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How Seadrill (SDRL) makes money

Seadrill (SDRL) made $428M of revenue in the third quarter 2026 (Q3 2026), +18% from a year earlier.

Drawing the Sankey…

Seadrill revenue by quarterSeadrill revenue by quarter$335MQ1 2025$377MQ2 2025$363MQ3 2025$362MQ4 2025$358MQ1 2026$449MQ2 2026$428MQ3 2026
Seadrill: where each dollar of revenue goesSeadrill: where each dollar of revenue goesIncome tax4¢Operating cash flow46¢Free cash flow42¢

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$428M100.0%
Income tax$19.0M4.4%
Operating cash flow$195M45.6%
Free cash flow$179M41.8%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$428M+18%
Q2 2026$449M+19%
Q1 2026$358M+7%
Q4 2025$362M+25%
Q3 2025$363M+2%
Q2 2025$377M+0.5%
Q1 2025$335M-9%

From Seadrill's 10-Q filed Nov 4, 2026 (on EDGAR).

Questions

How does Seadrill make money?

Seadrill (SDRL) made $428M of revenue in the third quarter 2026 (Q3 2026), +18% from a year earlier.

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