Home / Business and Economy / Seadrill Boosts 2026 Revenue Forecast
Seadrill Boosts 2026 Revenue Forecast
10 Aug
Summary
- Full-year 2026 revenue forecast raised to $1.50-$1.55 billion.
- Adjusted EBITDA guidance increased to $420-$450 million.
- Second-quarter net income reached $29 million, a significant improvement.
Seadrill has revised its financial outlook, now projecting full-year 2026 total operating revenues to be between $1.50 billion and $1.55 billion, an increase from previous estimates. The company also raised its adjusted EBITDA guidance to a range of $420 million to $450 million.
In the second quarter, Seadrill reported a net income of $29 million, a marked improvement from a $7 million net loss in the first quarter. Adjusted EBITDA rose to $144 million, driven by increased operating days and higher average dayrates across its fleet, particularly for the West Jupiter and West Capella.
CEO Samir Ali highlighted strong operational and commercial execution, noting 96% economic utilization and enhanced contract coverage. The company's strategic positioning aims to capitalize on a strengthening market demand for its high-specification vessels.
As of the quarter's end, Seadrill's net debt was $390 million, with gross principal debt at $750 million and $360 million in cash. The company recently secured a one-year contract for the West Vela in the U.S. Gulf, commencing in June 2027 and adding approximately $161 million to its contract backlog.
