Seadrill Ltd

Seadrill Ltd. provides offshore drilling services. It owns and operates drillships, semi-submersibles and jack-ups. Its operating business segments include: Harsh Environment Rigs, Floaters and Jack-Up Rigs. The Harsh Environment Rigs segment operates both semi-submersibles and jack-ups that have a number of design modifications to be able to handle to weather conditions. The Floaters segment encompasses its drillships and benign environment semi-submersible rigs. The Jack-Up Rigs segment operates mobile, self-elevating drilling platforms equipped with legs that are lowered to the seabed. Seadrill was founded on May 10, 2005 and is headquartered in Hamilton, Bermuda.

Earnings data Q4 2019

Earnings data Q1 2020

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Seadrill reports robust Q1 earnings, navigates market challenges strategically

Seadrill's Q1 2024 performance reflects a strong start with revenue and EBITDA growth. The company's focus on fleet integration, contract securing, and share repurchases align with market opportunities and challenges.

Seadrill adjusts full-year guidance amidst contracting challenges and market confidence

Seadrill navigates challenges in the contracting environment by focusing on operational performance and maintaining a strong balance sheet. Revised full-year EBITDA guidance reflects updated contract start date expectations and softer rig contracting outlook.

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Seadrill Ltd. engages in the provision of offshore drilling services. It owns and operates drillships, semi-submersibles and jack-ups. It operates through the following segments: Harsh Environment, Floaters, and Jack-Up Rigs. The Harsh Environment segment operates both semi-submersibles and jack-ups that have a number of design modifications to be able to handle harsh weather conditions. The Floaters segment encompasses its drillships and benign environment semi-submersible rigs. The Jack-Up Rigs segment operates mobile, self-elevating drilling platforms equipped with legs that are lowered to the seabed. The company was founded on May 10, 2005 and is headquartered in Hamilton, Bermuda.

HAMILTON, Bermuda , July 13, 2023 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) (OSE: SDRL) and its wholly owned subsidiary, Seadrill Finance Limited ("Seadrill Finance"), announced today the pricing of their offering under Rule 144A and Regulation S (the "Offering") of the Securities Act of 1933, as amended (the "Securities Act"), of $500 million in aggregate principal amount of 8.375% Senior Secured Second Lien Notes due 2030 (the "Notes"). The Offering was upsized to $500 million in aggregate principal amount of Notes from the original offering size of $450 million in aggregate principal amount of Notes.

Seadrill Limited (SDRL) Announces Pricing of $500 Million Upsized 144A / Reg S Offering of 8.375% Senior Secured Second Lien Notes Due 2030

Seadrill, an offshore drilling contractor, is an attractive investment opportunity due to its compelling valuation and potential catalysts. We are in the beginning of a multi-year industry upcycle. Our investment case however relies on mark-to-market day rates, not pricing in further increases. At a very conservative multiple, Seadrill offers 20% upside. We recommend building a long position on Seadrill shares.

Seadrill: Appealing Valuation And Multiple Potential Catalysts

Fintel reports that Elliott Investment Management has filed a 13D/A form with the SEC disclosing ownership of 7.06MM shares of Seadrill Ltd.

Elliott Investment Management Now Owns 8.80% of Seadrill (SDRL)

HAMILTON, Bermuda , July 11, 2023 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) (OSE: SDRL) provides further information regarding the Revolving Credit Facility (as defined herein) and certain other information being delivered to potential investors in connection with the offering of the Notes (as defined herein). Revolving Credit Agreement On July 11, 2023, Seadrill and its wholly owned subsidiary Seadrill Finance Limited ("Seadrill Finance"), an exempted company limited by shares incorporated under the laws of Bermuda, entered into the Senior Secured Revolving Credit Agreement (the "New Credit Agreement") with certain lenders and issuing banks party thereto, J.P.

Seadrill Limited (SDRL) Provides Further Information Regarding New Revolving Credit Facility and Certain Other Information Regarding Offering of Senior Secured Second Lien Notes

HAMILTON, Bermuda , July 11, 2023 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) (OSE: SDRL) announced today that, subject to market conditions, it intends to offer (the "Offering") for sale to eligible purchasers in an offering under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the "Securities Act"), $450 million in aggregate principal amount of senior secured second lien notes (the "Notes") to be issued by Seadrill Finance Limited, an exempted company limited by shares incorporated under the laws of Bermuda and a wholly owned subsidiary of Seadrill ("Seadrill Finance"). The net proceeds from the Offering will be used to: (i) prepay in full the outstanding amounts under its existing secured debt facilities and (ii) pay fees associated with exiting such secured debt facilities.

Seadrill Limited (SDRL) Announces Offering of $450 Million Senior Secured Second Lien Notes and Concurrent Entry into New Revolving Credit Facility

The sale allows Seadrill (SDRL) to unlock value, generate substantial cash proceeds and concentrate on high-grading its portfolio.

Seadrill (SDRL) to Get $85M by Selling 3 Tender-Assist Rigs

HAMILTON, Bermuda , June 26, 2023 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) (OSE: SDRL) today announces that it is in active discussions to sell (i) the jack-up rigs known as the West Castor, West Telesto and West Tucana (the "Qatar Jack-Up Fleet"), which are bareboat chartered by Seadrill to Gulfdrill LLC ("Gulfdrill"), a 50:50 joint venture between Seadrill and Gulf Drilling International, and (ii) Seadrill's 50% equity interest in Gulfdrill. Seadrill has not reached agreement yet on material terms, including price, with any potential purchaser.

Seadrill Limited (SDRL) Announces Potential Sale of Qatar Jack-Up Fleet

HAMILTON, Bermuda , June 26, 2023 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) (OSE: SDRL) has posted an investor presentation to its website, www.seadrill.com/investors. The presentation is also attached hereto.

Seadrill Limited (SDRL) Investor Presentation

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HAMILTON, Bermuda , June 21, 2023 /PRNewswire/ -- Seadrill Limited ('Seadrill' or the 'Company') (NYSE: SDRL) & (OSE: SDRL) today announces that it has filed the attached Form 6-K report with the U.S. Securities and Exchange Commission (the "SEC") in connection with the release of the Aquadrill LLC ("Aquadrill") unaudited financial statements for the three months ended March 31, 2023 and 2022, and the Company's unaudited pro forma financial statements for the three months ended March 31, 2023 and 2022. The Form 6-K can be accessed on the website of the SEC (www.sec.gov) and is also available on the Company's website (www.seadrill.com/investors).

Seadrill Limited (SRDL) - Filing of Form 6-K report with unaudited financial statements for Aquadrill and unaudited pro forma financial information for Seadrill

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Seadrill Limited (NYSE:SDRL ) Q1 2023 Earnings Conference Call May 23, 2023 9:00 AM ET Company Participants Simon Johnson - President and CEO Grant Creed - EVP and CFO Samir Ali - EVP and Chief Commercial Officer Conference Call Participants Greg Lewis - BTIG Fredrik Stene - Clarksons Securities Hamed Khorsand - BWS Financial Konstantin Chinarov - Aptior Capital LLP Simon Johnson Welcome all to our Second Quarterly Earnings Call this calendar year and the first call of the 2023 Financial Period. On the line today, Grant and I are joined by Leif Nelson, our Chief Operating and Technology Officer; and Samir Ali, our Chief Commercial Officer.

Seadrill Limited (SDRL) Q1 2023 Earnings Call Transcript

HAMILTON, Bermuda , May 23, 2023 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) (OSE: SDRL), a leader in offshore drilling, provides financial results for the three months ended March 31, 2023. Q1 2023 Highlights Seadrill added approximately $39 million of Order Backlog[1] during the quarter, bringing the total as of March 31, 2023, to approximately $2.2 billion.

Seadrill Limited (SDRL) - First Quarter 2023

HAMILTON, Bermuda, May 11, 2023 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) announces that its 1Q23 earnings will be published on Tuesday, May 23, 2023.

Seadrill Limited (SDRL) Provides Notice of 1Q23 Earnings Release and Presentation

HAMILTON, Bermuda , April 21, 2023 /PRNewswire/ -- Reference is made to the announcement made by Seadrill Limited (NYSE & OSE: SDRL) ("Seadrill" or the "Company") on August 8, 2022, regarding the management incentive plan (the "Plan") for certain members of the Company's management and other leading employees, as well as non-employee directors. An award has been made under the Plan to primary insider Todd Strickler (SVP & General Counsel), as further described in the attached form.

Seadrill Limited - Award under Management Incentive Plan

HAMILTON, Bermuda , April 19, 2023 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) (OSE: SDRL) today announces that it has filed its annual report on Form 20-F for the year ended December 31, 2022 (the "Annual Report") with the U.S. Securities and Exchange Commission (the "SEC"). The Annual Report can be accessed on the website of the SEC (www.sec.gov) and is also available on the Company's website (www.seadrill.com/investors).

Seadrill Limited Files its 2022 Annual Report on Form 20-F

Seadrill recently reported an earnings beat largely based on one-time non-operational revenues. SDRL's painful history includes two bankruptcies since 2016.

Seadrill Limited Might Finally Be Investable

Seadrill Limited (NYSE:SDRL ) Q4 2022 Results Conference Call April 5, 2023 9:00 AM ET Company Participants David Warwick - IR Simon Johnson - President and CEO Grant Creed - EVP and CFO Leif Nelson - EVP and Chief Operating and Technology Officer Samir Ali - EVP and Chief Commercial Officer Conference Call Participants Greg Lewis - BTIG Fredrik Stene - Clarksons Securities Hamed Khorsand - BWS Financial Matt Polyak - Hummingbird Capital David Warwick Hello, everyone, and welcome to Seadrill's Q4 2022 earnings call and webcast. My name is David Warwick, and I'm the Director of Investor Relations for the company.

Seadrill Limited (SDRL) Q4 2022 Earnings Call Transcript

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HAMILTON, Bermuda , April 5, 2023 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) (OSE: SDRL), a leader in offshore drilling, provides financial results for the three months ended December 31, 2022. Q4 2022 Highlights Seadrill relisted its common shares on the New York Stock Exchange ("NYSE") with trading commencing on October 14, 2022, and following the NYSE relisting Seadrill's status on the Euronext Expand changed from a primary listing to a secondary listing.

Seadrill Limited (SDRL) - Fourth Quarter 2022

HAMILTON, Bermuda , April 3, 2023 /PRNewswire/ -- Seadrill Limited ("Seadrill") (NYSE: SDRL) (OSE: SDRL) today announces that it has completed its acquisition of Aquadrill LLC ("Aquadrill"; and together with Seadrill, the "Company"). As a result of the transaction, Aquadrill became a wholly owned subsidiary of Seadrill.

Seadrill completes Aquadrill LLC acquisition

HAMILTON, Bermuda , March 31, 2023 /PRNewswire/ -- Reference is made to the previous stock exchange announcements published by Seadrill Limited (NYSE: SDRL) (OSE: SDRL) ("Seadrill" or the "Company") regarding the proposed all-stock acquisition of Aquadrill LLC ("Aquadrill") (the "Transaction"). Pursuant to and in accordance with Article 1 (5) (f) of Regulation (EU) 2017/1129 and the European Commission's delegated regulation (EU) 2021/528 of December 16, 2020, Seadrill has prepared an exempted document describing key features of the Transaction (the "Exempted Document").

Seadrill Limited - Publication of Exempted Document in relation to the proposed Aquadrill LLC acquisition

HAMILTON, Bermuda , March 30, 2023 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) (OSE: SDRL) announces that its 4Q22 earnings will be published on Wednesday April 05, 2023. Seadrill's executive management team will host a virtual presentation on the same day (Wednesday April 05, 2023) at 9:00am EST / 2:00pm BST / 3:00pm CET.

Seadrill announces Notice of 4Q22 Earnings Release and Presentation

HAMILTON, Bermuda , March 22, 2023 /PRNewswire/ -- Seadrill Limited (NYSE: SDRL) (OSE: SDRL) ("Seadrill" or the "Company") announces that the 2022 Annual General Meeting of the Shareholders of the Company was held on March 21, 2023 at 10:00a.m., at the Rosewood Hotel, Bermuda.

News for Seadrill Ltd Stock (SDRL)