Seadrill Ltd (OSL:SDRL)

kr 421 -12.2 (-2.82%) Market Cap: 26.71 Bil Enterprise Value: 24.31 Bil PE Ratio: 5.32 PB Ratio: 0.60 GF Score: 57/100

Q4 2024 Seadrill Ltd (Hamilton) Earnings Call Transcript

Feb 26, 2025 / 03:00 PM GMT

Transcript 10-K8-K

Key Points

Positve

Seadrill Ltd (SDRL) returned over $500 million in capital to shareholders in 2024.
The company added $1.3 billion in contracted backlog and divested non-core assets for $400 million.
Seadrill Ltd (SDRL) has a strong balance sheet with $3 billion in durable contract cover extending through 2028 and into 2029.
The company secured two long-term contract awards in Brazil, adding $1 billion in backlog.
Seadrill Ltd (SDRL) has a share repurchase program that returned $792 million to shareholders, reducing issued share count by 22%.

Negative

The market is softening in 2025 with some trade rivals offering lower day rates.
Seadrill Ltd (SDRL) experienced 50 days of downtime for the West Taus due to regulatory matters in Brazil.
The company is facing a $213 million claim from Petrobras related to past contracts.
Fourth quarter results were adversely impacted by a reduction in operating days and planned out of service time.
Seadrill Ltd (SDRL) incurred an uncharacteristically high amount of non-revenue days at the beginning of 2025.

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

SDRL.N - Seadrill Ltd (Hamilton)
Q4 2024 Seadrill Ltd (Hamilton) Earnings Call
Feb 26, 2025 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and thank you for standing by. My name is Kelvin, and I will be your conference operator today. At this time, I would like to welcome everyone to the Cro's 4th quarter in full year 2024 earnings call. 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 would like to ask a question during this time, simply press start, followed by the number one on your telephone keypad. If you would like to withdraw your question, please press the pound key or start 2.

Thank you. I would now like to turn the call over to Kevin Smith, Vice President of corporate finance and head of investor relations. Please go ahead.

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