---
schema_version: "secwatch.filing_event.v1"
accession: "0001737706-25-000015"
form_type: "8-K"
ticker: "SDRL"
cik: "0001737706"
company_name: "Seadrill Ltd"
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:20:36.689231+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001737706-25-000015
- form_type: 8-K
- ticker: SDRL
- cik: 0001737706
- company_name: Seadrill Ltd
- filed_at: 2025-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1737706/000173770625000015/0001737706-25-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1737706/000173770625000015/sdrl-20251105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001737706-25-000015
- JSON: https://secwatch.observer/filing/0001737706-25-000015.json
- Plain text: https://secwatch.observer/filing/0001737706-25-000015.txt

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