The modest revenue decline and legal payment are near-term headwinds, but the $500 million in new contracts and 2026 guidance suggest improving fundamentals. Monitor 2026 execution against guidance, particularly Adjusted EBITDA margin trends.
Price Chart
Executive Summary
Seadrill reported a net loss of $10 million in Q4 2025 with $362 million in revenue, down slightly from the prior quarter. The company secured $500 million in new contract awards and provided 2026 guidance of $1.40-$1.45 billion in revenue and $350-$400 million in Adjusted EBITDA. A $43 million legal payment related to the Sonadrill joint venture impacted cash flow.
Key Financial Metrics
Key Facts
- Q4 2025 revenue was $362 million, down from $363 million in Q3 2025
- Q4 net loss was $10 million, compared to $11 million in Q3
- Secured $500 million in new contract awards across seven rigs
- 2026 guidance: $1.40-$1.45 billion revenue, $350-$400 million Adjusted EBITDA
- $43 million payment made for unfavorable legal judgment related to Sonadrill joint venture
Financial Impact
Revenue decreased slightly QoQ, full year 2026 revenue guidance suggests modest growth from 2025's $1.437 billion
Risk Factors
- Continued net losses despite revenue stability
- $43 million legal payment indicates ongoing joint venture liabilities
- Execution risk on 2026 guidance
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001737706-26-000006 |
| Document: sdrl-20260225.htm | 0001737706-26-000006 |
| Document: 0001737706-26-000006-index-headers.html | 0001737706-26-000006 |
| Document: 0001737706-26-000006-index.html | 0001737706-26-000006 |
| Document: 0001737706-26-000006.txt | 0001737706-26-000006 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 30, 2026 13w ago | 8-K | $38.85 $46.48 | ▲ +19.64% | ▲ +16.77% | $45.06 (+15.98%) |
Jun 22, 2026 14w ago | 8-K | $39.77 $47.84 | ▲ +20.29% | ▲ +17.05% | $45.06 (+13.30%) |
Jun 15, 2026 15w ago | 8-K | $42.39 $48.02 | ▲ +13.28% | ▲ +12.28% | $45.06 (+6.30%) |
Jun 12, 2026 16w ago | Insider Cluster | $44.25 $48.21 | ▲ +8.95% | ▲ +5.69% | $45.06 (+1.83%) |
Jun 5, 2026 17w ago | 8-K | $44.38 $48.72 | ▲ +9.78% | ▲ +5.78% | $45.06 (+1.53%) |
Feb 25, 2026 31w ago | 8-K | $43.26 $51.63 | ▲ +19.35% | ▲ +11.60% | $45.06 (+4.16%) |
US Market Status
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