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.
HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill Announces Fourth Quarter and Full Year 2024 Results.
HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill Announces Fourth Quarter and Full Year 2024 Earnings Release and Conference Call.
Seadrill's divestment of West Prospero aligns with the company's broader objective to withdraw from the benign jack-up market.
HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill Announces Sale of Jack-Up West Prospero.
SDRL states that the new contracts add approximately $1 billion to its order backlog, potentially increasing its earnings and free cash flow in 2026.
HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill Announces Brazil Contract Award for West Tellus.