Seadrill Limited raised its full-year 2026 outlook after posting better-than-expected first-quarter earnings and announcing new contract awards. The company reported an EPS of negative 11 cents, beating the forecast of negative 27.58 cents, and revenue of 358 million dollars, exceeding the predicted 326.75 million dollars. Seadrill now expects full-year operational revenues between 1.43 billion and 1.48 billion dollars, with EBITDA of 370 million to 420 million dollars. Among new contracts, the West Capella rig will deploy to Malaysia for PTTEP in a 440-day deal worth about 157 million dollars starting March 2027, with options for an additional 150 days. The company's fleet status report covers 14 active offshore drilling rigs and provides activity insight through early 2031.
PTT Exploration and Production Public Company LimitedPTTEP awarded a 440-day contract for the West Capella rig, indicating demand for its drilling services.
Seadrill Limited