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Seadrill (SDRL) guidance and outlook

Seadrill (SDRL) raised its guidance on Nov 3, 2026. Seadrill's 10-Q filed Nov 4, 2026 makes 3 forward-looking statements.

Guidance and outlook

3 statements; tone +0.00 (−1 all cautious, +1 all confident); 0 hedged.

Forward-looking statements, 10-Q filed Nov 4, 2026

So long as Seadrill is able to meet its net leverage and liquidity targets on a forward-looking basis, as well as comply with its Revolving Credit Facility covenant requirements, Seadrill would seek to provide a return to our shareholders of at least 50% of Free Cash Flow (defined as cash flows from operating activities minus additions to drilling units and equipment) in the form of Share repurchases or dividends.
These include, among others, our drilling units being on contract, economic utilization achieved, average contract dayrates, timing of accounts receivable collection, capital expenditures for rig upgrades and reactivation projects and timing of payments for operating costs and other obligations.
Our cash on hand, available borrowings under the Revolving Credit Facility, and contract and other revenues are expected to generate sufficient cash flow to fund our anticipated debt service and working capital requirements for the next 12 months.

Seadrill's latest quarter

Seadrill, Q3 2026: revenue $428M (+18% year over year), operating margin 10.3%, net loss $30.0M, operating cash flow $195M. The chart follows the revenue to costs, profit and cash.

Questions

Did Seadrill raise or lower its guidance?

Seadrill (SDRL) raised its guidance on Nov 3, 2026.

What does Seadrill expect?

So long as Seadrill is able to meet its net leverage and liquidity targets on a forward-looking basis, as well as comply with its Revolving Credit Facility covenant requirements, Seadrill would seek to provide a return to our shareholders of at least 50% of Free Cash Flow (defined as cash flows from operating activities minus additions to drilling units and equipment) in the form of Share repurchases or dividends. These include, among others, our drilling units being on contract, economic utilization achieved, average contract dayrates, timing of accounts receivable collection, capital expendi

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.