Seadrill to Report Third-Quarter Results After Market Close, Discuss Them on November 4
Key Facts
Seadrill is scheduled to publish its third-quarter 2026 results on Tuesday, November 3, after the New York Stock Exchange closes, the company said. The available information did not include reliable confirmation of figures attributed to that quarter’s results. The company scheduled a call to discuss the results for Wednesday, November 4. The call follows Seadrill’s upward revision to its full-year financial guidance in August, as its outlook for future revenue rests on new and extended rig contracts. The results and discussion are expected to provide an updated view of the company’s performance in the quarter ended.
In its latest reported quarterly results, Seadrill posted total operating revenues of $449 million in the second quarter of 2026, compared with $358 million in the first quarter. Net income was $29 million, following a loss of $7 million in the previous quarter, according to the company’s statement. Seadrill attributed the revenue growth mainly to more operating days for the West Jupiter and West Capella rigs. An improvement in the average day rate across the fleet also supported quarterly revenue. This was partly offset by fewer operating days for the West Tellus rig, the company said.
In August, Seadrill raised its 2026 total operating revenue guidance range to $1.50–1.55 billion and increased its adjusted EBITDA guidance range to $420–450 million. These annual estimates provide a framework for comparing the new quarterly results with the company’s targets, while the available information included no confirmed third-quarter figures. The company’s contract backlog stood at about $2.9 billion as of August 10. In a subsequent announcement dated October 12, Seadrill said more than 85% of available rig days across its fleet were contracted. It added that new contracts improve revenue visibility in 2027.
The October 12 announcement included an extension of the West Carina rig contract in Indonesia, valued at about $420 million for the estimated firm term of about 880 days. The agreement includes priced options for additional terms of up to 880 days. The chief executive said the contract reflects the company’s effort to reprice three legacy contracts in line with current market levels. Details of the quarterly results will put the business’s performance before investors alongside those contracts and the annual guidance. The scheduled call will take place on November 4 at 08:00 Central U.S. time, or 15:00 Central European time, according to Seadrill.
In the last trading session before the announced results date, SDRL shares closed at $47.73 on November 2, according to EL7 data. The information provided included no verified high or low prices for the stock during that session. It also included no confirmed data on the share’s movement after the third-quarter results were published. The company’s call the following day will be an opportunity to discuss the figures with investors. They are focused on how the actual results compare with the annual guidance range and the reported contract backlog.