Seadrill Q2 Revenue Tops Estimates by 19%, Raises Full-Year Guidance
SDRL sits 57% above its 52-week low of $27.601.
Summary
Seadrill delivered a strong Q2 beat, with revenue of $449M surpassing consensus by 19% and adjusted EBITDA of $144M well above the $104M estimate. Higher operating days and improved dayrates drove the outperformance, with fleet utilization at 96%. Management raised full-year guidance: revenue now seen at $1.50-$1.55B and adjusted EBITDA at $420-$450M, signaling confidence in sustained demand. The company also extended its share buyback program and repurchased $20M in stock during the quarter. This follows a series of insider sales in June and a $700M debt refinancing completed in late June, but the operational momentum and guidance raise are fresh positives. The stock trades at 21x forward earnings, down from 35x three months ago, suggesting room for re-rating if execution continues.
At the time of this announcement, SDRL was trading at $43.24 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2.7B. The 52-week trading range was $27.60 to $55.47. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.