Seadrill Limited reported second quarter 2026 net income of $29 million, or $0.47 diluted earnings per share, and Adjusted EBITDA of $144 million. The company increased its full-year 2026 guidance for total operating revenues to $1.50–$1.55 billion and Adjusted EBITDA to $420–$450 million. Seadrill refinanced senior notes due in 2030, extending maturity to 2034, and increased its revolving credit facility to $300 million maturing in 2031. Contract awards added approximately $200 million to the backlog, bringing total contract backlog to roughly $2.9 billion as of August 10, 2026. The company repurchased approximately $20 million of shares during the quarter and extended its share repurchase program through December 31, 2026. Seadrill Limited operates in the offshore oil and gas drilling industry.
