SDRL - Seadrill Limited Announces First Quarter 2019 Results
Highlights · Revenue of $302 million · Operating loss of $71 million · Adjusted EBITDA of $72 million · 93% economic utilization · Reported net loss of $296 million and net loss per share of $2.95 · Total cash of $1.9 billion · Seadrill Limited order backlog of approximately $1.9 billion · $130 million added to backlog since our last earnings report in February Anton Dibowitz, CEO, commented: "We continue to see increased contracting activity in the deepwater market, in many instances with improved contract terms such as mobilization payments and