NYSE$SDRL
Seadrill Ltd · Q1 2026 earnings
Q1 2026 earnings ·
Briefing
Seadrill reported Q1 2026 operating revenues of $358M (+3% YoY), operating profit of $24M, and a net loss of $7M ($0.11 diluted loss per share).
For the three months ended March 31, 2026, Seadrill posted total operating revenues of $358 million, up from $335 million, with contract revenues of $277 million. Operating profit was $24 million versus $18 million; however, income tax expense of $23 million and net financial charges produced a net loss of $7 million (diluted loss per share $0.11), compared with a $14 million net loss a year ago.
- Operating revenues $358M (+7%); contract revenues $277M.
- Operating profit $24M; EBITDA trends supported by fleet utilization.
- Net loss narrowed to $7M from $14M; diluted LPS $0.11 vs. $0.23.
- Depreciation and amortization $71M; management contract revenues $63M.
- Cash $304M; long-term debt $614M at quarter end.
Headline financials
Revenue & EPS history
Seadrill Ltd · Revenue · Quarterly
$358M
Forward guidance
Seadrill discusses backlog, day rates, and capital allocation in MD&A without issuing formal quarterly EPS guidance in the 10-Q.
Tailwinds
- Operating profit improved on higher revenues.
- Net loss narrowed year over year.
Headwinds
- Still reporting a bottom-line loss despite positive operating profit.
- Tax and interest expense remain significant headwinds.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 4 quarterly earnings reports · overlaid with Q1 2026
-1.9%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+4.9%
Avg return
30 days after
40%
2 / 5 earnings
Positive
+3.3%
Q1 2026
Best reaction
-6.1%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.3% | +8.9% | -7.5% | |
| Q4 2025 | -4.3% | -5.1% | +0.4% | |
| Q3 2025 | -6.1% | +0.3% | +3.6% | |
| Q2 2025 | -5.0% | -2.7% | +10.5% | |
| Q1 2025 | +2.5% | +1.2% | +17.3% |
Discussion
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