---
schema_version: "secwatch.filing_event.v1"
accession: "0001737706-25-000006"
form_type: "8-K"
ticker: "SDRL"
cik: "0001737706"
company_name: "Seadrill Ltd"
filed_at: "2025-08-06T23:59:59+00:00"
generated_at: "2026-05-17T19:40:35.525865+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001737706-25-000006
- form_type: 8-K
- ticker: SDRL
- cik: 0001737706
- company_name: Seadrill Ltd
- filed_at: 2025-08-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1737706/000173770625000006/0001737706-25-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1737706/000173770625000006/sdrl-20250806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001737706-25-000006
- JSON: https://secwatch.observer/filing/0001737706-25-000006.json
- Plain text: https://secwatch.observer/filing/0001737706-25-000006.txt

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