---
schema_version: "secwatch.filing_event.v1"
accession: "0001737706-26-000006"
form_type: "8-K"
ticker: "SDRL"
cik: "0001737706"
company_name: "Seadrill Ltd"
filed_at: "2026-02-25T23:59:59+00:00"
generated_at: "2026-05-16T00:23:07.523937+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Seadrill Q4 net loss $10M; FY25 net loss $77M, adj EBITDA $353M; provides 2026 guidance

## Summary
- Q4 total operating revenues $362M, net loss $10M ($0.16 diluted loss per share); Adj EBITDA $88M.
- Full year 2025 net loss $77M, Adjusted EBITDA $353M; contract backlog $2.5B at Feb 25, 2026.
- Secured $0.5B in contract awards across seven rigs; West Capella adds $152M, West Saturn $114M.
- 2026 guidance: total operating revenues $1.40-1.45B (excl. $50M reimbursable), Adj EBITDA $350-400M, capex $200-240M.
- Balance sheet: gross debt $625M, cash $365M, net debt $260M.

## SEC filing metadata
- accession: 0001737706-26-000006
- form_type: 8-K
- ticker: SDRL
- cik: 0001737706
- company_name: Seadrill Ltd
- filed_at: 2026-02-25T23:59:59+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/1737706/000173770626000006/0001737706-26-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1737706/000173770626000006/sdrl-20260225.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001737706-26-000006
- JSON: https://secwatch.observer/filing/0001737706-26-000006.json
- Plain text: https://secwatch.observer/filing/0001737706-26-000006.txt

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