SDRL at a glance
Seadrill Ltd (SDRL, SEC CIK 1737706) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 10, 2026, an 8-K current report on August 10, 2026 and Form 4 insider filings as recently as June 12, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Seadrill Ltd (SDRL) reported revenue of $1.1 billion (up 7.9% from FY2024) and a net loss of $77.0 million.
- As of June 30, 2026, 27 institutional investment managers tracked by SignalX reported holding Seadrill Ltd (SDRL) shares worth $764.6 million in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Wieggers Marcel on June 11, 2026 of 13,474 shares at $44.94 per share.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $1.1B
- +7.9% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 27 funds
- $764.6M · +0 vs prior quarter
- Latest 8-K
- Aug 10, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: Worldwide offshore drilling services via ownership and operation of drillships and semi-submersibles for shallow to ultra-deepwater contracts
- New emphasis: Upgraded drillship entering contract Q2 2026, expanding management services for Sonangol’s two drilling units
- Strategic shift: Delisted common shares from Oslo Stock Exchange (Sep 2024) to focus on NYSE and Euronext listings for broader capital access
- Quantitative: Employee count steady at ~3,000; fleet of 15 drilling units with 10 active, 1 upgraded, 3 cold stacked as of Dec 31, 2025
- Noteworthy: Total Recordable Incident Rate (TRIR) improved to 0.17 in 2025, well below 2025 IADC average of 0.34, reflecting strong safety performance
Risk Factors
- Regulatory/legal risk: U.S. tariffs under Trade Act of 1974 may impose 10-15% global tariffs, pressuring costs across operating jurisdictions and reducing competitive pricing
- Geopolitical/macroeconomic threat: Ongoing conflicts in Ukraine and the Middle East create regional instability, potentially disrupting offshore drilling activity and supply chains
- Operational/supply chain vulnerability: Rig upgrade delays due to shipyard financial problems, labor shortages, or weather interference may cause costly downtime and contract penalties
- Competitive/market disruption risk: February 2026 merger of two major competitors may create larger rivals with enhanced scale, threatening contract awards and market share
- Financial/structural risk: Increased competition for skilled offshore crew and local staffing regulatory requirements in Brazil and West Africa may raise costs and risk contract penalties for under-staffing
Management Discussion & Analysis
- Revenue $1,437M, up 4% YoY from $1,385M, driven by 8% increase in contract revenues (+$80M) partially offset by declines in reimbursable and leasing revenues
- Operating profit $47M vs $412M, operating margin 3.3% vs 29.7%, impacted by increased operating expenses (+12%) and loss on impairment of $22M
- Best performing segment: Contract revenues $1,089M, up 8% YoY; worst: Leasing revenues $33M, down 39% YoY due to asset disposals
- Vessel and rig operating expenses up $55M (8%) due to fleet activity, depreciation +42% due to capital projects; management contract expenses +33% from unfavorable court judgment
- Share repurchases of $634M authorized since 2023, $192M repurchased by September 2024; capital allocation targets <1.0x net leverage, minimum $250M cash-on-hand
- Management expects market recovery in 2027 amid increased global tendering activity; risks include U.S. trade policy volatility, inflationary cost pressures, and deferral of offshore expenditures
AI summary of the SDRL 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Risk Factors
- No risk-factors section provided; supplied text covers Items 2–6 rather than quarterly risk disclosures
- Financial risk: $188.2 million remaining under the $500 million share-repurchase authorization through December 31, 2026
- Financial risk: 6.750% Senior Notes due 2034 issued June 30, 2026
- Financing risk: Senior Secured Revolving Credit Agreement amended June 16, 2026
- Compliance risk: No director or officer adopted, modified, or terminated a Rule 10b5-1 arrangement during the quarter
AI summary of the SDRL 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Seadrill reported second-quarter 2026 results on August 10, 2026
- Detailed financial results and management commentary appear in Exhibit 99.1
Item 2.03: Creation of a Direct Financial Obligation
- 2030 Notes fully defeased using Offering proceeds, eliminating approximately $575 million outstanding principal
- Redemption included 103% premium on 10% tranche, 100% plus make-whole premium on remainder
Item 1.01: Entry into a Material Definitive Agreement
- $700 million raised through 6.750% senior notes due July 15, 2034
- Semiannual interest payments begin January 15, 2027, increasing Seadrill’s fixed debt-service obligations
Item 7.01: Regulation FD Disclosure
- Share repurchase program extended through December 31, 2026
- Continued buyback authorization signals capital-return priority and potential support for SDRL shares
Item EX-99.1: Item EX-99.1
- $500 million repurchase authorization extended through December 31, 2026 from June 25, 2026
- Approximately $208 million remained available as of June 19, 2026
AI summaries of SDRL 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for SDRL
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Wieggers Marcel | Sell | Jun 11, 2026 | 13,474 | $44.94 |
| Creed Grant R | Sell | Jun 11, 2026 | 27,952 | $44.92 |
| Wieggers Marcel | Sell | Jun 11, 2026 | 1 | $44.61 |
| Creed Grant R | Sell | Jun 11, 2026 | 6,195 | $44.20 |
| Strickler Todd D | Sell | Jun 10, 2026 | 31,409 | $44.69 |
| Sauer-Petersen Torsten | Sell | Jun 10, 2026 | 42,625 | $44.68 |
| Zambelli Ana | A | Jun 3, 2026 | 2,618 | - |
| ROBERTSON JULIE J | A | Jun 3, 2026 | 3,272 | - |
Financial SummaryXBRL
| Metric | FY2022 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $1.0B | $1.1B |
| Operating Income | - | $412.0M | $47.0M |
| Net Income | - | $446.0M | -$77.0M |
| Op. Margin | - | 40.8% | 4.3% |
| Net Margin | - | 44.2% | -7.1% |
| Balance Sheet | |||
| Total Assets | $3.0B | $4.2B | $3.9B |
| Equity | - | $2.9B | $2.9B |
| ROE | - | 15.3% | -2.7% |
| Per Share | |||
| EPS | - | $6.37 | - |
| Cash Flow | |||
| Operating CF | - | $88.0M | -$28.0M |
Source: XBRL data in Seadrill Ltd (SDRL)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate SDRL share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 27 | $764.6M |
| Q1 2026 | 27 | $940.5M |
| Q4 2025 | 23 | $711.5M |
| Q3 2025 | 22 | $604.6M |
| Q2 2025 | 24 | $510.5M |
| Q1 2025 | 22 | $257.9M |
| Q4 2024 | 19 | $335.6M |
| Q3 2024 | 15 | $236.9M |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 179 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
SDRL filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Aug 10, 2026 | - | Analysis | - |
| 10-Q | Aug 10, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jun 30, 2026 | - | Analysis | - |
| 8-K | Jun 22, 2026 | - | Analysis | - |
| 8-K | Jun 18, 2026 | - | Analysis | - |
| 8-K | Jun 15, 2026 | - | Analysis | - |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | Jun 5, 2026 | - | - | |
| 4 | Jun 5, 2026 | - | - | |
| 4 | Jun 5, 2026 | - | - | |
| 4 | Jun 5, 2026 | - | - | |
| 4 | Jun 5, 2026 | - | - | |
| 4 | Jun 5, 2026 | - | - | |
| 4 | Jun 5, 2026 | - | - | |
| 4 | Jun 5, 2026 | - | - | |
| 8-K | Jun 5, 2026 | - | Analysis | |
| 4 | Jun 5, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - |
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SDRL SEC filings: frequently asked questions
Which institutions hold SDRL stock?
As of June 30, 2026, the largest Seadrill Ltd (SDRL) holders among the 13F filers tracked by SignalX were BlackRock ($207.5 million), Dimensional Fund Advisors ($137.5 million), Vanguard Capital Management LLC ($102.8 million), State Street Corp ($70.8 million), FMR LLC (Fidelity) ($43.5 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was SDRL's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Seadrill Ltd (SDRL) reported revenue of $1.1 billion (up 7.9% from FY2024) and a net loss of $77.0 million. The figures come from the XBRL data in the 10-K.
What are the main risks in SDRL's latest 10-K?
In the 10-K filed February 26, 2026, Seadrill Ltd (SDRL) flagged: Regulatory/legal risk: U.S. tariffs under Trade Act of 1974 may impose 10-15% global tariffs, pressuring costs across operating jurisdictions and reducing competitive pricing. Geopolitical/macroeconomic threat: Ongoing conflicts in Ukraine and the Middle East create regional instability, potentially disrupting offshore drilling activity and supply chains. (AI summary of the Risk Factors section.)
What did SDRL report in its latest 8-K?
Seadrill Ltd (SDRL) filed an 8-K on August 10, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Seadrill reported second-quarter 2026 results on August 10, 2026.
What are the latest SDRL SEC filings?
Seadrill Ltd (SDRL) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 10, 2026, an 8-K current report on August 10, 2026 and a Form 4 insider filing on June 12, 2026.
What is SDRL's SEC CIK number?
Seadrill Ltd (SDRL)'s SEC Central Index Key (CIK) is 1737706. EDGAR lists every SDRL filing under that number.
Ask anything about SDRL
The research agent reads SDRL's filings, financials, insider trades and 13F holders, then answers with sources.