GeneralBullishBlockonomi · 3h ago6/10
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Seadrill Limited (SDRL) Lifts Revenue Forecast as Contract Backlog Hits $3.1 Billion
Seadrill Limited (SDRL) reported strong Q1 results with $97M EBITDA and a contract backlog reaching $3.1 billion, leading to a 3% stock price increase and upgraded 2026 financial guidance. The substantial backlog demonstrates sustained demand for the offshore drilling company's services and positions it for improved revenue visibility.