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Seadrill SDRL Q2 2026 earnings

Reported August 10, 2026 · Before market open

Revenue$449.0MBeat by $60.5M
EPS$0.47Beat by $0.18
Revenue estimate$388.5M
EPS estimate$0.29
“Seadrill's second quarter performance reflects strong operational, commercial and financial execution, with momentum building across the business. We achieved 96% Economic utilization(4), meaningfully enhanced our contract coverage in the U.S. Gulf and increased our full-year revenue and EBITDA guidance. Demand for our high specification fleet continues to strengthen and contract coverage is improving as we enter a period where our strategic decisions are enabling us to capture the upside in the market.”
Samir Ali

Next report

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

Financials

Q2 2026

Income statement

See full
Revenue$449.0M+19.1%
Operating income$72.0M+1,100%
Net income$29.0M+169%
EPS (diluted)$0.47+169%

Balance sheet

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Cash & equivalents$360.0M-14.1%
Total debt$754.0M+21.8%
Total equity$2.9B-0.2%
Total assets$4.1B+0.9%

Cash flow

See full
Operating cash flow-$18.0M—
CapEx$25.0M+8.7%
Free cash flow-$43.0M-258%

Valuation & ratios

Valuation

as of 09/17/26
See full
Market cap$2.99B+42.3%
Enterprise value$3.39B+47.1%
P/E2,992×+2,965×
P/S2×+0.4×

Profitability

See full
Operating margin8%+2.7pp
Net margin0.1%-5.6pp
FCF margin-9.2%-2.4pp

Returns & leverage

See full
Return on equity0%-2.6pp
Debt / equity0.3×0.0×
Current ratio2.5×+0.6×

FAQ

When did Seadrill report Q2 2026 earnings?
Seadrill (SDRL) reported Q2 2026 earnings on August 10, 2026 before market open.
What were Seadrill's Q2 2026 revenue and EPS?
Seadrill reported revenue of $449.0M and eps of $0.47 for Q2 2026.
Did Seadrill beat estimates in Q2 2026?
Revenue beat the consensus estimate of $388.5M by $60.5M. EPS beat the consensus estimate of $0.29 by $0.18.
How did Seadrill's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 19.1% from $377.0M a year earlier.
Where can I find Seadrill's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001737706-26-000023) and the 10-Q periodic report (0001737706-26-000026) directly on SEC EDGAR. The filing index links above go to sec.gov.