Seadrill (SDRL) Tax Provisions (2024 - 2026)
Seadrill's (SDRL) quarterly Tax Provisions came in at $23.0 million in Q1 2026, up 53.33% year-on-year from $15.0 million in Q1 2025, and up 179.31% quarter-over-quarter from -$29.0 million in Q4 2025.
Seadrill (SDRL) Tax Provisions (2024 - 2026) Analysis & Trends
Seadrill has disclosed Tax Provisions across 3 years of filings, most recently posting $23.0 million for Q1 2026.
- Tax Provisions for Q1 2026 came in at $23.0 million, up 53.33% year-over-year; the trailing twelve-month figure through Mar 2026 was $34.0 million (up 131.48% YoY), and the FY2025 annual result was $26.0 million, up 123.01% from the prior year.
- Tax Provisions came in at $23.0 million for Q1 2026 at Seadrill, up from -$29.0 million in the prior quarter.
- In the past five years, Tax Provisions ranged from a high of $29.0 million in Q2 2025 to a low of -$133.0 million in Q4 2024.
- The 3-year median for Tax Provisions is $10.0 million (2024), against an average of -$7.1 million.
- Peak annual rise in Tax Provisions reached 866.67% in 2025, while the deepest fall reached 50.0% in 2025.
- Seadrill's Tax Provisions stood at -$133.0 million in 2024, then soared by 78.2% to -$29.0 million in 2025, then surged by 179.31% to $23.0 million in 2026.
- The last three Tax Provisions figures came in at $23.0 million (Q1 2026), -$29.0 million (Q4 2025), and $11.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 156.90 Bn | 156.84 Bn | 120.82 Mn | 6.72 Mn |
| 2 | Noble | 7.48 Bn | 6.81 Bn | 755.58 Mn | 72.95 Mn |
| 3 | Transocean | 6.71 Bn | 6.09 Bn | 475.00 Mn | -54.00 Mn |
| 4 | Patterson Uti Energy | 4.36 Bn | 4.03 Bn | 535.85 Mn | -3.60 Mn |
| 5 | Helmerich & Payne | 3.92 Bn | 3.82 Bn | 907.56 Mn | 9.30 Mn |
| 6 | Seadrill | 2.75 Bn | 2.42 Bn | 177.00 Mn | 23.00 Mn |
| 7 | Sable Offshore | 1.56 Bn | 1.51 Bn | -66.76 Mn | - |
| 8 | Nabors Industries | 1.45 Bn | 1.33 Bn | 290.08 Mn | 11.83 Mn |
| 9 | Borr Drilling | 1.40 Bn | 1.16 Bn | - | -11.10 Mn |
| 10 | Valaris | 492.40 Mn | -85.40 Mn | 92.00 Mn | 18.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 23.00 Mn |
| Dec 31, 2025 | -29.00 Mn |
| Sep 30, 2025 | 11.00 Mn |
| Jun 30, 2025 | 29.00 Mn |
| Mar 31, 2025 | 15.00 Mn |
| Dec 31, 2024 | -133.00 Mn |
| Sep 30, 2024 | 7.00 Mn |
| Jun 30, 2024 | 3.00 Mn |
| Mar 31, 2024 | 10.00 Mn |