Seadrill Q1 FY26 net loss narrows to USD 7 million; adjusted EBITDA rises to USD 97 million

Seadrill Limited

Seadrill Limited

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  • Seadrill posted a net loss of USD 7 million, narrowing from a USD 10 million loss in prior quarter, on total operating revenues of USD 358 million.
  • Adjusted EBITDA rose to USD 97 million from USD 88 million, with adjusted EBITDA margin excluding reimbursables widening 2.5 percentage points to 27.9%.
  • Contract backlog climbed to about USD 3.1 billion after multiple awards added more than USD 860 million since February, including a USD 480 million extension for West Polaris in Brazil.
  • West Capella and West Jupiter projects finished ahead of schedule and on budget, with management pointing to higher earnings and free cash flow in second half of 2026 and into 2027.
  • Full-year 2026 guidance increased for total operating revenues to USD 1.43 billion-USD 1.48 billion, adjusted EBITDA lifted to USD 370 million-USD 420 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Seadrill Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260510391490) on May 11, 2026, and is solely responsible for the information contained therein.

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