secwatch.observer — SEC 8-K summary
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Issuer:     Seadrill Ltd (SDRL)
CIK:        0001737706
Form:       8-K
Filed at:   2025-11-05T23:59:59+00:00
Accession:  0001737706-25-000015
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1737706/000173770625000015/0001737706-25-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1737706/000173770625000015/sdrl-20251105.htm
  HTML page:      https://secwatch.observer/filing/0001737706-25-000015

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