Seadrill (SDRL) reported second-quarter 2026 total operating revenues of $449 million, compared with $358 million in the prior quarter. Net income was $29 million, and diluted earnings per share were $0.47.
The offshore drilling company said it secured contract awards and extensions in the U.S. Gulf and Malaysia, added approximately $200 million to contract backlog after its May fleet status report, and raised its full-year 2026 revenue and Adjusted EBITDA guidance ranges.
- Total operating revenues were $449 million for the quarter ended June 30, 2026.
- Net income was $29 million, compared with a net loss of $7 million in the prior quarter.
- Diluted earnings per share were $0.47.
- Seadrill repurchased approximately $20 million of shares in the second quarter and extended its share repurchase program through December 31, 2026.
- Contract backlog was approximately $2.9 billion as of August 10, 2026.
- Full-year 2026 total operating revenue guidance was increased to $1.50 billion to $1.55 billion, excluding $50 million of reimbursable revenues.
$SDRL Insider Trading Activity
$SDRL insiders have traded $SDRL stock on the open market 6 times in the past 6 months. Of those trades, 0 have been purchases and 6 have been sales.
Here’s a breakdown of recent trading of $SDRL stock by insiders over the last 6 months:
- TORSTEN SAUER-PETERSEN (See Remarks) sold 42,625 shares for an estimated $1,904,485
- GRANT R CREED (Executive Vice President & CFO) has made 0 purchases and 2 sales selling 34,147 shares for an estimated $1,529,422.
- TODD D STRICKLER (SVP & General Counsel) sold 31,409 shares for an estimated $1,403,668
- MARCEL WIEGGERS (Senior VP, Operations) has made 0 purchases and 2 sales selling 13,475 shares for an estimated $605,566.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$SDRL Hedge Fund Activity
We have seen 135 institutional investors add shares of $SDRL stock to their portfolio, and 81 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CANYON CAPITAL ADVISORS LLC removed 2,480,283 shares (-66.3%) from their portfolio in Q1 2026, for an estimated $112,852,876
- THOMIST CAPITAL MANAGEMENT, LP removed 1,835,718 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $83,525,169
- MEREWETHER INVESTMENT MANAGEMENT, LP added 867,338 shares (+inf%) to their portfolio in Q1 2026, for an estimated $39,463,879
- UBS GROUP AG added 830,504 shares (+27.9%) to their portfolio in Q1 2026, for an estimated $37,787,932
- ADAGE CAPITAL PARTNERS GP, L.L.C. removed 648,328 shares (-20.8%) from their portfolio in Q1 2026, for an estimated $29,498,924
- BLACKROCK, INC. added 538,485 shares (+10.9%) to their portfolio in Q2 2026, for an estimated $20,365,502
- EVERSOURCE WEALTH ADVISORS, LLC removed 432,886 shares (-99.9%) from their portfolio in Q2 2026, for an estimated $16,371,748
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
