Seadrill Posts Adjusted EPS of $0.22, Beats Third-Quarter Estimates
Key Facts
Seadrill reported adjusted earnings of $0.22 per share for the quarter ended in September 2026, beating the Zacks Equity Research consensus estimate of $0.20, according to a Zacks Equity Research report. The result followed an adjusted loss of $0.17 per share in the third quarter of 2025. These figures exclude nonrecurring items, so they measure adjusted earnings per share and do not represent the company’s accounting net result. The positive earnings surprise was 10% compared with estimates. On revenue, the company reported $428 million for the quarter, exceeding Zacks estimates by 12.04%.
Revenue rose from $363 million in the year-earlier period to $428 million in the quarter ended in September 2026, according to Zacks. This growth places the revenue result alongside the earnings-per-share estimate beat, with each figure tied to its own measure and period. Over the previous four quarters, Seadrill beat earnings-per-share estimates three times, the report said. The company beat revenue estimates in all of the previous four quarters. These past results provide context for the company’s track record against analyst estimates without changing the figures for the current quarter.
Compared with the previous quarter, the Zacks report said the market had expected earnings of $0.29 per share, while the company actually reported $0.47, a positive surprise of 62.07%. That differs from the current third-quarter surprise of 10%: the first comparison relates to the previous quarter, while the second relates to the quarter ended in September 2026. The current year-over-year comparison is also against an adjusted loss of $0.17 per share in the third quarter of 2025. The earnings figures in the report remain adjusted to exclude nonrecurring items. The result of $0.22 per share should therefore be read on that adjusted basis, not as an unspecified accounting profit.
For the outlook, the consensus estimate for earnings per share in the next quarter was $0.07, with revenue expected at $369 million, according to Zacks. For the current fiscal year, the report cited an estimate of $0.63 per share and $1.56 billion in revenue. These are consensus estimates, not results reported by the company. The report said the sustainability of the stock’s immediate move after the figures and future earnings expectations would depend largely on management’s comments on the results call. Seadrill scheduled the call to discuss its third-quarter results for November 4 at 08:00 Central Time and 15:00 Central European Time.
Seadrill shares closed at $46.32 on November 3, 2026, according to EL7 data. The closing price puts the stock’s move in the session before the results call scheduled for the following day. The Zacks report said management’s comments on the call would be an important factor in assessing the sustainability of the stock’s immediate move after the results announcement. Consensus estimates for the next quarter and the current fiscal year also show the figures investors are tracking after the third-quarter estimate beat. The call will take place at the time announced by the company to discuss its quarterly results.