SDRL - Seadrill Limited Announces Third Quarter 2018 Results
Highlights · Revenue of $249 million · Operating loss of $106 million · Adjusted EBITDA of $46 million · 98% economic utilization · Reported net loss of $245 million and diluted net loss per share of $2.40 · Total cash of $2.1 billion · Seadrill Limited order backlog of approximately $2.1 billion · Added $296 million in backlog since the end of the second quarter Anton Dibowitz, CEO, commented: "Having restructured our business, we are now well positioned to capitalize on the recovery. The combination of a strong cash position, no near-term