Seadrill Boosts 2024 Guidance Amid Strong Q3 Results

Seadrill Boosts 2024 Guidance Amid Strong Q3 Results

Seadrill Limited (SDRL) has released an update.

Seadrill Limited reported a stronger-than-expected third quarter in 2024, with an operating profit of $47 million and an increased full-year EBITDA guidance by 13% to $385 million. The company also continued its aggressive share repurchase strategy, buying back 4 million shares worth $183 million during the quarter. Despite some operating challenges, such as a 6% decrease in total operating revenues, Seadrill remains optimistic about its position in the offshore drilling industry.

For further insights into SDRL stock, check out TipRanks’ Stock Analysis page.

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