Growth Metrics

Seadrill (SDRL) Operating Expenses (2017 - 2026)

Seadrill recorded quarterly Operating Expenses of $334.0 million in Q1 2026, down 2.91% quarter-over-quarter from $344.0 million in Q4 2025, and up 5.36% year-over-year from $317.0 million in Q1 2025.

Seadrill's Operating Expenses history runs 10 years deep, the most recent figure standing at $334.0 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 5.36% year-over-year to $334.0 million; the TTM figure through Mar 2026 stood at $1.4 billion (up 12.05% YoY), while the FY2025 annual figure was $1.4 billion, up 11.94% from the prior year.
  • Operating Expenses came in at $334.0 million for Q1 2026 at Seadrill, down from $344.0 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $371.0 million in Q2 2025 to a low of -$809.0 million in Q4 2022.
  • A 5-year average of $10.1 million and a median of $290.0 million in 2024 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses tumbled 216.02% in 2022 and surged 238.36% in 2024, its largest moves.
  • Seadrill's Operating Expenses stood at -$809.0 million in 2022, then jumped by 56.0% to -$356.0 million in 2023, then soared by 190.73% to $323.0 million in 2024, then grew by 6.5% to $344.0 million in 2025, then dropped 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Precision Drilling 157.47 Bn 157.41 Bn 120.82 Mn 30.44 Mn
2 Noble 8.34 Bn 7.67 Bn 755.58 Mn 560.38 Mn
3 Transocean 7.55 Bn 6.94 Bn 475.00 Mn 798.00 Mn
4 Patterson Uti Energy 4.63 Bn 4.30 Bn 535.85 Mn 1.13 Bn
5 Helmerich & Payne 3.96 Bn 3.86 Bn 907.56 Mn 969.28 Mn
6 Seadrill 3.20 Bn 2.87 Bn 177.00 Mn 334.00 Mn
7 Sable Offshore 2.10 Bn 2.05 Bn -66.76 Mn 120.03 Mn
8 Nabors Industries 1.49 Bn 1.37 Bn 290.08 Mn 765.29 Mn
9 Borr Drilling 1.48 Bn 1.10 Bn - -140.10 Mn

Historic Data

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DateValue
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
Dec 31, 2023 -356.00 Mn
Sep 30, 2023 -304.00 Mn
Jun 30, 2023 -308.00 Mn
Mar 31, 2023 -219.00 Mn
Dec 31, 2022 -809.00 Mn
Sep 30, 2022 -571.00 Mn
Jun 30, 2022 -321.00 Mn
Feb 22, 2022 134.00 Mn
Dec 31, 2021 -256.00 Mn
Sep 30, 2021 -237.00 Mn
Jun 30, 2021 -306.00 Mn
Mar 31, 2021 -260.00 Mn
Dec 31, 2020 -709.00 Mn
Jun 30, 2020 -365.00 Mn
Mar 31, 2020 -383.00 Mn
Dec 31, 2019 -491.00 Mn
Sep 30, 2019 -435.00 Mn
Jun 30, 2019 -397.00 Mn
Mar 31, 2019 -399.00 Mn
Dec 31, 2018 -737.00 Mn
Sep 30, 2018 -355.00 Mn
Jun 30, 2018 -476.00 Mn
Mar 31, 2018 -442.00 Mn
Dec 31, 2017 421.00 Mn
Sep 30, 2017 -1.01 Bn