secwatch.observer — SEC 8-K summary
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Issuer:     Seadrill Ltd (SDRL)
CIK:        0001737706
Form:       8-K
Filed at:   2025-08-06T23:59:59+00:00
Accession:  0001737706-25-000006
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1737706/000173770625000006/0001737706-25-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1737706/000173770625000006/sdrl-20250806.htm
  HTML page:      https://secwatch.observer/filing/0001737706-25-000006

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