SDRL Seadrill Ltd

company

SEC Filings & Insider Trading Activity 2026

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

What are the latest SDRL SEC filings in 2026?

Seadrill Ltd (SDRL) has filed a 10-K annual report on February 26, 2026, a 10-Q quarterly report on May 11, 2026, an 8-K current report on June 30, 2026 with the SEC. SignalX tracks every new SEC EDGAR filing daily, including 10-K, 10-Q, 8-K, and Form 4 insider transactions, with AI-powered summaries of key sections.

When did SDRL file its most recent 10-K annual report?

Seadrill Ltd (SDRL) filed its most recent 10-K annual report on February 26, 2026. The 10-K includes audited financial statements, business overview, risk factors, and management discussion, all available on SignalX with AI-generated summaries and XBRL financial data.

How do I view SDRL 10-Q quarterly reports?

Seadrill Ltd (SDRL)'s most recent 10-Q quarterly report was filed on May 11, 2026. SignalX displays every SDRL 10-Q with AI-generated summaries of the MD&A (Management Discussion & Analysis) and Risk Factors sections, plus links to the original SEC EDGAR document.

What 8-K current reports has SDRL filed recently?

Seadrill Ltd (SDRL)'s most recent 8-K was filed on June 30, 2026. 8-K filings disclose material corporate events such as earnings releases, executive changes, mergers, and other significant developments. SignalX surfaces each 8-K with item-level summaries so you can quickly see what happened.

Where can I find SDRL insider trading activity (Form 4)?

SignalX aggregates every SDRL Form 4 insider transaction from SEC EDGAR. Form 4 reports show when officers, directors, and 10% shareholders buy or sell company stock, with transaction code, share count, and price per share.

How often does SDRL file with the SEC?

Seadrill Ltd (SDRL) files a 10-K annual report once per year (typically within 60 days of fiscal year-end) and 10-Q quarterly reports three times per year. 8-K current reports are filed as needed when material events occur, and Form 4 insider transaction reports are due within two business days of a trade. SignalX monitors SEC EDGAR daily to surface every new SDRL filing with AI-powered analysis.

What is the difference between 10-K, 10-Q, and 8-K SEC filings?

A 10-K is a comprehensive annual report with audited financials, business overview, and risk factors. A 10-Q is a shorter quarterly report with unaudited financials and management discussion. An 8-K is a current report filed when a material event occurs, such as earnings releases, executive changes, acquisitions, or other significant developments. SignalX provides AI-generated summaries for all three filing types for Seadrill Ltd (SDRL).

What is SDRL's SEC CIK number?

Seadrill Ltd (SDRL)'s SEC CIK (Central Index Key) number is 1737706. The CIK is a unique identifier assigned by the SEC to every filing entity. You can use CIK 1737706 to look up all SDRL filings on SEC EDGAR, or browse them here on SignalX with AI-powered analysis.

Where can I find SDRL return on equity (ROE) and financial data?

SignalX extracts XBRL financial data from Seadrill Ltd (SDRL) 10-K annual filings, including revenue, net income, gross profit, operating income, EPS, total assets, stockholders' equity, and operating cash flow. Return on equity (ROE) can be derived from net income divided by stockholders' equity. Multi-year financial trends are displayed in the Financial Summary table above.