SDRL
Seadrill Limited30.13
-1.86-5.81%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.88BP/E (TTM)
64.11Basic EPS (TTM)
0.47Dividend Yield
0%Recent Filings
8-K
8-K
Executive salary increases approved
Seadrill Limited's board approved base salary increases for key executives effective September 15, 2025, including $465,000 for CFO Grant Creed and $440,000 each for Chief Commercial Officer Samir Ali and Chief Technology & Sustainability Officer Torsten Sauer-Petersen, whose role expanded on August 27, 2025. These adjustments reflect evolving responsibilities amid the offshore drilling sector's demands. No other compensatory changes disclosed. Executives earn more now.
10-Q
Q2 FY2025 results
Seadrill's Q2 2025 10-Q filing primarily details amendments to its 2022 Management Incentive Plan, focusing on performance-based and time-vested restricted stock units for executives and directors, tied to total shareholder return and cumulative free cash flow metrics over multi-year periods. No financial statements or operational results are included in the provided document, so revenue, profitability, or liquidity deltas remain undisclosed. The plan emphasizes vesting upon achievement of TSR thresholds from 50% to 200% payout and free cash flow targets at 85-125% of budget, with pro-rata adjustments for qualifying terminations. Shares outstanding stood at 62,225,383 as of August 1, 2025. These incentives align management with shareholder value. Yet regulatory approvals for director pay could void awards if unmet. Competition in offshore drilling pressures margins.
8-K
Seadrill Q2 loss amid contract wins
Seadrill reported a Q2 2025 net loss of $42 million but boosted Adjusted EBITDA to $106 million, up from $73 million in Q1, driven by $288 million in contract revenues and 93.4% economic utilization. New U.S. Gulf contracts for West Vela (90 days from mid-November) and Sevan Louisiana (through November) signal growing demand, while $419 million cash supports a low 0.77 net leverage. Backlog hit $2.5 billion. Yet, a $51 million legal hit dented profits.
8-K
Seadrill hit with $53M liability
Seadrill lost a High Court judgment on July 11, 2025, in a $72 million breach of contract claim tied to its 2019 Sonadrill joint venture in Angola. The company estimates liability up to $53 million, excluding potential legal fees, with a $10 million hit to 2025 Adjusted EBITDA. Seadrill is eyeing an appeal. This drags on earnings amid offshore drilling volatility.
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