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

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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") today announced that Mr. Tom Burke will step down from his position as President and Chief Executive Officer and member of the Board of Directors, effective September 2, 2021. The Valaris Board of Directors has appointed Mr. Anton Dibowitz, a current Board member, as interim President and Chief Executive Officer effective September 3, 2021. Mr. Burke will continue to support Valaris for a period to ensu

Valaris Announces Leadership Transition

Valaris Ltd (VAL) CEO Thomas Burke on Q2 2021 Results - Earnings Call Transcript

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today reported second quarter 2021 results. President and Chief Executive Officer Tom Burke said, “On April 30, 2021, Valaris emerged from chapter 11 with a significantly strengthened capital structure, including a net cash position, $550 million of debt due in 2028 and an industry-leading cost structure that is scalable and adaptable to changing market conditions.” Burke added, “During the three months

Valaris Reports Second Quarter 2021 Results

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) will hold its second quarter 2021 earnings conference call at 9:00 a.m. CDT (10:00 a.m. EDT and 3:00 p.m. London) on Tuesday, August 3, 2021. 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 that part

Valaris Schedules Second Quarter 2021 Earnings Release and Conference Call

Valaris announced many new contracts since it exited bankruptcy in May 2021. The stock has recently traded at post-bankruptcy highs, but the recent weakness in the oil market has put some pressure on Valaris' shares.

Valaris: A Look At Recent Developments And Current Position

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) announced today that it has been awarded a 200-day extension to its bareboat charter agreement with ARO Drilling for VALARIS JU-250 (Bob Palmer), a heavy-duty ultra-harsh environment jackup. The extension is in direct continuation of the existing contract and, as a result, the VALARIS JU-250 is now expected to be under contract through the end of 2021. ARO Drilling's contract with Aramco has been extended for the same period. About

Valaris Limited Announces Jackup Contract Award

HAMILTON, Bermuda, May 26, 2021 /PRNewswire/ -- Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") announced today that it has published a new investor presentation. This presentation can be found on the Investors page of the Company's website.

Valaris Limited Publishes New Investor Presentation

Valaris is an interesting investment post-bankruptcy, with a massive portfolio of assets diversified through major drilling areas and joint ventures like ARO Drilling.

Valaris Post-Bankruptcy Is An Interesting Investment

HAMILTON, Bermuda, May 10, 2021 /PRNewswire/ -- Valaris Limited (NYSE: VAL) announced today that it has been awarded a contract extension of approximately 240 days with Mubadala Petroleum Thailand offshore Thailand for VALARIS JU-115, a heavy-duty modern jackup. The extension is anticipated to begin in the first quarter of 2022 and, as a result, the VALARIS JU-115 is now expected to be under contract through September 2022.

Valaris Limited Announces Jackup Contract Extension

HAMILTON, Bermuda, May 3, 2021 /PRNewswire/ -- Valaris Limited (NYSE: VAL) ("Valaris" or the "Company" and together with its subsidiaries, the "Valaris Group") today announced that, on April 30, 2021, the Valaris Group has successfully completed its financial restructuring and emerged from chapter 11. The Valaris Group's Plan of Reorganization (the "Plan") was approved and confirmed by the United States Bankruptcy Court for the Southern District of Texas on March 3, 2021.

Valaris Successfully Completes Restructuring

LONDON, Aug. 19, 2020 /PRNewswire/ -- Valaris plc (NYSE: VAL) ("Valaris" or the "Company") today announced that it has entered into a binding Restructuring Support Agreement (the "RSA") and Backstop Commitment Agreement (the "BCA") with approximately 50% of its noteholders ("Consenting.

Valaris plc Announces Agreement to Significantly Reduce Debt and Create a Financial Structure Sustainable for Prolonged Industry Retrenchment and Longer-Term Recovery

Valaris (VAL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Valaris (VAL) to Report a Decline in Earnings: What to Look Out for

Investors need to pay close attention to Valaris (VAL) stock based on the movements in the options market lately.

Implied Volatility Surging for Valaris (VAL) Stock Options

Chevron

Diamond Offshore Drilling Inc

Noble Corp PLC

Exxon Mobil

The coronavirus-triggered oil price plunge and the slowdown in business activity spark the second wave of bankruptcy for offshore drilling companies.

Can Offshore Drilling Industry Weather the Coronavirus Storm?

Do Options Traders Know Something About Valaris (VAL) Stock We Don't?

A stunning jobs report and extended oil production cuts caused a major momentum rally in beaten down offshore drilling shares on Friday with Valaris recording an eye-catching 162% gain.

Valaris - Short The Momentum Rally With Bankruptcy Likely Just Weeks Away

Borr Drilling Ltd

Helix Energy Solutions Group

Oceaneering

Transocean

A positive report about one vaccine candidate, a major central bank figure sparking optimism the Fed has more weapons at its disposal, and word out of China that oil consumption is on the rise all have investors buying.

3 Reasons These 6 Offshore Oil Stocks Are Up Big Today

Seadrill Ltd

Almost all of the publicly traded companies in it are at risk of bankruptcy this year.

The Oil Stock Subsector That Turned $10,000 Into $77

Are Options Traders Betting on a Big Move in Valaris (VAL) Stock?

Why Offshore Drilling Stocks Are Sinking Again

Chesapeake Energy

Halliburton

Oasis Petroleum

Occidental Petroleum

It's going to get worse in the oil patch before it gets better.

Coronavirus Oil Crash: 5 Oil Stocks You Should Avoid at All Costs

Valaris PLC (VAL) CEO Thomas Burke on Q1 2020 Results - Earnings Call Transcript

Is the Options Market Predicting a Spike in Valaris (VAL) Stock?

W&T Offshore

The escalations just intensified in the global crude oil price war, with another OPEC heavyweight announcing big output increases to come soon.

Offshore Oil Stocks Are Sinking Again as Crude Price War Escalates

Nabors Industries

The market seems firmly convinced that more pain is coming.

News for Valaris Ltd Stock (VAL)