Seadrill Ltd (HAM:P4F)

Q3 2025 Seadrill Ltd Earnings Call Transcript

Nov 6, 2025 / 02:00 PM GMT

Release Date Price: €25.04 (-8.35%)

Transcript 10-Q8-K

Key Points

Positve

Seadrill Ltd (SDRL) added over $300 million to its backlog, securing new contracts across five rigs, enhancing backlog coverage through 2026.
The company maintained its competitive edge in a challenging market by collaborating effectively with customers and delivering exceptional performance.
Seadrill Ltd (SDRL) secured strategic contracts in Angola, reinforcing its position as the #1 drill ship operator in the region.
The company demonstrated strong operational performance with near-perfect technical uptime of 99.7% for rigs operated through the Sona drill joint venture.
Seadrill Ltd (SDRL) is well-positioned to capture value from the anticipated market recovery, with a constructive pace of contracting and an uptick in global tendering activity.

Negative

Total operating revenues for the third quarter decreased by $14 million sequentially, with contract drilling revenues declining by $8 million.
Economic utilization slipped sequentially in the third quarter, attributed to fewer operating days and lower economic utilization.
The company faces potential downtime for certain rigs, such as the West Cappella and Karina, which may impact future earnings.
There is potential weakness in day rates in certain regions, such as West Africa and Brazil, which could affect profitability.
Seadrill Ltd (SDRL) is navigating a competitive market environment, with challenges in closing contract gaps and maintaining continuous operations for some rigs.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SDRL.N - Seadrill Ltd
Q3 2025 Seadrill Ltd Earnings Call
Nov 06, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by and welcome to C Drill's 3rd quarter 2025 earnest conference call. At this time, all lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you'd like to ask a question during this time, simply press star, followed by the number 1 on your telephone keypad. If you'd like to withdraw your question, please press 1 again.

I will now hand the call over to Kevin Smith, Vice President of Corporate finance and Investor relations. Sir, please go ahead.

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Unidentified_2 [2]
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