---
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"
generated_at: "2026-05-21T23:59:41.019182+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Seadrill reports Q1 2025 net loss of $14M, Adjusted EBITDA of $73M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-024424
- JSON: https://secwatch.observer/filing/0001628280-25-024424.json
- Plain text: https://secwatch.observer/filing/0001628280-25-024424.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.