Seadrill Soars 10.67% on Strong Earnings, Strategic Wins

On April 14, 2025, Seadrill's stock surged by 10.67% in pre-market trading, reflecting a significant bullish sentiment among investors.

Seadrill Limited recently reported strong 2024 earnings and strategic wins, which have bolstered investor confidence. The company's earnings call highlighted both achievements and challenges, providing a comprehensive view of its financial health and operational strategies.

Analysts have maintained a strong buy rating for Seadrill, citing its resilient growth and strategic contract wins. The company's deepwater drilling outlook remains constructive, with an expected acceleration of drilling contract awards for 2026 and beyond. Pricing for 7G drillships has held firm in the mid-to-high $400k/day range, indicating strong market demand.

However, there are concerns regarding Seadrill's EBITDA performance, which missed by 17% in the fourth quarter of 2024. Additionally, the company is involved in a lawsuit with SFL Hercules, resulting in an order to pay $48 million. Operational delays, such as the West Polaris beginning planned work in Brazil and the West Tellus being offline for 50 days, have also impacted the company's first-quarter results.