$SDRL

Seadrill said its rigs and drillships secured new contracts and extensions totaling about $200M. The West Vela drillship won a one-year Talos Energy deal worth about $161M, starting June 2027. Sevan Louisiana got a 45-day extension with Walter Oil & Gas, and West Capella extended with PTTEP for about $26M. Seadrill backlog is about $2.9B as of Aug 10, 2026.

Seadrill (SDRL) reported Q2 2026 adjusted EBITDA of $144 million and operating revenues of $449 million. Management raised full-year 2026 revenue guidance to $1.5 billion to $1.55 billion and EBITDA to $420 million to $450 million. The company added about $200 million to backlog, repurchased $20 million of shares, and completed a $700 million 6.75% notes refinancing.

Seadrill Limited reported Q2 2026 results and said contract awards and extensions added about $200 million to its backlog after its May fleet status report. West Vela added ~$161 million, West Capella ~$26 million, and Sevan Louisiana added ~$45 million. Net income was $29 million, adjusted EBITDA $144 million. Full-year guidance raised to $1.50-$1.55B revenue and $420-$450M EBITDA.

Stocks including Helmerich & Payne, Range Resources, Valaris, Liberty Energy and Seadrill rose after Brent rebounded from below $80 to the mid-$80s. The move followed reports of a 33% drop in Strait of Hormuz traffic and Iran reviewing a bill to permanently ban hostile vessels. Oilfield and E&P shares gained on higher oil risk expectations.

Seadrill said it won new work and extensions for three offshore rigs. Talos awarded a one-year contract for the drillship West Vela starting June 2027, adding about $161m to backlog. The drillship West Capella got a PTTEP extension adding about $26m. Sevan Louisiana received about 45 days from Walter Oil & Gas. Seadrill reported backlog of about $2.9bn as of Aug 10.

Seadrill (NYSE: SDRL) is set to report earnings Monday. The company previously beat revenue expectations with $358 million in Q1 revenue, up 6.9% year on year. For the upcoming quarter, analysts expect revenue growth of 4.6% y/y. The article cites an average analyst price target of $56.25 versus $43.20.

SEADRILL Ltd (SDRL) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 seadrillpressreleaseq22026.htm EX-99.1 SEADRILL LIMITED 2Q 2026 PRESS RELEASE Document Exhibit 99.1 Seadrill Announces Second Quarter 2026 Results Hamilton, Bermuda, August 10, 2026 - Seadrill Limited (“Seadrill” or the “Company”) (NYSE: SDRL) today announced its second

Seadrill has contracted Huisman to supply an AS605X Auto Slip system, designed to support more automated drill floor operations. The technology automates handling of drillpipe slips, reducing the need for manual intervention during critical drilling operations, Huisman explained. By removing personnel from certain manual handling tasks on the drill floor, automated systems can help reduce exposure to one of the most active and potentially hazardous areas of offshore drilling operations.

Huisman said it signed a contract with Seadrill to supply an AS605X Auto Slip system to automate drill pipe slip handling, reducing manual work in the red zone and improving drill floor safety and efficiency. Huisman estimates up to 2.5 days faster well construction on a typical 60-day well. The system supports loads up to 1,130 mt and tubulars from 5 in. to 9.5 in.

Stocks including Talos Energy (TALO), Northern Oil and Gas (NOG), and Seadrill (SDRL) fell after WTI crude dropped 2.2% to about $71.88 and Brent slipped below $77. The move followed U.S. confirmation of secondary strikes on Iran and Trump saying the ceasefire ended, while tanker traffic through the Strait of Hormuz reportedly continued. Talos also discussed its $850m Gulf asset deal and $800m notes offering.