Seadrill Limited (SDRL) Lifts Revenue Forecast as Contract Backlog Hits $3.1 Billion
The post Seadrill Limited (SDRL) Lifts Revenue Forecast as Contract Backlog Hits $3.1 Billion appeared on BitcoinEthereumNews.com. Key Highlights Seadrill achieves Q1 adjusted EBITDA of $97M while expanding contract pipeline beyond $3.1B. Shares of SDRL advance 3.05% following upgraded 2026 financial projections. Offshore driller secures fresh rig agreements spanning Brazil, Angola, and Gulf of Mexico operations. First-quarter net loss shrinks as improved dayrates strengthen operational performance. Intraday trading shows early volatility despite positive earnings metrics and enhanced outlook. Seadrill Limited delivered improved first-quarter financial performance while announcing contract wins that pushed its total backlog past the $3.1 billion threshold. Shares of SDRL closed at $49.79, marking a 3.05% increase, though the stock retreated from intraday peaks near $53. The quarterly report highlighted strengthening rig market conditions, upgraded forecasts, and extended revenue certai