Seadrill LtdSDRLEarnings & Financial Report
Seadrill is an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry. Its primary business is the ownership and operation of drillships, semi-submersible rigs, and jack-up rigs for operations in shallow to ultra-deep water in both benign and harsh environments. It provides a contract-based service and primarily serves the oil super-majors, integrated oil and gas, state-owned national oil, and independent oil and gas companies.
Revenue
$329.0M
Gross Profit
N/A
Operating Profit
$109.0M
Net Profit
$94.0M
Gross Margin
N/A
Operating Margin
33.1%
Net Margin
28.6%
YoY Growth
80.8%
EPS
$1.16
Seadrill Ltd Q2 FY2023 Financial Summary
Seadrill Ltd reported revenue of $329.0M (up 80.8% YoY) for Q2 FY2023, with a net profit of $94.0M (up 361.1% YoY) (28.6% margin).
Key Financial Metrics
| Total Revenue | $329.0M |
|---|---|
| Net Profit | $94.0M |
| Gross Margin | N/A |
| Operating Margin | 33.1% |
| Report Period | Q2 FY2023 |
Revenue Breakdown
Seadrill Ltd Q2 FY2023 revenue of $329.0M breaks down across 6 segments, led by Aquadrill LLC at $131.0M (39.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Aquadrill LLC | $131.0M | 39.8% |
| Other | $124.0M | 37.7% |
| Related Party Revenue Management Fees | $55.0M | 16.7% |
| Reimbursable | $9.0M | 2.7% |
| Related Party Revenue Reimbursable Revenue | $7.0M | 2.1% |
| Related Party Expenses Other | $3.0M | 0.9% |
Seadrill Ltd Annual Revenue by Year
Seadrill Ltd annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.1B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.1B |
Seadrill Ltd Quarterly Revenue & Net Profit History
Seadrill Ltd results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $273.0M | — | $-10.0M | -3.7% |
| Q3 FY2025 | $280.0M | +6.5% | $-11.0M | -3.9% |
| Q2 FY2025 | $288.0M | +7.9% | $-42.0M | -14.6% |
| Q1 FY2025 | $248.0M | -9.8% | $-14.0M | -5.6% |
| Q3 FY2024 | $263.0M | — | $32.0M | 12.2% |
| Q2 FY2024 | $267.0M | -18.8% | $253.0M | 94.8% |
| Q1 FY2024 | $275.0M | — | $60.0M | 21.8% |
| Q2 FY2023 | $329.0M | +80.8% | $94.0M | 28.6% |
Income Statement
| Q2 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $329.0M | $275.0M | $267.0M | $263.0M | $248.0M | $288.0M | $280.0M | $273.0M |
| YoY Growth | 80.8% | N/A | -18.8% | N/A | -9.8% | 7.9% | 6.5% | N/A |
Balance Sheet
| Q2 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $4.04B | N/A | $4.30B | N/A | $4.06B | $4.07B | $4.07B | $3.95B |
| Liabilities | $958.0M | N/A | $1.24B | N/A | $1.16B | $1.20B | $1.20B | $1.09B |
| Equity | $3.08B | $2.93B | $3.06B | $2.91B | $2.91B | $2.87B | $2.87B | $2.86B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $29.0M | $79.0M | $-27.0M | $-27.0M | $11.0M | $28.0M | $-40.0M |