Seadrill Reports Q3 Revenue Beat Amid GAAP EPS Miss
Seadrill (NYSE: SDRL) reported third-quarter financial results characterized by a significant miss in GAAP earnings per share, which came in at -$0.49, missing analyst expectations by $0.62. However, the company's top-line performance was strong, with revenue reaching $428 million—a 17.9% increase year-over-year and a beat of $48.03 million against estimates. Despite the earnings miss, Seadrill has expressed confidence in its long-term trajectory by increasing and narrowing its full-year 2026 guidance for both total operating revenues and Adjusted EBITDA. This suggests management expects sustained operational growth despite current bottom-line volatility.
Tickers: $SDRL
Topics: earnings miss guidance update revenue beat