Seadrill Limited (SDRL) Releases Q1 2026 Earnings: Revenue Beats but EPS Improves

Seadrill Limited (SDRL) reported first-quarter 2026 results. Revenue reached $358 million, up 6.9% year‑over‑year and above the consensus estimate of $332.3 million. Diluted earnings per share were -$0.11, an improvement versus the estimate of -$0.25.

Revenue: $358 million (+6.9% YoY)

Gross profit: $121 million (-22.4% YoY)

Operating profit: $24 million (+33.3% YoY)

Net loss attributable to common shareholders: $7 million (worsened 143.8% YoY)

Cost of sales: $237 million (+32.4% YoY)

Balance sheet and cash-flow highlights:

Cash from operating activities: outflow of $22 million (-18.5% YoY)

Purchases of property, plant and equipment: $13 million (-71.1% YoY)

Cash and cash equivalents: $304 million (-24.8% YoY)

Total liabilities: $1.14 billion (-1.2% YoY)

Key takeaways:

Top-line growth beat expectations while the company still reported a small net loss for the quarter.

Gross profit declined substantially year over year even as operating profit improved, indicating shifts in margin dynamics.

Cash reserves remain in the hundreds of millions but have declined year over year; capital spending was notably lower versus the prior period.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Seadrill Limited Hedge Fund Activity

We have seen 108 institutional investors add shares of Seadrill Limited stock to their portfolio, and 111 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

DME CAPITAL MANAGEMENT, LP removed 1,588,828 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $54,973,448
CITADEL ADVISORS LLC added 1,209,679 shares (+1789.1%) to their portfolio in Q4 2025, for an estimated $41,854,893
ALLIANCEBERNSTEIN L.P. added 955,013 shares (+1326.0%) to their portfolio in Q4 2025, for an estimated $33,043,449
ELLIOTT INVESTMENT MANAGEMENT L.P. added 855,012 shares (+23.1%) to their portfolio in Q4 2025, for an estimated $29,583,415
UBS GROUP AG added 830,504 shares (+27.9%) to their portfolio in Q1 2026, for an estimated $37,787,932
THOMIST CAPITAL MANAGEMENT, LP added 566,419 shares (+44.6%) to their portfolio in Q4 2025, for an estimated $19,598,097
WELLINGTON MANAGEMENT GROUP LLP added 531,564 shares (+84.2%) to their portfolio in Q4 2025, for an estimated $18,392,114

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.

Seadrill Limited Analyst Ratings

Wall Street analysts have issued reports on $SDRL in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

BTIG issued a "Buy" rating on 01/09/2026

To track analyst ratings and price targets for Seadrill Limited, check out Quiver Quantitative's $SDRL forecast page.

Seadrill Limited Price Targets

Multiple analysts have issued price targets for $SDRL recently. We have seen 4 analysts offer price targets for $SDRL in the last 6 months, with a median target of $57.0.

Here are some recent targets:

Eddie Kim from Barclays set a target price of $59.0 on 05/07/2026
Gregory Lewis from BTIG set a target price of $55.0 on 04/17/2026
Scott Gruber from Citigroup set a target price of $48.0 on 04/15/2026
Hamed Khorsand from BWS Financial set a target price of $80.0 on 04/07/2026