Seadrill Limited (SDRL) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by. My name is Gil and I will be a conference operator today. At this time, I would like to welcome everyone to the C-drill second quarter 225 earnings call. All lines have been phased and used to prevent any background noise. After the speakers remarks, there will be a question and answer session. If you would like to ask questions during that time, simply press star followed by the number one on your telephone keypad. If you would like to read their question, can the press star one again? It is now my pleasure to turn today's call over to Mr. Kevin Smith, Vice President of Corporate Finance and Investor Relations. Please go ahead. Welcome to C-drill second quarter, 2025 earnings call. I'm Kevin Smith, Vice President of Corporate Finance and Investor Relations. And I'm joined today by Simon Johnson, President and Chief Executive Officer, Samira Lee, Executive Vice President and Chief Commercial Officer, and Grant Creed, Executive Vice President and Chief Financial Officer. Our call will include forward-looking statements that involve risks and uncertainty. Actual results may differ materially. No one should assume these forward-looking statements remain valid later in the quarter or year, and we assume no obligation to update them except as required by securities law. Our filings with the US Securities Exchange Commission provide a more detailed discussion of our forward-looking statements and the risk factors affecting our business. During the call, we will also reference non-GAAP measures. Our earnings release furnished to the SEC and available on our website includes reconciliations with the nearest corresponding GAAP measures. Our use of the term EBITDA on today's call corresponds with the term adjusted EBITDA as defined in our earnings re...