Seadrill Ltd. (SFL) Reports Q3 2026 Results with $202 Million Revenue and Growing Charter Backlog
Seadrill Ltd. (SFL) reported third-quarter 2026 operating revenues of $202 million, maintaining stable fleet performance despite a slight decrease in Adjusted EBITDA to $122 million from the previous quarter's $130 million. Net income for the period reached $37 million ($0.26 per share), bolstered by $13.3 million in non-GAAP mark-to-market gains on derivatives. The company continues its long-standing commitment to shareholders, issuing its 91st consecutive quarterly dividend of $0.22 per share. The company's strategic expansion is highlighted by a massive $5 billion charter backlog, supported by significant new contracts including a 7-year extension with Hapag-Lloyd and the acquisition of two container vessels. While operating expenses rose to $85 million due to rig mobilization and dry dockings, SFL maintains strong liquidity with over $270 million available and high fleet utilization rates across its container and tanker segments.
Topics: backlog dividend earnings report net income revenue vessel acquisition
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