Seadrill Limited Reports Q1 2025 Financial Results

Seadrill Limited ( (SDRL) ) has released its Q1 earnings. Here is a breakdown of the information Seadrill Limited presented to its investors.

Seadrill Limited is a prominent player in the deepwater oil and gas drilling sector, known for its modern fleet and advanced technologies, which enable it to efficiently and responsibly extract resources for various oil companies. In its first quarter of 2025, Seadrill reported a net loss of $14 million and an adjusted EBITDA of $73 million, reflecting a strategic focus on deepwater market operations. The company saw an increase in total operating revenues to $335 million, driven by contract revenues, despite a decrease in economic utilization in Brazil. The commencement of contracts for the West Auriga and West Polaris rigs contributed to this revenue growth. Seadrill’s financial performance was marked by a reduction in operating expenses, primarily due to lower merger and integration costs, although this was offset by increased expenses related to new contracts. The company maintains a robust order backlog of approximately $2.8 billion, providing a solid foundation for future operations. Looking ahead, Seadrill’s management remains optimistic, maintaining its 2025 guidance for operating revenues and adjusted EBITDA, as it continues to focus on expanding its backlog and engaging with customers for future opportunities.