SEADRILL Ltd
boothcheck covers SEADRILL Ltd (SDRL) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed June 28, 2026.
• 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
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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: 2026-11-03 (items 2.02, 9.01); 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).
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.