Seadrill (SDRL) Operating Expenses (2018 - 2026)
Seadrill's (SDRL) quarterly Operating Expenses came in at $377.0 million in Q2 2026, up 1.62% year-over-year from $371.0 million in Q2 2025, and up 12.87% quarter-over-quarter from $334.0 million in Q1 2026.
Analysis
Seadrill (SDRL) Operating Expenses (2018 - 2026) Analysis & Trends
Seadrill has disclosed Operating Expenses across 9 years of filings, most recently posting $377.0 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 1.62% year-over-year to $377.0 million; the TTM figure through Jun 2026 stood at $1.4 billion (up 5.61% YoY), while the FY2025 annual figure was $1.4 billion, up 11.94% from the prior year.
- Operating Expenses came in at $377.0 million for Q2 2026 at Seadrill, up from $334.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $377.0 million in Q2 2026 to a low of $290.0 million in Q2 2024.
- Average Operating Expenses over 5 years is $327.7 million, with a median of $322.0 million recorded in 2022.
- Year-over-year, Operating Expenses fell 5.84% in 2024 and increased 27.93% in 2025.
- Over 5 years, Operating Expenses stood at $321.0 million in 2022, then retreated by 4.05% to $308.0 million in 2023, then rose by 4.87% to $323.0 million in 2024, then climbed by 6.5% to $344.0 million in 2025, then increased by 9.59% to $377.0 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $377.0 million in Q2 2026, $334.0 million in Q1 2026, and $344.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.26 Bn | 6.81 Bn | 273.38 Mn | 689.21 Mn |
| 2 | Transocean | 6.44 Bn | 5.65 Bn | 358.00 Mn | 812.00 Mn |
| 3 | Seadrill | 2.98 Bn | 2.62 Bn | 234.00 Mn | 377.00 Mn |
| 4 | Borr Drilling | 1.13 Bn | 907.38 Mn | - | -232.10 Mn |
| 5 | Valaris | 816.35 Mn | 275.15 Mn | 123.70 Mn | 498.70 Mn |
Historic Data
Download Data
Historic 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 |