Seadrill Limited reported a third-quarter 2026 net loss of $30 million and diluted loss per share of $0.49, driven by fewer operating days for the West Carina and time between contracts for other units. Adjusted EBITDA decreased to $121 million from $144 million in the prior quarter. The company generated $179 million in free cash flow and repurchased approximately $22 million of shares. Seadrill increased its full-year 2026 total operating revenue guidance range to $1.56-$1.58 billion and raised Adjusted EBITDA guidance to $440-$460 million, narrowing capital expenditure estimates. Commercially, the firm secured contract awards and extensions totaling approximately $800 million in Indonesia, Malaysia, Angola, and the U.S. Gulf, bringing its backlog to roughly $3.3 billion as of November 3, 2026. Seadrill Limited operates in the offshore drilling industry, providing deepwater drilling services using a modern fleet of drillships.
