{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-024424","form_type":"8-K","ticker":"SDRL","cik":"0001737706","company_name":"Seadrill Ltd","filed_at":"2025-05-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.519404+00:00","generated_at":"2026-05-21T23:59:41.019182+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Seadrill reports Q1 2025 net loss of $14M, Adjusted EBITDA of $73M","bullets":["Net loss of $14M (diluted EPS -$0.23) vs. prior quarter net income of $101M (diluted EPS $1.54).","Total operating revenues of $335M, up 16% sequentially from $289M; contract revenues $248M.","Adjusted EBITDA of $73M, up from $28M in Q4 2024; margin 21.8% vs. 9.7%.","Free cash flow negative $72M; cash and equivalents $430M, gross debt $625M.","Full-year 2025 guidance reaffirmed: revenues $1.3B-$1.36B, Adj. EBITDA $320M-$380M, capex $250M-$300M."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-024424","json":"https://secwatch.observer/filing/0001628280-25-024424.json","markdown":"https://secwatch.observer/filing/0001628280-25-024424.md","text":"https://secwatch.observer/filing/0001628280-25-024424.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1737706/000162828025024424/0001628280-25-024424-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1737706/000162828025024424/sdrl-20250512.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T23:59:41.019182+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}