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

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).

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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