SDRL - Seadrill Limited Announces Second Quarter 2019 Results
Highlights• Solid operational performance in the quarter with 96% economic utilization• Revenue up 6% at $321 million with increasing reimbursable revenues• Operating Loss of $73 million• Adjusted EBITDA of $69 million• Reported net loss of $206 million equivalent to net loss per share of $2.03• Total cash of $1.5 billion following completion of the Senior Secured Notes tender offer• Order backlog of $1.9 billion as at 30 June 2019 Subsequent EventSince the end of the second quarter, Seadrill and GDI entered into a 50:50 joint venture, Gulfdrill, which will initially