Seadrill Q2 revenue rises 19% to $449 million
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Seadrill (NYSE:SDRL) reported Q2 2026 operating revenue of $449 million, up 19.1% year over year, with net income of $29 million and adjusted EBITDA of $144 million.
Seadrill (NYSE:SDRL) reported Q2 2026 operating revenue of $449 million, up 19.1% year over year, with net income of $29 million and adjusted EBITDA of $144 million.
Seadrill (NYSE:SDRL) shares climbed Wednesday after the offshore driller announced a series of new contracts and extensions worth approximately $235 million, highlighted by the strategic reactivation of a key drillship in Southeast Asia.
Seadrill (NYSE:SDRL) has significantly strengthened its long-term revenue outlook, announcing a 1,095-day contract extension with Petrobras for the ultra-deepwater drillship West Polaris in the prolific Búzios field.
Seadrill (NYSE:SDRL) posted first-quarter 2026 adjusted EBITDA of $97 million, surpassing the $88 million recorded in the previous quarter, even as total operating revenues saw a marginal decline.
Seadrill (NYSE:SDRL) has significantly bolstered its presence in the U.S. Gulf of Mexico, announcing two new contract awards with LLOG Exploration Company, a subsidiary of Harbour Energy.
