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Seadrill Limited (SDRL)
NYSE:SDRL
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.31Last Year’s EPS
0.95Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Sep 01, 2022
|% Change Since: -3.63%
|Next Earnings Date:May 25, 2022
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with strong financial performance and strategic progress countered by market challenges and revenue declines. The company is positioned well for 2025 despite anticipated competitive pressures.Company Guidance
During Seadrill's Q3 2024 earnings call, the company announced that their third-quarter results exceeded expectations, delivering $93 million in adjusted EBITDA. Consequently, the full-year EBITDA guidance midpoint was increased by 13% to $385 million. The progress on Brazil projects, along with securing additional work, played a crucial role in surpassing previous guidance. Seadrill's operational focus remains on their premium assets within the Golden Triangle, achieving 70% contract utilization for 2025. The company emphasized its strategy of maintaining a strong balance sheet and optimizing operations by reducing bureaucracy and enhancing leadership roles offshore. Additionally, Seadrill completed $183 million in share repurchases in the third quarter, totaling $692 million since September 2023, effectively reducing their issued share count by 19%. They expect full-year revenues to be approximately $1.4 billion and CapEx between $420 million and $440 million.Exceeded Quarterly Expectations
Seadrill delivered $93 million in adjusted EBITDA, surpassing expectations and increasing the EBITDA guidance midpoint by 13% to $385 million.
Efficient Project Progress in Brazil
Projects in Brazil progressed well, with the West Auriga and West Polaris on track to begin new contracts in December, boosting future EBITDA and cash flow.
Successful Share Repurchase Program
Reduced issued share count by 19% since September '23, returning a total of $692 million to shareholders.
Strong Contract Utilization
Secured 70% contract utilization for 2025, positioning the company well despite market volatility.
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SDRL Earnings History
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
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SDRL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $39.17 | $39.64 | +1.20% |
| Aug 05, 2024 | $46.96 | $44.37 | -5.52% |
| May 14, 2024 | $51.62 | $50.99 | -1.22% |
| Feb 28, 2024 | $42.29 | $42.20 | -0.21% |
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.
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FAQ
When does Seadrill Limited (SDRL) report earnings?
Seadrill Limited (SDRL) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Seadrill Limited (SDRL) earnings time?
Seadrill Limited (SDRL) earnings time is at Feb 27, 2025, TBA Not 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 2024 (Q4) is -0.31.
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