secwatch.observer — SEC 8-K summary
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Issuer:     Seadrill Ltd (SDRL)
CIK:        0001737706
Form:       8-K
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0001628280-25-024424
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1737706/000162828025024424/0001628280-25-024424-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1737706/000162828025024424/sdrl-20250512.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-024424

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