Every material Form 8-K SEADRILL Ltd has filed with the SEC since June 30, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Seadrill reported a third-quarter 2026 net loss of $30 million, or $0.49 per diluted share, compared with net income of $29 million in the second quarter. The company said the loss includes a legal provision booked in the third quarter. It also raised its full-year 2026 revenue and Adjusted EBITDA guidance, which matters to shareholders because it points to higher expected earnings for the year despite the quarter's loss.
Net loss of $30 million for the quarter ended September 30, 2026, versus net income of $29 million in the quarter ended June 30, 2026; the loss includes a legal provision booked in the third quarter
Total operating revenues were $428 million, down from $449 million in the prior quarter and up from $363 million a year earlier; Adjusted EBITDA was $121 million, down from $144 million
Full-year 2026 total operating revenues guidance raised to $1.56 - $1.58 billion excluding $90 million of reimbursable revenues; Adjusted EBITDA guidance raised to $440 - $460 million
Free Cash Flow of $179 million in the quarter; about $22 million of shares repurchased; contract backlog of about $3.3 billion as of November 3, 2026
Seadrill reported second quarter 2026 total operating revenues of $449 million, up from $358 million in the first quarter, and net income of $29 million, compared with a net loss of $42 million a year earlier. The company raised its full-year 2026 total operating revenues guidance to $1.50 to $1.55 billion and its Adjusted EBITDA guidance to $420 to $450 million, while its share repurchase program was extended through December 31, 2026.
Q2 2026 net income of $29 million ($0.47 diluted EPS) versus a net loss of $42 million in Q2 2025; Adjusted EBITDA was $144 million versus $97 million in Q1 2026.
Full-year 2026 total operating revenues guidance raised to $1.50 to $1.55 billion from $1.43 to $1.48 billion; Adjusted EBITDA guidance raised to $420 to $450 million from $370 to $420 million.
Approximately $200 million added to Contract Backlog after the May fleet status report; backlog was approximately $2.9 billion as of August 10, 2026.
Free Cash Flow was negative $43 million in Q2 2026, and net debt was $390 million at quarter-end.
Seadrill Finance Limited, a wholly owned subsidiary of Seadrill Limited, issued $700 million of 6.750% senior notes due 2034 on June 30, 2026. The company used part of the proceeds to deposit funds that fully cover the redemption of its remaining 8.375% senior secured second lien notes due 2030, discharging that indenture, and it also reported an amended revolving credit facility that increased commitments from $225 million to $300 million, effective June 30, 2026 and undrawn to date.
$700 million of 6.750% senior notes issued June 30, 2026, maturing July 15, 2034
Proceeds deposited to redeem all outstanding 8.375% 2030 notes, of which about $575 million was outstanding as of March 31, 2026
Revolving credit facility commitments increased from $225 million to $300 million, effective June 30, 2026, with no draws to date
Notes callable on or after July 15, 2029 at 103.375% in 2029 and 101.688% in 2030
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every SEADRILL Ltd filing is on SEC EDGAR ↗. 8-K briefs of other companies →