SDRL Stock Recent News

Seadrill's (SDRL) West Capella drillship wins a one-well contract in South Korea and West Neptune drillship secures a contract extension in the U.S. Gulf of Mexico.

HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) will report its first quarter 2024 results on Tuesday, May 14 after the NYSE closes for trading. The Company will host a conference call to discuss its results on Wednesday, May 15 at 09:00 CT / 16:00 CET. Interested participants may join the call by dialing +1 (800) 715-9871 (Conference ID: 5348977) at least 15 minutes prior to the scheduled start time. The Company will webcast the call li.

Leading offshore driller Seadrill reported fourth quarter and full-year 2023 results in line with management's projections. While the company generated $92 million in free cash flow, margins were impacted by a material increase in operating expenses. Seadrill authorized a new $250 million share buyback program and expects a year of transition in 2024 with elevated out-of-service time and reduced profitability.

Seadrill Limited (SDRL) Q4 2023 Earnings Call Transcript

HAMILTON, Bermuda--(BUSINESS WIRE)--February 5, 2024-- Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) will report its fourth quarter and full year 2023 results on Wednesday, February 28, 2024 after the NYSE closes for trading. The Company will host a conference call to discuss its results on Thursday, February 29, 2024 at 09:00 CST / 16:00 CET. Interested participants may join the call by dialing +1 (888) 660-6819 (Passcode: 7310670) at least 15 minutes prior to the sched.

Seadrill (SDRL) secures new contracts and a contract extension for its West Vela and West Capella drillships, while also providing an update for the West Auriga drillship.

Seadrill Limited (NYSE:SDRL ) Q3 2023 Earnings Conference Call November 28, 2023 10:00 AM ET Company Participants Benjamin Wiseman - Corporate Finance Manager & Investor Relations Simon Johnson - President & Chief Executive Officer Samir Ali - Executive Vice President & Chief Commercial Officer Grant Creed - Executive Vice President & Chief Financial Officer Leif Nelson - Executive Vice President & Chief Operating and Technology Officer Conference Call Participants Greg Lewis - BTIG Eddie Kim - Barclays Fredrik Stene - Clarkson Securities Vahid Khorsand - BWS Financial Truls Olsen - Fearnley Securities Operator Good morning, and welcome to Seadrill's Third Quarter 2023 Earnings Call. All participants are in a listen-only mode.

Seadrill Ltd (NYSE:SDRL) shares traded higher in Tuesday's premarket deals, up 4.53% changing hands at $44.50, after the offshore oil and gas contractor confirmed a robust third quarter performance. The driller reported $151 million of earnings (Adjusted EBITDA) or $1.10 per share, on $414 million of revenue – exceeding Wall Street forecasts for 83 cents and $396.25 million respectively.

Seadrill (SDRL) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

After marking a new 52-week high in early September, shares of leading offshore driller Seadrill Limited have retreated by almost 20% in recent weeks. The setback would have likely been much worse without the company aggressively buying back shares in the open market under its recently announced $250 million share repurchase program. In a recent presentation, the company warned of near-term headwinds from increased idle time, inflationary pressures, and heavy maintenance requirements.