# Seadrill Limited (SDRL)

> Source: Nexqual · https://nexqual.com/SDRL · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Seadrill Limited (SDRL), nexqual.com/SDRL" · informational, not investment advice.

**Price:** USD 49.19 (+0.04% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 49.17 · day 46.55–49.96 · 52w 28.1–55.47 · market cap $3.08B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.53B, net income $1.0M (0.1% margin) (SEC filings).
- Valuation: P/E 3076.4x (avg 8.9x at the last 2 fiscal year-ends), EV/EBITDA 8.9x, net debt $400M.
- Earnings quality: non-operating income -$101M vs operating income $119M over the last four quarters; P/E excluding non-operating income ≈46.2x (estimate: non-operating income taxed at the company's 35% effective rate).
- 2 of 80 tracked superinvestors hold SDRL (13F, Q2 2026): 0 new, 1 added, 1 reduced, 0 unchanged.
- Analysts: Buy (mean 1.89 on a 1–5 scale) (9 analysts), mean target USD 54 (range 26–80).
- Total return with dividends: 1Y +54.1% vs S&P 500 +14.9%; 5Y +85.6% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD 0.14, revenue estimate $380M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|
| Revenue | $1.50B | $1.39B | $1.44B | $1.53B |
| Operating income | $329M | $412M | $47.0M | $119M |
| Net income | $300M | $446M | -$77.0M | $1.0M |
| EPS (diluted) | $4.12 | $6.37 | — | — |
| Operating margin | 21.9% | 29.7% | 3.3% | 7.8% |
| Net margin | 20.0% | 32.2% | -5.4% | 0.1% |
| Revenue growth | — | -7.8% | +3.8% | — |
| Cash + short-term investments | $697M | $478M | $339M | — |
| Total debt | $608M | $610M | $613M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 3076.4x · P/E ex non-operating (est.) ≈46.2x · P/S 2.0x · EV/EBITDA 8.9x · EV/Sales 2.3x · P/B 1.1x · Earnings yield 0.03% · Net debt $400M · EV $3.48B
P/E at fiscal year-ends: Dec 2024 6.2x, Dec 2023 11.7x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold SDRL. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Samantha McLemore | Patient Capital Management | 2.45% | $73.9M | Reduced -9.3% |
| First Eagle Investment | First Eagle Investment Management | 0.01% | $6.8M | Added +280.4% |

## Analysts
Consensus Buy (mean 1.89 on a 1–5 scale), 9 analysts; mean target USD 54 (low 26, high 80).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-14 | BWS Financial | Maintained | Buy | $80 |
| 2026-08-11 | BWS Financial | Maintained | Buy | $80 |
| 2026-06-29 | BWS Financial | Maintained | Buy | $80 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2022-10-10) |
|---|---|---|
| Total return | +54.1% | +85.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +54.3% | +16.6% |
| Volatility (annualized) | 40.9% | 39.8% |
| Max drawdown | -31.2% (May 2026→Jun 2026) | -65.1% (Jul 2024→Mar 2025) |

## Peers (Oil & Gas Drilling)
HP (Helmerich & Payne, Inc.) USD 37.13 -2.93% · PTEN (Patterson-UTI Energy, Inc.) USD 11.34 -2.91% · VAL (Valaris Limited) USD 92.19 +0.51% · RIG (Transocean Ltd (Switzerland)) USD 6.08 +0.66% · NE (Noble Corporation plc A) USD 43.95 -0.14% · BORR (Borr Drilling Limited) USD 4.08 -3.32%

## More
Full page: https://nexqual.com/SDRL · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.14 | $0.26 | -47.8% | $380.0M | 6 |
| Next quarter (ends 2026-12-31) | $0.21 | $0.40 | -46.8% | $377.7M | 5 |
| Current fiscal year (ends 2026-12-31) | $0.89 | $1.07 | -16.8% | $1.57B | 6 |
| Next fiscal year (ends 2027-12-31) | $3.46 | $3.48 | -0.6% | $1.70B | 7 |