Seadrill (SDRL) Operating Expenses (2024 - 2026)
Seadrill's (SDRL) quarterly Operating Expenses came in at $334.0 million in Q1 2026, up 5.36% year-on-year from $317.0 million in Q1 2025, and down 2.91% quarter-over-quarter from $344.0 million in Q4 2025.
Seadrill (SDRL) Operating Expenses (2024 - 2026) Analysis & Trends
Seadrill has disclosed Operating Expenses across 3 years of filings, most recently posting $334.0 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $334.0 million, up 5.36% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.4 billion (up 12.05% YoY), and the FY2025 annual result 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 $290.0 million in Q2 2024.
- The 3-year median for Operating Expenses is $323.0 million (2024), against an average of $325.1 million.
- Peak annual rise in Operating Expenses reached 27.93% in 2025, while the deepest fall reached 4.62% in 2025.
- Seadrill's Operating Expenses stood at $323.0 million in 2024, then climbed by 6.5% to $344.0 million in 2025, then slipped by 2.91% to $334.0 million in 2026.
- The last three Operating Expenses figures came in at $334.0 million (Q1 2026), $344.0 million (Q4 2025), and $337.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 156.90 Bn | 156.84 Bn | 120.82 Mn | 30.44 Mn |
| 2 | Noble | 7.48 Bn | 6.81 Bn | 755.58 Mn | 560.38 Mn |
| 3 | Transocean | 6.71 Bn | 6.09 Bn | 475.00 Mn | 798.00 Mn |
| 4 | Patterson Uti Energy | 4.36 Bn | 4.03 Bn | 535.85 Mn | 1.13 Bn |
| 5 | Helmerich & Payne | 3.92 Bn | 3.82 Bn | 907.56 Mn | 969.28 Mn |
| 6 | Seadrill | 2.75 Bn | 2.42 Bn | 177.00 Mn | 334.00 Mn |
| 7 | Sable Offshore | 1.56 Bn | 1.51 Bn | -66.76 Mn | 120.03 Mn |
| 8 | Nabors Industries | 1.45 Bn | 1.33 Bn | 290.08 Mn | 765.29 Mn |
| 9 | Borr Drilling | 1.40 Bn | 1.16 Bn | - | -144.70 Mn |
| 10 | Valaris | 492.40 Mn | -85.40 Mn | 92.00 Mn | 452.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |