10-Q quarterly report · filed Nov 6, 2025

Seadrill Ltd (SDRL) Q3 2025 10-Q Quarterly Report

Short answer

Seadrill Ltd (SDRL) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $280M with net income of −$11M.

Q3 2025 key financials · XBRL

Revenue
$280M
−2.8% QoQ
Net income
−$11M
+80.4% QoQ
Operating margin
9.3%
EPS (diluted)
−$0.17
+75.0% QoQ

Source: XBRL data from the Seadrill Ltd (SDRL) Q3 2025 10-Q on SEC EDGAR. USD.

Seadrill Ltd Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New risk: $208 million remaining under $500 million repurchase program with no repurchases in Q3 2025, reflecting Board discretion and market uncertainty
  • Most material update: Operating cash flow dropped 85% to $12 million for nine months ended September 30, 2025, due to lower operations and timing of receipts
  • Regulatory risk: $40 million Norwegian krone guarantee issued under Revolving Credit Facility for SFL Hercules Ltd. claim, reducing borrowing capacity
  • Market risk: Capital expenditures of $91 million for rig upgrades and reactivation on West Neptune, West Elara, and West Auriga rigs in 2025
  • Financial risk: Liquidity decreased to $587 million as of September 30, 2025, with $402 million cash and $185 million undrawn credit availability

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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