SDRL - Seadrill Limited Announces Fourth Quarter 2018 Results
Highlights · Revenue of $292 million · Operating loss of $69 million · Adjusted EBITDA of $73 million · 96% economic utilization · Reported net loss of $360 million and net loss per share of $3.62 · Total cash of $2 billion · Seadrill Limited order backlog of approximately $2 billion · Added $89 million in backlog since our last earnings report in November Anton Dibowitz, CEO, commented: "The offshore drilling market continues to show signs of improvement with increased tendering activity and better contract economics. We expect more activity in 2019