RSS   Newsletter   Contact   Advertise with us

Seadrill Q2 revenue down 14%

Christian Fernsby ▼ | August 26, 2020
Seadrill Limited announced its second quarter results for the period ended June 30, 2020.
Seadrill
Seadrill   Technical utilization of 97% and economic utilization of 91%
Highlights

Topics: Seadrill

Technical utilization of 97% and economic utilization of 91%

Revenue down 14% at $277 million due to lower management contract revenues

Operating Loss of $88 million

Adjusted EBITDA of $35 million, representing 12.6% margin

Net loss attributable to shareholders of $181 million, equivalent to net loss per share of $1.80

During the quarter we added $41 million in backlog, total backlog now stands at $2.3 billion

Closing cash of $1.0 billion.


 

MORE INSIDE POST