Valaris Ltd

Valaris Ltd. engages in drilling of oil and gas wells. It provides offshore drilling services across all water depths and geographies. The firm operates rig fleet of ultra-deepwater drillships, versatile semisubmersibles and shallow-water jackups. The company was founded in 1975 and is headquartered in Hamilton, Bermuda.

Earnings data Q2 2020

Earnings data Q2 2021

Earnings data Q3 2021

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Earnings data Q2 2022

Earnings data Q3 2022

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Earnings data Q3 2023

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Valaris reports robust Q4 performance, eyes growth amid market challenges

Valaris delivered strong Q4 performance, focusing on growth opportunities and shareholder returns. Challenges include lower revenue expectations and varied customer discussions on capital contributions. The company is optimistic about industry outlook and strategic initiatives.

Valaris exceeds Q1 guidance, focuses on long-term customer relationships

Valaris' Q1 earnings call highlighted robust financial performance, strategic refinancing, and a customer-centric approach amidst market volatility. The company aims to optimize fleet strategy and capitalize on market opportunities for sustainable growth.

Valaris excels in Q2 2023, eyes fleet expansion and shareholder returns

Valaris reported strong operational and financial performance in Q2 2023, highlighting a positive market outlook and strategic growth initiatives. The company is focused on fleet expansion, shareholder returns, and seizing opportunities in the offshore drilling sector.

Valaris projects growth in 2024, focuses on fleet profitability

Valaris anticipates improved results in 2024 and 2025, with revenue guidance of $2.25-$2.35 billion for 2024; management committed to returning capital to shareholders and maximizing cash generation.

Valaris reports robust Q4 results, optimistic on market growth

Valaris delivered strong financial performance in Q4, showcasing resilience and strategic focus. The company's emphasis on shareholder value, market optimism, and disciplined approach to capacity management position it well for future growth. Challenges in the competitive market and potential risks from external factors require careful navigation.

Valaris excels in Q1 2024, eyes revenue growth and contract awards

Valaris delivered strong Q1 performance with high revenue efficiency and revenue growth. Focus on high-spec assets and increasing contract backlog positions the company well for future growth. Challenges include securing incremental work for specific rigs and ensuring economic viability in new ventures.

Valaris reports robust Q2 performance, eyes sustained growth opportunities

Valaris demonstrated operational excellence and financial resilience in Q2 2024, surpassing revenue and EBITDA expectations while securing significant contracts and backlog growth.
Despite challenges in the jackup market dynamics and contract negotiations, the company's strengths in market positioning and capital allocation present opportunities for sustained growth and shareholder returns.
With a positive market outlook and strong customer demand, Valaris remains optimistic about future prospects and aims to enhance shareholder value through strategic capital allocation and operational efficiency.

Valaris excels in Q3 with $111M free cash flow and new contracts

Valaris delivered strong financial results in Q3 2024, exceeding expectations and showcasing operational excellence. With a focus on safety and efficiency, the company is well-positioned to capitalize on growing offshore project investments and new contract opportunities.

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Valaris Ltd. engages in the provision of offshore contract drilling services to the international oil and gas industry. It operates through the following segments: Floaters, Jackups, ARO, and Other. The Floaters segment includes drillships and semisubmersible rigs. The Other segment is involved in management services on rigs owned by third-parties and the activities associated with arrangements with ARO under the bareboat charter arrangements. The company was founded in 1975 and is headquartered in Hamilton, Bermuda.

HAMILTON, Bermuda--( BUSINESS WIRE )--Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today that drillship VALARIS DS-12 has been awarded a four-well contract with BP offshore Egypt. The contract is expected to commence late in the third quarter or early in the fourth quarter 2023 and has an estimated duration of 320 days. The estimated total contract value, inclusive of a mobilization fee, is $136.4 million.

Valaris Announces Contract Award for Drillship VALARIS DS-12

HAMILTON, Bermuda--( BUSINESS WIRE )--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today announced that President and Chief Executive Officer Anton Dibowitz will present at the BofA Securities Global Energy Conference on Wednesday, November 16, 2022, beginning at 8:45 am ET.

Valaris to Present at the BofA Securities Global Energy Conference

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) today announced that Catherine J.

Valaris Announces Appointment of Catherine J. Hughes to its Board of Directors

Following better-than-expected Q3 results, shares advanced to new 52-week highs but reversed course after some cautious remarks on Tuesday's conference call. Management reduced full-year profitability expectations for the second time in a row and provided some guarded commentary regarding near-term prospects in the North Sea jackup market.

Valaris: Shares Tumble After Disappointing Conference Call

Valaris Limited (NYSE:VAL ) Q3 2022 Results Conference Call November 1, 2022 10:00 AM ET Company Participants Darin Gibbins - Vice President of Investor Relations & Treasurer Anton Dibowitz - President & Chief Executive Officer Chris Weber - Senior Vice President & Chief Financial Officer Conference Call Participants Greg Lewis - BTIG Fredrik Stene - Clarksons Platou Securities David Smith - Pickering Energy Partners Samantha Ho - Evercore ISI Operator Good day and welcome to the Valaris Third Quarter 2022 Earnings Call. All participants will be in a listen-only mode.

Valaris Limited (VAL) Q3 2022 Earnings Call Transcript

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today reported third quarter 2022 results.

Valaris Reports Third Quarter 2022 Results

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) today issued a quarterly Fleet Status Report that provides the current status of the Company's fleet of offshore drilling rigs along with certain contract information for these assets.

Valaris Provides Quarterly Fleet Status Report

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") will hold its third quarter 2022 earnings conference call at 9:00 a.m.

Valaris Schedules Third Quarter 2022 Earnings Release and Conference Call

In my view, VAL has gained ⁓52% (YoY), boosted by a significant value in ARO Drilling and the company's drive to build its contract backlog. Valaris emerged from Chapter 11 bankruptcy at the beginning of Q2 2021 when it finished its financial restructuring and eliminated $7.1 billion of debt.

Valaris: Leveraging On Scale A Year After Bankruptcy

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) today announced that Matt Lyne has commenced his role as Senior Vice President and Chief Commercial Officer, having been appointed to the role in late May. Matt Lyne previously served as Chief Commercial and Strategy Officer of Seadrill, where he held a number of senior marketing and commercial roles for more than 12 years. Prior to this, he served in a number of senior operational and functional roles

Valaris Announces New Chief Commercial Officer

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HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Authorizes $100 Million Share Repurchase Program

Valaris Authorizes $100 Million Share Repurchase Program

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Announces Receipt of $40 Million from ARO Drilling

Valaris Announces Receipt of $40 Million from ARO Drilling

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Rated No. 1 Offshore Driller in Independent Customer Satisfaction Survey

Valaris Rated No. 1 Offshore Driller in Independent Customer Satisfaction Survey

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Announces Successful Completion of Consent Solicitation

Valaris Announces Successful Completion of Consent Solicitation with Respect to its Senior Secured First Lien Notes due 2028

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Announces Consent Solicitation with Respect to its Senior Secured First Lien Notes due 2028

Valaris Announces Consent Solicitation with Respect to its Senior Secured First Lien Notes due 2028

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) today announced that Chris Weber has commenced his role as Senior Vice President and Chief Financial Officer, having been appointed to the role in late May. Chris Weber previously served as Chief Financial Officer of LUFKIN Industries, the leading global provider of rod lift optimization solutions, products, technologies and services to the oil and gas industry. Mr. Weber has also served as Chief Financ

Valaris Announces New Chief Financial Officer

Valaris Ltd. (NYSE:VAL ) Q2 2022 Earnings Conference Call August 2, 2022 10:00 AM ET Company Participants Tim Richardson - Director of Investor Relations Anton Dibowitz - President & Chief Executive Officer Darin Gibbins - Vice President of Investor Relations & Treasurer Christopher Weber - Senior Vice President & Chief Financial Officer Conference Call Participants Greg Lewis - BTIG Fredrik Stene - Clarksons Platou Securities David Smith - Pickering Energy Partners Operator Good day and welcome to the Valaris Second Quarter 2022 Earnings Call.

Valaris Ltd. (VAL) CEO Anton Dibowitz on Q2 2022 Results - Earnings Call Transcript

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today reported second quarter 2022 results. President and Chief Executive Officer Anton Dibowitz said, “I would like to thank the Valaris team for their continued focus on delivering the safe, reliable and efficient operations that our customers have come to expect from us, in particular the achievement of 97% revenue efficiency during the second quarter and 98% through the first half of the year, a per

Valaris Reports Second Quarter 2022 Results

In my view, both of the companies have substantial upside potential whilst operating in the highly undervalued industry. The two companies cannot show impeccable profit track record.

Transocean Is Better Valued Than Valaris - 2 Companies In An Undervalued Industry

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") will hold its second quarter 2022 earnings conference call at 9:00 a.m. CDT (10:00 a.m. EDT) on Tuesday, August 2, 2022. The earnings release will be issued before the New York Stock Exchange opens that morning. The conference call will be webcast live at www.valaris.com. Alternatively, callers may dial +1-855-239-3215 within the United States or +1-412-542-4130 from outside the U.S. It is recommended t

Valaris Schedules Second Quarter 2022 Earnings Release and Conference Call

The company added $466 million in gross backlog over the past two months. Drillship Valaris DS-17 will be reactivated after having been awarded an 18-month contract with Equinor.

Valaris To Reactivate Another Drillship For Work Offshore Brazil - Buy

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today announced that Christophe Raimbault, Vice President and interim Head of Marketing will take on a new role as Vice President - Sustainability and New Energy. Christophe will continue to serve as Vice President and interim Head of Marketing until Matt Lyne joins Valaris as Senior Vice President and Chief Commercial Officer, which is expected to occur in the third quarter of 2022. President and Chief

Valaris Announces New Executive Leadership Position

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today that Equinor has delivered a termination notice for the drilling contract awarded to drillship VALARIS DS-11. The termination will take effect at the end of June. Our total contract backlog of $2.5 billion as of May 2, 2022 included approximately $428 million related to this contract. Further details on the VALARIS DS-11 contract can be found in our latest Fleet Status Report dated May 2

Valaris Announces Contract Termination for Drillship VALARIS DS-11

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today announced the appointment of three new members of the Valaris Executive Management Committee. The following appointments have been made after a rigorous internal and external search process and strongly position the Company for continued success moving forward: Chris Weber will join Valaris as Senior Vice President and Chief Financial Officer. Mr. Weber is expected to start in the third quarter of

News for Valaris Ltd Stock (VAL)