Seadrill Q4 net income $101M, revenue $289M; adds $1B backlog with Petrobras contracts

Seadrill Ltd

2024-FY EPS reported $6.37 revenue$1,385,000,000

Q4 net income $101M, revenue $289M; Adjusted EBITDA $28M vs $93M in Q3.
Secured long-term Petrobras contracts for West Jupiter and West Tellus, adding $1B backlog.
Sold cold-stacked West Prospero for $45M cash; repurchased $100M shares in Q4.
Total share repurchases $792M since Sep 2023, reducing issued shares by 22%.
Free Cash Flow negative $31M; cash $505M, net debt $120M; backlog $3.0B.

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