Slide 1: Second Quarter 2026 Earnings Presentation
Second Quarter 2026 Earnings Presentation August 2026
Slide 2: Disclaimer
Disclaimer FORWARD-LOOKING STATEMENTS: This presentation includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts inclu
Slide 3: Second Quarter 2026: Highlights
Second Quarter 2026: Highlights Increased full-year 2026 Total Operating Revenue and Adjusted EBITDA guidance Repurchased $20m of shares in the second quarter Secured contract awards and extensions in U.S. Gulf and Malaysia, adding ~$200m to Contract Backlog 1 Refinanced prior senior notes due in 20
Slide 4: Second Quarter 2026: Financial Results
Second Quarter 2026: Financial Results Total Operating Revenues $449m 1Q26: $358m 4Q25: $362m 3Q25: $363m Adjusted EBITDA 1 $144m 1Q26: $97m 4Q25: $88m 3Q25: $86m CapEx and LTM 2 $57m 1Q26: $51m 4Q25: $69m 3Q25: $88m (1) For a definition and a reconciliation to the most comparable GAAP measure, refe
Slide 5: Seadrill Full-Year 2026: Guidance
Seadrill Full-Year 2026: Guidance Total Operating Revenues 1 $1.50b – 1.55b Prior Guidance: $1.43b - $1.48b Adjusted EBITDA 2 $420m – 450m Prior Guidance: $370m - $420m CapEx and LTM 3 $200m - 240m Prior Guidance: $200m - 240m (1) Total Operating Revenues excludes approximately $50 million of reimbu
Slide 6: Fleet Status Report
Fleet Status Report 1 (1) Fleet status report published at www.IR.Seadrill.com; (2) Owned by Sonangol. 6
Slide 7: Appendix: Reconciliation of Net income/(loss) to Adjusted EBITDA (unaudited)
Appendix: Reconciliation of Net income/(loss) to Adjusted EBITDA (unaudited) Three months ended June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 (In $ millions) Net income/(loss) 29 (7) (10) (11) Depreciation and amortization 72 71 69 58 Loss on impairment of long-lived assets - - 2
Slide 8: Seadrill
Seadrill