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
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