Seadrill reports Q3 net loss $11M, adjusted EBITDA $86M; awards >$300M in new contracts

Seadrill Ltd

2025-Q3 EPS reported -$1.08 revenue$1,075,000,000

Net loss of $11M, diluted loss per share $0.17; total operating revenue $363M, down 4% from Q2.
Adjusted EBITDA $86M (24.4% margin ex-reimbursables); full-year guidance narrowed to $330-360M.
Secured over $300M in firm contract backlog across five rigs; total backlog ~$2.5B.
Sonadrill JV rigs (West Gemini, Sonangol Libongos, Sonangol Quenguela) awarded ~1,000 days in Angola.
West Vela and Sevan Louisiana win contracts in U.S. Gulf extending coverage into H2 2026.

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