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.

Seadrill Finance Limited, a subsidiary of Seadrill Limited, issued $700 million in 6.750% Senior Notes due 2034, which mature on July 15, 2034. The company has also used proceeds from the offering to satisfy and discharge the redemption of its 8.375% Senior Secured Second Lien Notes due 2030. Additionally, the company has increased its revolving credit facility commitments from $225 million to $300 million. Seadrill Limited is an offshore drilling company providing drilling services to the energy industry.

Seadrill Limited entered into Amendment No. 2 to its Senior Secured Revolving Credit Agreement on June 16, 2026, increasing revolving borrowing commitments from $225 million to $300 million and extending the maturity date from 2028 to 2031. The amendment, which is expected to be effective June 30, 2026, also modifies commitment fees and restrictive covenants to enhance operational and financial flexibility. Seadrill Limited is an offshore drilling company providing deepwater drilling services to the energy industry.

Seadrill Limited's wholly owned subsidiary, Seadrill Finance Limited, intends to offer $600 million in aggregate principal amount of senior unsecured notes due 2034. The offering is being conducted pursuant to Rule 144A and Regulation S. Seadrill Limited operates in the offshore drilling industry and provides drilling services to the energy sector.

Seadrill Limited held its 2026 Annual General Meeting of Shareholders on June 3, 2026. Shareholders approved the appointment of PwC US as the independent auditor, the re-election of nine directors, and Amendment No. 1 to the 2022 Management Incentive Plan. Other approved items included the ratification of director remuneration and an advisory vote on 2025 executive officer compensation.