Equity Profile

SDRL

Seadrill Limited

EnergyOil & Gas Drilling$2.8B

May11Mon

Post-Earnings Recap

ReportedQ1-2026Pre-Market1:01 AM EDT

Seadrill Limited Misses on EPS, Stock Up 0.01%

Metric	Actual	Expected	Surprise
EPS	$-0.11	N/A	-10.00%
Revenue	—	N/A	—

management commentary, guidance changes, and full analysis available with Pro.

Seadrill Limited Misses on EPS, Stock Up 0.01%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$-0.11	N/A	-10.00%
Revenue	—	N/A	—

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based solely on numerical results.

What It Means

Seadrill Limited reported a loss per share of $-0.11, which was below expectations. Despite the EPS miss, the stock saw a slight increase of 0.01%, indicating that investors may have anticipated a worse outcome or are reacting to other factors not reflected in the earnings report.

Company Snapshot

Seadrill Limited (SDRL) operates in the energy sector, focusing on oil and gas drilling. As a major player in offshore drilling, its performance is closely tied to global oil prices and demand for energy, making it a key company to watch in the current energy landscape.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a crucial indicator of the company's profitability and will provide insight into its financial health this quarter.

N/A

Revenue

Revenue figures will help assess the company's operational performance and market demand for its drilling services.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

+154.68%

Avg Stock Reaction

-0.55%

Last Quarter Recap

In Q4 2025, Seadrill reported an EPS of -$0.16, significantly missing estimates. The stock reacted mildly, gaining 0.07% the following day despite the disappointing results.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, given the volatility in oil prices and the company's recent struggles with profitability.

Bull Case

If Seadrill can demonstrate improved operational efficiency and a rebound in demand for drilling services, it could signal a positive turnaround for the company.

Bear Case

Conversely, continued losses and weak revenue could indicate deeper issues within the company, leading to further declines in stock value.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q1-2026?

Given the company's recent history of missing EPS estimates, the market will closely scrutinize this figure to gauge any potential recovery.

How has Seadrill's revenue changed compared to the previous quarter?

Revenue trends will be critical in assessing whether the company is experiencing a rebound in demand for its services.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for a recovery in drilling demand, which could lead to better-than-expected results this quarter.

Supporting Evidence

Seadrill's recent operational adjustments may not yet be reflected in analyst expectations.

The options market is pricing a larger move than the stock has historically experienced, indicating potential overreactions.

Insider activity suggests confidence in future performance, despite recent struggles.

Key Risk

If the EPS comes in above $0.10, it could challenge the negative sentiment surrounding the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether Seadrill can stabilize its earnings amid fluctuating oil prices and demand.

Bull Confirmed If

An EPS of $0.10 or better would confirm a positive turnaround in profitability.

Bear Confirmed If

An EPS of -$0.30 or worse would indicate continued struggles and could lead to further stock declines.

Pre-Earnings Positioning

Options Market

Implied Move

±3.74%

Historical Avg

±2.0%

Pricing rich

The options market is pricing in a move of approximately 3.74%, suggesting that traders expect some volatility around the earnings announcement.

Options are pricing ±9.5% while SDRL has averaged ±2.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.8%

30d HV

26.7%

Calls (800)P/C Ratio: 1.25Puts (1K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich setup in Energy

n=30

Fade rate: 15 of 23 (65%)

This setup has occurred 30 times across Energy in the last 2 years. 15 of 23 (65%) reversed within 5 days — this setup typically fades. The average absolute 1-day move is 2.9%, with a raw directional average of +1.4% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Seadrill beats expectations, history suggests the stock could rise by around 1.82% on the next trading day, confirming a positive trend.

In-Line / Cautious

If results are in line with expectations, the stock may experience a muted reaction as investors await further guidance.

Miss

If the company misses expectations, history suggests a potential decline of about 0.17%, reflecting ongoing concerns about its financial health.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational efficiency improvements.
2Details on new contracts or drilling projects secured.
3Insights into the impact of oil price fluctuations on future earnings.
4Management's outlook on market demand for drilling services.
5Responses to analyst questions regarding cost management strategies.

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a crucial indicator of the company's profitability and will provide insight into its financial health this quarter.

N/A

Revenue

Revenue figures will help assess the company's operational performance and market demand for its drilling services.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

+154.68%

Avg Stock Reaction

-0.55%

Last Quarter Recap

In Q4 2025, Seadrill reported an EPS of -$0.16, significantly missing estimates. The stock reacted mildly, gaining 0.07% the following day despite the disappointing results.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, given the volatility in oil prices and the company's recent struggles with profitability.

Bull Case

If Seadrill can demonstrate improved operational efficiency and a rebound in demand for drilling services, it could signal a positive turnaround for the company.

Bear Case

Conversely, continued losses and weak revenue could indicate deeper issues within the company, leading to further declines in stock value.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q1-2026?

Given the company's recent history of missing EPS estimates, the market will closely scrutinize this figure to gauge any potential recovery.

How has Seadrill's revenue changed compared to the previous quarter?

Revenue trends will be critical in assessing whether the company is experiencing a rebound in demand for its services.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for a recovery in drilling demand, which could lead to better-than-expected results this quarter.

Supporting Evidence

Seadrill's recent operational adjustments may not yet be reflected in analyst expectations.

The options market is pricing a larger move than the stock has historically experienced, indicating potential overreactions.

Insider activity suggests confidence in future performance, despite recent struggles.

Key Risk

If the EPS comes in above $0.10, it could challenge the negative sentiment surrounding the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether Seadrill can stabilize its earnings amid fluctuating oil prices and demand.

Bull Confirmed If

An EPS of $0.10 or better would confirm a positive turnaround in profitability.

Bear Confirmed If

An EPS of -$0.30 or worse would indicate continued struggles and could lead to further stock declines.

Pre-Earnings Positioning

Options Market

Implied Move

±3.74%

Historical Avg

±2.0%

Pricing rich

The options market is pricing in a move of approximately 3.74%, suggesting that traders expect some volatility around the earnings announcement.

Options are pricing ±9.5% while SDRL has averaged ±2.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.8%

30d HV

26.7%

Calls (800)P/C Ratio: 1.25Puts (1K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich setup in Energy

n=30

Fade rate: 15 of 23 (65%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Seadrill beats expectations, history suggests the stock could rise by around 1.82% on the next trading day, confirming a positive trend.

In-Line / Cautious

If results are in line with expectations, the stock may experience a muted reaction as investors await further guidance.

Miss

If the company misses expectations, history suggests a potential decline of about 0.17%, reflecting ongoing concerns about its financial health.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational efficiency improvements.
2Details on new contracts or drilling projects secured.
3Insights into the impact of oil price fluctuations on future earnings.
4Management's outlook on market demand for drilling services.
5Responses to analyst questions regarding cost management strategies.