Seadrill reports Q4 EPS $1.54, may not compare to consensus (41c)

EPS in 3Q24 was 49c. Reports Q4 revenue $289M, consensus $296.81M. “During Q4, we secured long-term contracts for West Jupiter and West Tellus, adding $1B in backlog; sold the cold-stacked West Prospero at a favorable valuation compared to recent sales by our peers; and repurchased $100M of shares under our share repurchase program,” said CEO Simon Johnson. “With a strong balance sheet, and durable backlog that extends meaningfully into 2029, we are well-positioned to navigate any market volatility.”