Seadrill (NYSE:SDRL) Posts Earnings Results, Beats Estimates By $0.18 EPS

Posted by Geri Gentry on Aug 11th, 2026

Seadrill (NYSE:SDRL – Get Free Report) posted its earnings results on Monday. The oil and gas company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.18, FiscalAI reports. The company had revenue of $430.00 million during the quarter, compared to analysts’ expectations of $388.46 million. Seadrill had a negative net margin of 4.79% and a negative return on equity of 1.84%.

Here are the key takeaways from Seadrill’s conference call:

Strong second-quarter results: Seadrill reported $449 million in operating revenue and $144 million in adjusted EBITDA, driven by higher utilization, more operating days, and improved day rates. Management raised full-year 2026 guidance to $1.5–$1.55 billion of revenue and $420–$450 million of EBITDA.
Backlog and contracting momentum improved: The company added approximately $200 million of backlog since May, including a 12-month, roughly $161 million West Vela contract with Talos and a 75-day West Capella option extension. Seadrill said year-to-date U.S. Gulf backlog additions are approaching $500 million.
Deepwater market outlook is tightening: Management expects drillship utilization could reach the mid-90% range in 2027, supported by rising offshore project FIDs, renewed exploration activity, and limited new rig supply. Seadrill believes these conditions could support higher day rates and greater scarcity of high-specification floaters.
Cash generation and capital returns are expected to strengthen: Major project outflows are largely complete, while higher-rate West Jupiter, West Capella, and West Tellus contracts should support second-half free cash flow. Seadrill resumed share repurchases with $20 million of buybacks in June and has $208 million remaining under its authorization, subject to board approval and market conditions.
Near-term visibility remains uneven: Sevan Louisiana has limited revenue visibility for the remainder of 2026, and management is not including additional upside for the rig in its forecast. West Carina and West Gemini also require follow-on work, while higher repair and maintenance spending is expected in the second half.

Seadrill Price Performance

Seadrill stock opened at $46.59 on Tuesday. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of -41.53 and a beta of 1.21. Seadrill has a 52-week low of $28.02 and a 52-week high of $55.47. The stock’s 50 day moving average price is $42.03 and its two-hundred day moving average price is $44.11. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.94 and a current ratio of 1.94.

Analysts Set New Price Targets

A number of research firms recently commented on SDRL. Capital One Financial set a $55.00 price target on Seadrill and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Weiss Ratings reissued a “sell (d+)” rating on shares of Seadrill in a report on Tuesday, June 30th. Fearnley Fonds upgraded shares of Seadrill from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Barclays raised shares of Seadrill from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $41.00 to $59.00 in a research note on Thursday, May 7th. Finally, BTIG Research increased their target price on Seadrill from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $55.00.

Get Our Latest Research Report on SDRL

More Seadrill News

Here are the key news stories impacting Seadrill this week:

Positive Sentiment: Seadrill reported $0.47 in quarterly EPS, well above the $0.29 analyst consensus and a significant improvement from a $0.68 loss per share in the year-ago period. Revenue of $430 million also exceeded expectations of $388.46 million. Seadrill Q2 Earnings and Revenues Beat Estimates
Positive Sentiment: The company increased its full-year 2026 revenue guidance to approximately $1.5 billion-$1.6 billion, supporting expectations for stronger operating performance. Seadrill Announces Second Quarter 2026 Results
Positive Sentiment: Management’s earnings call was characterized as signaling a strong turnaround, which may reinforce confidence that Seadrill’s results are improving after prior losses. Seadrill Limited Earnings Call Signals Strong Turnaround
Positive Sentiment: The earnings surprise triggered a sharp upward opening in the shares, indicating that investors are responding favorably to the improved profitability and outlook. Seadrill Shares Gap Up After Better-Than-Expected Earnings

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV acquired a new stake in Seadrill in the fourth quarter worth $244,000. Elliott Investment Management L.P. raised its holdings in shares of Seadrill by 23.1% during the fourth quarter. Elliott Investment Management L.P. now owns 4,558,758 shares of the oil and gas company’s stock valued at $157,733,000 after purchasing an additional 855,012 shares during the period. Empowered Funds LLC boosted its position in shares of Seadrill by 35.1% during the 4th quarter. Empowered Funds LLC now owns 285,631 shares of the oil and gas company’s stock worth $9,883,000 after purchasing an additional 74,250 shares in the last quarter. SummitTX Capital L.P. grew its stake in shares of Seadrill by 2,972.8% in the 4th quarter. SummitTX Capital L.P. now owns 312,385 shares of the oil and gas company’s stock valued at $10,809,000 after buying an additional 302,219 shares during the period. Finally, Odyssean LLC acquired a new stake in Seadrill in the fourth quarter valued at approximately $282,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

About Seadrill

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Seadrill Limited, trading on the New York Stock Exchange under the symbol SDRL, is a leading provider of offshore drilling services to the global oil and gas industry. The company specializes in the design, construction, deployment and operation of mobile offshore drilling units, serving major exploration and production companies with turnkey drilling solutions.

Seadrill’s fleet comprises ultra-deepwater drillships, semi-submersible rigs and high-specification jack-up units capable of operating in some of the world’s most challenging offshore environments.