SEADRILL Ltd
In the published model solve dated 2026-Q2, anchored at $41.38, SEADRILL Ltd (SDRL) is priced for today's economics sustained for ~12.9 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
• Seadrill runs a focused fleet of high-spec ultra-deepwater drillships that earned average dayrates of $343,000 at 94.6% utilization in Q1 2026, with a $3.1 billion backlog extending revenue visibility into 2028. • The company is still unprofitable, posting a Q1 2026 net loss of $7 million with interest coverage under 1.0 times, so reported earnings have not yet validated the backlog the price is crediting. • Watch the FY2026 guidance Seadrill just raised (revenue of $1.43 billion to $1.48 bill
Is SDRL overvalued? See what's priced in →
237 institutional managers reported holding SDRL in 13F filings for the quarter ended 2026-03-31. 60 opened new positions that quarter. Held by BlackRock, Elliott Investment Management, Vanguard Group, among others. On the short side, 4.4M shares were sold short as of the 2026-06-15 count, about 7% of shares outstanding (6.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
SDRL has cut its share count 38% over the past five years, spending $795.00M on repurchases. It pays no dividend. Cash returned over the past three years: $795.00M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at SDRL over the trailing three years. Absence is a fact about the company, not a signal. 15 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
SDRL's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2025-08-08 | -5.3% | 0.0% |
| 2025-11-07 | -6.6% | +24.4% |
| 2026-02-27 | -4.4% | +12.4% |
| 2026-05-12 | +3.5% | pending |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
SDRL's latest 8-K filings: 2026-08-10 (items 2.02, 9.01); 2026-06-30 (items 1.01, 2.03, 8.01, 9.01); 2026-06-22 (items 7.01, 8.01, 9.01); 2026-06-18 (items 1.01, 2.03, 9.01); 2026-06-15 (items 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.