Seadrill Announces Third Quarter 2023 Results and Additional $250 Million Share Repurchase Authorization
“In September, we initiated our $250 million share repurchase program and have made excellent progress to date.
- “In September, we initiated our $250 million share repurchase program and have made excellent progress to date.
- Adjusted EBITDA was $151 million for the third quarter, a decrease of $8 million, or 5%, from the prior quarter.
- Furthermore, Seadrill’s Board of Directors has increased the Company’s aggregate share repurchase authorization, allowing the Company to repurchase up to an additional $250 million of its outstanding common shares.
- Full year 2023 guidance for total revenues is expected in the range of $1,495 million to $1,515 million and Adjusted EBITDA within the range of $485 million to $505 million.