Seadrill Issues Strong 2026 Guidance Following High Economic Utilization
Seadrill Limited (SDRL) reported strong third-quarter performance, highlighted by an EBITDA of $121 million and a high economic utilization rate of 95%. Driven by consistent operational execution, the company has raised its full-year guidance for the third consecutive quarter. Looking ahead, Seadrill provided optimistic long-term outlooks, projecting 2026 revenue between $1.56 billion and $1.58 billion with an EBITDA of $440 million to $460 million. The company also noted strong forward visibility, with over 85% of its rig days already booked for 2027.
Tickers: $SDRL
Topics: earnings report EBITDA economic utilization guidance upgrade
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