Seadrill posts Q3 revenue of $363 million and net loss of $11 million

Reuters11-06

Seadrill posts Q3 revenue of $363 million and net loss of $11 million

Seadrill Ltd. reported total revenues of $363 million for the third quarter of 2025, down from $377 million in the previous quarter, primarily due to lower economic utilization, fewer rig operating days, and a decrease in reimbursable revenues. Total operating expenses decreased to $337 million from $371 million, mainly reflecting a reduction in management contract expenses. The company posted a net loss of $11 million for the quarter. Adjusted EBITDA was $86 million, compared to $106 million in the prior quarter. At the end of the quarter, Seadrill had gross principal debt of $625 million and cash and cash equivalents of $428 million, resulting in a net debt position of $197 million. Net cash provided by operating activities was $28 million. During the period, Seadrill secured over $300 million in new contracts across five rigs, including all three assets in the Sonadrill joint venture in Angola and new awards in the U.S. Gulf.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Seadrill Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251105418003) on November 05, 2025, and is solely responsible for the information contained therein.

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