Seadrill Ltd income statement
In fiscal 2025, Seadrill Ltd reported revenue of $1.44bn, up 3.8% on the year before, operating income of $47.0m (a 3.3% margin) and net income of −$77.0m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2017Dec 2017 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,088 | 1,388 | 961 | 907 | 1,502 | 1,385 | 1,437 | 1,532 |
| Selling, general and administrative | 277 | 95 | 74 | 67 | 74 | 107 | 103 | 108 |
| Operating income | −728 | −295 | −4,481 | −156 | 329 | 412 | 47 | 119 |
| Interest expense | 285 | 421 | 398 | 109 | 59 | 61 | 61 | 62 |
| Net interest income | −285 | −487 | −469 | — | — | — | — | — |
| Income before tax | −3,036 | −760 | −4,431 | −572 | 317 | 333 | −51 | 18 |
| Income tax | 66 | −40 | −1 | 0 | 17 | −113 | 26 | 17 |
| Net income | −2,973 | −1,219 | −4,659 | −587 | 300 | 446 | −77 | 1 |
| Diluted EPS | −$29.45 | −$12.18 | −$46.43 | −$5.85 | $4.12 | $6.37 | — | $0.02 |
| Diluted shares (average) | 101m | 100m | 100m | 100m | 74m | 71m | 65m | 65m |
| EBITDA | 70 | 131 | −4,162 | −29 | 484 | 580 | 285 | 389 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 354 | 289 | 335 | 377 | 363 | 362 | 358 | 449 |
| Selling, general and administrative | 27 | 31 | 23 | 26 | 27 | 27 | 25 | 29 |
| Operating income | 47 | −3 | 18 | 6 | 26 | −3 | 24 | 72 |
| Interest expense | 15 | 15 | 15 | 15 | 15 | 16 | 15 | 16 |
| Income before tax | 39 | −32 | 1 | −13 | 0 | −39 | 16 | 41 |
| Income tax | 7 | −133 | 15 | 29 | 11 | −29 | 23 | 12 |
| Net income | 32 | 101 | −14 | −42 | −11 | −10 | −7 | 29 |
| Diluted EPS | $0.49 | $1.55 | −$0.23 | −$0.68 | −$0.17 | — | −$0.11 | $0.47 |
| EBITDA | 89 | 42 | 73 | 62 | 84 | 66 | 95 | 144 |
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