Seadrill reports Q2 EPS (68c) vs $3.49 last year

Reports Q2 revenue $377M, consensus $363M. “We are pleased that the active customer dialogues referenced in the prior quarter are converting into new contracts. The West Vela’s continued exceptional operating performance has enabled it to secure work in a competitive environment, and the Sevan Louisiana contract award expands our customer base, creating access to a broader spectrum of work opportunities. Furthermore, we expect material progress on additional fixtures in the near future,” said President and CEO Simon Johnson. “With our disciplined approach to contracting, robust balance sheet and relentless focus on setting the standard in our operations, we remain confident in delivering long-term shareholder value as the market improves.”