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Seadrill Limited (SDRL)
NYSE:SDRL
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.72Last Year’s EPS
3.49Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 12, 2025
|% Change Since: 13.00%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with notable achievements in securing endorsements and maintaining a strong financial position. However, challenges such as reduced economic utilization, market uncertainty, and competitive pressures on uncontracted rigs balanced out the positive aspects. The company remains optimistic about future opportunities despite current market challenges.Company Guidance
In the Seadrill Q1 2025 earnings call, the company provided guidance indicating total operating revenues for the full year are expected to range between $1.3 billion and $1.36 billion, excluding reimbursable revenues of $35 million. Adjusted EBITDA is projected to be between $320 million and $380 million, while full-year capital expenditures are anticipated to be between $250 million and $300 million. The company reported first-quarter EBITDA of $73 million and economic utilization of 84%. Seadrill ended the first quarter with cash on hand of $430 million and a durable contract backlog of $2.8 billion extending into 2028 and 2029. The company remains confident in the demand for deepwater drilling and expects to see multiple contract awards in the coming months, despite the current global macro uncertainty and volatility in commodity prices.Recognition of Outstanding Service
Two rigs in Seadrill's fleet received special endorsements: The Sonangol Quenguela was awarded 2024 Rig of the Year by TotalEnergies, and the West Vela received a 2024 Supplier Recognition Award from ConocoPhillips.
Strong Financial Position
Seadrill closed the first quarter with $430 million in cash and a backlog of $2.8 billion extending through 2028 and into 2029.
Increased Operating Revenues
Total operating revenues for Q1 were $335 million, an increase of $46 million from the prior quarter, with contract-earning revenues up $44 million due to additional operating days.
Positive Market Outlook
Active dialogue with clients for opportunities commencing in the second half of 2025 and 2026, with expectations of multiple contract awards in the coming months.
Improved Utilization in April
Despite a dip to 84% in economic utilization due to issues in Brazil, a material improvement in utilization was already seen in April.
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
SDRL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
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% |
Aug 05, 2024 | $46.96 | $44.37 | -5.52% |
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 Aug 06, 2025, TBA Not Confirmed.
What is Seadrill Limited (SDRL) earnings time?
Seadrill Limited (SDRL) earnings time is at Aug 06, 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 2025 (Q2) is 0.72.