The offshore driller raised full-year EBITDA guidance to $420M-$450M after Q2 EBITDA reached $144 million.
Seadrill raised its 2026 operating revenue forecast to $1.5 billion-$1.55 billion and EBITDA guidance to $420 million-$450 million. The update follows a stronger-than-expected Q2 performance, with EBITDA hitting $144 million.
The company cited repricing of legacy contracts as a key driver for the upward revision. This marks the second guidance increase this year, reflecting improved market conditions and contract renewals.
Management described the quarter as “very strong,” exceeding internal expectations and supporting the revised outlook.