Seadrill Ltd Dossier
Outlook & Key Dates
Estimates, guidance, catalysts, and upcoming events
Analyst Estimates Learn more →
Analyst Coverage
9analysts covering
FY Revenue (est.)
$1.5Bnext fiscal year
Reporting Calendar
| Event | Expected Date |
|---|---|
| Q3 2026 Earnings Release | 3 Nov 2026 |
Monitoring Framework
Key Performance Indicators
Contract Backlog Quarterly3.1BTarget: Maintain or expand backlog above $3.0 billion through strategic contract extensions
Adjusted EBITDA Margin Quarterly2,710.0%Target: Improve toward 30% as higher-rate contracts commence
Economic Utilization Quarterly9,460.0%Target: Maintain above 95% across active fleet
Watch Items
- Petrobras mobilization receipts and cash inflectionTrigger: Receipt of approximately $70 million in mobilization paymentsAction: Monitor free cash flow improvement in mid-2026 to support capital allocation and potential shareholder returns
- Senior Unsecured Notes RefinancingTrigger: Pricing and issuance of upsized $700 million senior notes due 2034Action: Verify redemption of outstanding 8.375% Senior Secured Second Lien Notes due 2030 to extend maturity profile
Research as of 20 Jun 2026