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Seadrill SDRL Q1 2026 earnings

Reported May 11, 2026 · Before market open

Revenue$358.0MBeat by $31.2M
EPS-$0.11Miss by $0.01
Revenue estimate$326.8M
EPS estimate-$0.10

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$383.8M
EPS estimate$0.17

Financials

Q1 2026

Income statement

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Revenue$358.0M+6.9%
Operating income$24.0M+33.3%
Net income-$7.0M+50.0%
EPS (diluted)-$0.11+52.2%

Balance sheet

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Cash & equivalents$329.0M-23.5%
Total debt$631.0M+2.1%
Total equity$2.9B-2.0%
Total assets$4.0B-1.7%

Cash flow

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Operating cash flow-$22.0M+18.5%
CapEx$13.0M-71.1%
Free cash flow-$35.0M+51.4%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$2.84B+82.8%
Enterprise value$3.14B+80.4%
P/S1.9×+0.8×

Profitability

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Operating margin3.8%-22.3pp
Net margin-4.8%-32.3pp
FCF margin-7.5%-1.8pp

Returns & leverage

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Return on equity-2.4%-15.2pp
Debt / equity0.2×0.0×
Current ratio1.9×-0.1×

FAQ

When did Seadrill report Q1 2026 earnings?
Seadrill (SDRL) reported Q1 2026 earnings on May 11, 2026 before market open.
What were Seadrill's Q1 2026 revenue and EPS?
Seadrill reported revenue of $358.0M and eps of $-0.11 for Q1 2026.
Did Seadrill beat estimates in Q1 2026?
Revenue beat the consensus estimate of $326.8M by $31.2M. EPS missed the consensus estimate of $-0.10 by $0.01.
How did Seadrill's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 6.9% from $335.0M a year earlier and eps grew 52.2% from $-0.23.
Where can I find Seadrill's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001737706-26-000013) and the 10-Q periodic report (0001737706-26-000016) directly on SEC EDGAR. The filing index links above go to sec.gov.