Seadrill reports Q3 2026 loss, raises full‑year revenue guidance and adds $800 M of contracts
Seadrill Ltd announced third‑quarter 2026 results on 3 Nov 2026. The company posted a net loss of $30 million, or $0.49 per share, and adjusted EBITDA of $121 million. Revenue was $428 million, up 17.9% year‑over‑year. Management highlighted $800 million of new contract awards and extensions, raising full‑year revenue guidance to $1.56‑$1.58 billion and adjusted EBITDA guidance to $440‑$460 million, while repurchasing about $22 million of shares.
Why it matters
The loss and modest earnings may pressure the stock, but the higher revenue guidance and strong cash generation from $179 million of free cash flow give investors clearer visibility into 2027 earnings. Analysts note the raised guidance and $800 million of contract backlog as supportive for future cash flow.
Key facts
- 1Net loss of $30 million, including a legal provision, was reported for Q3 2026. sec.gov
- 2Adjusted EBITDA for the quarter was $121 million. sec.gov
- 3Revenue for the quarter was $428 million, a 17.9% increase year‑over‑year. finance.yahoo.com
- 4Free cash flow generated in the quarter was $179 million. sec.gov
- 5Approximately $22 million of shares were repurchased in Q3 2026. sec.gov
- 6New contract awards and extensions added about $800 million of total contract value. sec.gov
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.