Seadrill Limited reported fourth quarter and full-year 2025 results, showing stable activity but a modest loss. Fourth quarter 2025 total operating revenues were $362 million, essentially flat versus $363 million in the prior quarter, with a net loss of $10 million and Adjusted EBITDA of $88 million compared to $86 million previously.
For full year 2025, Seadrill recorded a net loss of $77 million and Adjusted EBITDA of $353 million. The company added about $0.5 billion of new awards across seven rigs, bringing Contract Backlog to roughly $2.5 billion as of February 25, 2026. Management highlighted strengthening deepwater demand and longer-term programs.
Seadrill issued 2026 guidance for total operating revenues of $1.40–$1.45 billion excluding $50 million of reimbursable revenues, Adjusted EBITDA of $350–$400 million, and capital expenditure and long-term maintenance of $200–$240 million. At quarter-end, gross principal debt was $625 million and cash and cash equivalents were $365 million, implying a net debt position of $260 million.
Seadrill Limited (SDRL) furnished an update on its business by announcing third quarter 2025 results via an accompanying press release.
The company submitted an 8-K under Item 2.02 to provide the market with this information, attaching the full press release as Exhibit 99.1 dated November 5, 2025. The company stated the information provided under Item 2.02, including Exhibit 99.1, is furnished and shall not be deemed filed under Section 18 of the Exchange Act. The filing was signed by Chief Financial Officer Grant Creed.
Seadrill Limited (SDRL) filed an 8-K reporting the inclusion by reference of an S-K biography for Mr. Sauer-Petersen in the company’s Annual Report for the fiscal year ended December 31, 2024, which was filed with the SEC on February 27, 2025. The filing states there are no arrangements or understandings relating to his selection as an executive officer, no family relationships with any director or executive officer, and no transactions involving Mr. Sauer-Petersen that must be disclosed under Item 404(a) of Regulation S-K. The form is signed by Grant Creed, Chief Financial Officer, and dated September 3, 2025.