Seadrill Limited — Third Quarter 2026 Earnings Summary

Seadrill Limited reported a net loss of $30 million and Adjusted EBITDA of $121 million for the third quarter of 2026, driven by fewer operating days for several vessels. The company generated $195 million in net cash from operating activities and $179 million in free cash flow, while repurchasing approximately $22 million in shares. Subsequent to the August fleet status report, Seadrill secured contract awards and extensions totaling approximately $800 million in Indonesia, Malaysia, Angola, and the U.S. Gulf. Consequently, the company increased its full-year 2026 total operating revenue guidance to $1.56–$1.58 billion and Adjusted EBITDA guidance to $440–$460 million.