Stock Analysis

Seadrill Full Year 2023 Earnings: EPS: US$4.23 (vs US$64.02 in FY 2022)

Published
OB:SDRL

Seadrill (OB:SDRL) Full Year 2023 Results

Key Financial Results

  • Revenue: US$1.47b (up 51% from FY 2022).
  • Net income: US$300.0m (down 92% from FY 2022).
  • Profit margin: 20%.
  • EPS: US$4.23 (down from US$64.02 in FY 2022).
OB:SDRL Revenue and Expenses Breakdown March 30th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Seadrill Earnings Insights

The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of US$446.0m (30% of total revenue). Notably, cost of sales worth US$905.0m amounted to 62% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to US$155.0m (58% of total expenses). Explore how SDRL's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Energy Services industry in Norway.

Performance of the Norwegian Energy Services industry.

The company's shares are up 1.3% from a week ago.

Risk Analysis

Be aware that Seadrill is showing 2 warning signs in our investment analysis that you should know about...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.