Seadrill Q1 Revenue, EBITDA Beat Estimates; Full-Year Guidance Raised
Summary
Seadrill reported strong first-quarter results, with operating revenue of $358 million and adjusted EBITDA of $97 million, both significantly beating analyst estimates of $325.8 million and $67.31 million, respectively. This positive operational performance also saw the company report a net loss of $0.11 per share, outperforming the projected loss of $0.24 per share from a Reuters report just days prior. Crucially, Seadrill raised its full-year 2026 operating revenue guidance to $1.43-$1.48 billion and adjusted EBITDA guidance to $370-$420 million, indicating robust forward momentum. The beat on key operational metrics and the upward revision of full-year guidance are material positives for the stock, which is currently trading near its 52-week high, and could drive further upside.
At the time of this announcement, SDRL was trading at $49.15 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $3B. The 52-week trading range was $22.30 to $50.24. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.