SDRL news

Seadrill reported a net income of $29 million and Adjusted EBITDA of $144 million for Q2 2026, while increasing full-year revenue and EBITDA guidance. The company also extended its share repurchase program and completed a senior notes refinancing.

The company filed an indenture to issue $6.750% Senior Notes due 2034 guaranteed by the parent. This debt issuance indicates the company is actively raising capital for ongoing operations and restructuring.

Seadrill Limited extended its $500 million share repurchase program by six months, with $208 million remaining available as of June 19, 2026. The extension demonstrates the company's commitment to returning capital to shareholders amid its deepwater drilling operations.

Seadrill Finance Limited intends to offer $600 million in senior unsecured notes to refinance existing 8.375% notes due 2030, reducing near-term debt obligations. The offering targets qualified institutional buyers under Rule 144A and Regulation S, supporting the company's debt management strategy.

Seadrill Limited amended its 2022 Management Incentive Plan to increase available shares for awards by 1.4 million, raising the total share reserve to 4.31 million. The amendment requires shareholder approval at the company's 2026 Annual General Meeting and is relevant for assessing potential diluti…