Seadrill Limited (NYSE:SDRL ) Q1 2025 Earnings Conference Call May 12, 2025 9:00 AM ET Company Participants Kevin Smith - VP, Corporate Finance & IR Simon Johnson - President & CEO Samir Ali - Executive VP & Chief Commercial Officer Grant Creed - Executive VP & CFO Conference Call Participants David Smith - Pickering Energy Partners Fredrik Stene - Clarksons Securities Greg Lewis - BTIG Hamed Khorsand - BWS Financial Operator Thank you standing by. My name is Ian, and I'll be your conference operator today.
Seadrill Limited added $1 billion in backlogs and repurchased $100 million in shares, securing future revenues and rewarding shareholders. Despite market pessimism and legal issues, SDRL's strong contracts and young fleet position it well for future growth. SDRL's valuation is attractive, trading at 0.51x book value, with significant upside potential due to share buybacks and a solid balance sheet.
Seadrill Limited, despite being the smallest major deep-water driller, has a clean balance sheet, low net debt, and is generating 20X EBITDA from three years ago. Analysts rate Seadrill as a buy, with price targets between $42-$80, presenting a favorable risk/reward for risk-tolerant investors. Seadrill's strong EV/EBITDA ratio, high operating margins, and strategic fleet positioning in the Deep Water "Golden Triangle" support its buy thesis.
Seadrill Limited (NYSE:SDRL ) Q4 2024 Earnings Conference Call February 27, 2025 10:00 AM ET Company Participants Kevin Smith - Vice President of Corporate Finance & Head of Investor Relations Simon Johnson - President & Chief Executive Officer Samir Ali - Executive Vice President & Chief Commercial Officer Grant Creed - Executive Vice President & Chief Financial Officer Conference Call Participants David Smith - Pickering Energy Partners Kurt Hallead - Benchmark Greg Lewis - BTIG Fredrik Stene - Clarksons Securities Ben Nolan - Stifel Noel Parks - Tuohy Brothers Josh Jayne - Daniel Energy Partners Operator Good morning and thank you standing by. My name is Kelvin, and I'll be your conference operator today.
Seadrill (SDRL) came out with quarterly earnings of $1.07 per share, beating the Zacks Consensus Estimate of a loss of $0.34 per share. This compares to earnings of $0.95 per share a year ago.
Seadrill's divestment of West Prospero aligns with the company's broader objective to withdraw from the benign jack-up market.
SDRL states that the new contracts add approximately $1 billion to its order backlog, potentially increasing its earnings and free cash flow in 2026.
Seadrill mentions that its contract with Petrobras has a total value of $1.1 billion, including mobilization fees and other additional services.
Start Time: 09:00 January 1, 0000 9:43 AM ET Seadrill Limited (NYSE:SDRL ) Q3 2024 Earnings Call November 13, 2024, 09:00 AM ET Company Participants Simon Johnson - President and CEO Grant Creed - EVP and CFO Samir Ali - EVP and CCO Lydia Mabry - Director of IR Conference Call Participants David Smith - Pickering Energy Partners Kurt Hallead - Benchmark Fredrik Stene - Clarksons Securities Hamed Khorsand - BWS Financial Josh Jayne - Daniel Energy Partners Noel Parks - Tuohy Brothers Investment Research Operator Hello, and welcome to the Seadrill Third Quarter 2024 Earnings Call. All lines have been placed on mute to prevent any background noise.
Seadrill (SDRL) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $1.10 per share a year ago.
Seadrill (SDRL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The two offshore oil drilling companies have discussed how to structure a potential merger, according to a report.