Seadrill (SDRL) Q2 FY26 earnings call

Seadrill delivered a strong second quarter, marked by excellent operational execution and significant contract wins, leading to a second upward revision of full-year guidance. The company is focused on maximizing free cash flow, which enabled the resumption of share repurchases, and is strategically positioning its fleet to capitalize on a tightening deepwater market, particularly in 2027 and beyond. Management emphasized disciplined contracting and a relentless focus on operational reliability.