{
  "url": "https://struct.news/briefs/seadrills-profit-rebound-came-with-worse-cash-flow-and-311m-in-receivables",
  "title": "Seadrill's profit rebound came with worse cash flow and $311M in receivables",
  "summary": "A $51 million management-contract expense drop, tied to last year's Sonadrill court damages, did most of the work.",
  "published_at": "2026-08-10T20:05:27.702924+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Seadrill Limited",
    "ticker": "SDRL",
    "cik": "1737706",
    "sector": "Energy",
    "industry": "Oil & Gas Drilling"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-08-10",
    "accession": "0001737706-26-000026",
    "url": "https://www.sec.gov/Archives/edgar/data/1737706/000173770626000026/sdrl-20260630.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-08-07",
    "url": "https://www.sec.gov/Archives/edgar/data/1737706/000173770625000008/sdrl-20250630.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 1089000000,
      "display": "$1.1B",
      "unit": "usd",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0001737706-26-000026",
        "filing_date": "2026-08-10"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 7.9286422200198325,
      "display": "+7.9%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001737706-26-000026",
        "filing_date": "2026-08-10"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": 4.315886134067952,
      "display": "+4.3%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001737706-26-000026",
        "filing_date": "2026-08-10"
      }
    }
  ],
  "watch_next": [
    {
      "type": "litigation",
      "statement": "Management-contract expense fell because estimated damages from the Sonadrill court judgment did not recur in the latest three months.",
      "importance": "medium",
      "evidence": "Management contract expenses decreased by $51 million during the three months ended June 30, 2026, compared to the three months ended June 30, 2025, primarily attributable to estimated damages recognized following the unfavorable court judgment related to fees for arranging the Sonadrill joint venture in the three months ended June 30, 2025, not recurring in the three months ended June 30, 2026.",
      "source_date": "2026-08-10"
    }
  ],
  "related_tickers": [
    "SDRL"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}