Seadrill (SDRL) Operating Expenses (2018 - 2026)
Seadrill (SDRL) posted Operating Expenses of $334.0 million for Q1 2026, down 2.91% sequentially from $344.0 million in Q4 2025, and up 5.36% YoY from $317.0 million in Q1 2025.
Seadrill (SDRL) Operating Expenses (2018 - 2026) Analysis & Trends
Seadrill has reported Operating Expenses for 9 years, with the latest figure at $334.0 million in Q1 2026.
- Quarterly Operating Expenses rose 5.36% year-over-year to $334.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.4 billion (up 12.05% YoY) and the FY2025 annual result came in at $1.4 billion, up 11.94% from the prior year.
- Operating Expenses eased to $334.0 million in Q1 2026 per SDRL's latest filing, from $344.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $371.0 million in Q2 2025 and troughed at $290.0 million in Q2 2024.
- A 5-year average of $323.2 million and a median of $321.0 million in 2022 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses retreated 5.84% in 2024, then rose 27.93% in 2025.
- Over 5 years, Operating Expenses stood at $321.0 million in 2022, then slipped by 4.05% to $308.0 million in 2023, then advanced by 4.87% to $323.0 million in 2024, then increased by 6.5% to $344.0 million in 2025, then declined by 2.91% to $334.0 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $334.0 million, $344.0 million, and $337.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.49 Bn | 7.04 Bn | 273.38 Mn | 689.21 Mn |
| 2 | Transocean | 6.68 Bn | 5.89 Bn | 358.00 Mn | 812.00 Mn |
| 3 | Patterson Uti Energy | 4.67 Bn | 4.47 Bn | 597.25 Mn | 1.23 Bn |
| 4 | Helmerich & Payne | 4.36 Bn | 4.12 Bn | 349.94 Mn | 846.65 Mn |
| 5 | Seadrill | 2.96 Bn | 2.60 Bn | 234.00 Mn | 377.00 Mn |
| 6 | Borr Drilling | 1.40 Bn | 1.18 Bn | - | 232.10 Mn |
| 7 | Nabors Industries | 1.30 Bn | 785.58 Mn | 309.38 Mn | 802.04 Mn |
| 8 | Precision Drilling | 1.18 Bn | 1.13 Bn | 89.29 Mn | 19.12 Mn |
| 9 | Valaris | 827.45 Mn | 286.25 Mn | 123.70 Mn | 498.70 Mn |
| 10 | Sable Offshore | 771.95 Mn | 750.36 Mn | - | 204.02 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 377.00 Mn |
| Mar 31, 2026 | 334.00 Mn |
| Dec 31, 2025 | 344.00 Mn |
| Sep 30, 2025 | 337.00 Mn |
| Jun 30, 2025 | 371.00 Mn |
| Mar 31, 2025 | 317.00 Mn |
| Dec 31, 2024 | 323.00 Mn |
| Sep 30, 2024 | 307.00 Mn |
| Jun 30, 2024 | 290.00 Mn |
| Mar 31, 2024 | 303.00 Mn |
| Jun 30, 2023 | 308.00 Mn |
| Jun 30, 2022 | 321.00 Mn |
| Jun 30, 2021 | 306.00 Mn |
| Jun 30, 2020 | 365.00 Mn |
| Jun 30, 2019 | 397.00 Mn |
| Jun 30, 2018 | 476.00 Mn |