secwatch.observer — SEC 8-K summary
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Issuer:     Seadrill Ltd (SDRL)
CIK:        0001737706
Form:       8-K
Filed at:   2026-05-11T23:59:59+00:00
Accession:  0001737706-26-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seadrill Q1 net loss $7M, raises FY2026 revenue and EBITDA guidance; adds $860M backlog
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- Net loss $7M ($0.11 diluted loss per share); Adjusted EBITDA $97M vs $88M in Q4 2025.
- Total operating revenues $358M, down slightly from $362M in prior quarter.
- Raised FY2026 guidance: revenues $1.43-$1.48B (prev. $1.40-$1.45B), EBITDA $370-$420M (prev. $350-$400M); capex unchanged at $200-$240M.
- Contract backlog $3.1B; added ~$860M including West Polaris Petrobras extension ($480M) and LLOG contracts ($260M).
- West Capella and West Jupiter projects completed ahead of schedule, expected to boost H2 2026 cash flow.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1737706/000173770626000013/0001737706-26-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1737706/000173770626000013/sdrl-20260511.htm
  HTML page:      https://secwatch.observer/filing/0001737706-26-000013

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