Seadrill Q2 net loss widens to $42M; Adj. EBITDA rises to $106M; wins two Gulf contracts

Seadrill Ltd

2025-Q2 EPS reported -$0.91 revenue$712,000,000

Net loss of $42M ($0.68 diluted loss per share) vs $14M loss in prior quarter; Adjusted EBITDA $106M vs $73M.
Total operating revenues $377M, up 12% sequentially; contract revenues $288M driven by higher utilization and West Polaris/Neptune days.
West Vela awarded two-well contract by Talos Energy in U.S. Gulf (mid-Nov 2025); Sevan Louisiana three-well contract by Murphy Oil (started Aug 2025).
Cash $419M, net debt $206M; order backlog ~$2.5B as of Aug 6, 2025.

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