The earnings call highlighted Seadrill's strong financial performance and successful contract conversions, along with innovative technological advancements. However, the call also addressed challenges such as increased operating expenses, a competitive market environment in 2025, and political unrest in Angola affecting contract approvals. The positive market outlook for 2026 and beyond provides optimism for future growth.

Company Guidance

During Seadrill's Second Quarter 2025 Earnings Call, the company provided several key metrics and insights into its performance and market outlook. The company reported an adjusted EBITDA of $106 million with an adjusted EBITDA margin of 29%, excluding reimbursables. The quarter saw Seadrill secure two new contracts: the West Vela was awarded a two-well contract by Talos Energy with an estimated term of 90 days starting in mid-November, and the Sevan Louisiana began a well intervention contract with Murphy Oil in early August. Seadrill also celebrated 15 years of operation for the West Gemini in Angola, which achieved 97% uptime and a Total Recordable Incident Rate (TRIR) of 0.13 over the last decade. Looking ahead, the company anticipates a market recovery by late 2026, driven by factors such as increased exploration activity and substantial forecasted increases in offshore project Final Investment Decisions (FIDs), which are expected to rise from $91 billion in 2025 to $164 billion in 2026. Seadrill maintains its full-year 2025 adjusted EBITDA guidance range of $320 million to $380 million.

Strong Adjusted EBITDA Performance

Seadrill delivered adjusted EBITDA of $106 million with a margin of 29%, indicating strong financial performance for the quarter.

Successful New Contract Awards

Seadrill successfully converted two customer dialogues into new contracts, including a contract for the West Vela with Talos Energy and a contract for the Sevan Louisiana with Murphy Oil.

Operational Excellence in Angola

The West Gemini marked 15 years of operation in Angola with a 97% uptime and a TRIR of 0.13, underscoring Seadrill's commitment to safety and operational excellence.

Innovative Technological Developments

Seadrill established the West Minerva real-time operations center in Houston, enhancing decision-making and communication across offshore drilling operations.

Positive Market Outlook for 2026 and Beyond

Seadrill is optimistic about a market recovery in late 2026, driven by exploration focus from major players and increased offshore project FIDs.

Seadrill Limited (SDRL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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SDRL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.26 / -	0.49	―	―	―
Aug 06, 2025	2025 (Q2)	0.65 / -0.68	3.49	-119.48% (-4.17)
May 12, 2025	2025 (Q1)	0.40 / -0.23	0.81	-128.40% (-1.04)
Feb 26, 2025	2024 (Q4)	-0.29 / 1.54	0.95	62.11% (+0.59)
Nov 12, 2024	2024 (Q3)	0.10 / 0.49	1.1	-55.45% (-0.61)
Aug 05, 2024	2024 (Q2)	0.61 / 3.49	1.16	200.86% (+2.33)
May 14, 2024	2024 (Q1)	0.67 / 0.81	0.83	-2.41% (-0.02)
Feb 28, 2024	2023 (Q4)	0.71 / 0.95	-0.38	350.00% (+1.33)
Nov 27, 2023	2023 (Q3)	0.83 / 1.10	-0.36	405.56% (+1.46)	―
Aug 15, 2023	2023 (Q2)	0.80 / 1.16	-0.32	462.50% (+1.48)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SDRL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$29.64	$28.17	-4.96%
May 12, 2025	$23.93	$24.52	+2.47%
Feb 26, 2025	$27.54	$26.01	-5.56%
Nov 12, 2024	$39.17	$39.64	+1.20%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Seadrill Limited (SDRL) report earnings?

Seadrill Limited (SDRL) is schdueled to report earning on Nov 05, 2025, Before Open (Confirmed).

What is Seadrill Limited (SDRL) earnings time?

Seadrill Limited (SDRL) earnings time is at Nov 05, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SDRL EPS forecast?

SDRL EPS forecast for the fiscal quarter 2025 (Q3) is 0.26.

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