VAL Research | Milton Maxwell

VAL

Valaris Limited

50.04

-3.87-7.18%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

3.56B

P/E (TTM)

8.95

Basic EPS (TTM)

5.59

Dividend Yield

Recent Filings

10-K

FY2025 results

2/20/26Feb 20, 2026

Valaris posted flat FY2025 revenues of $2.2B versus 2024, as higher day rates across floaters ($386K, up from $345K) and jackups ($138K, up from $121K) offset fewer operating days from rigs stacked or retired post-contract. Q4 momentum shone in jackups with utilization jumping to 93% from 83% and operating income doubling to $281M annually, while floaters held steady at $377M despite impairments on retired semis. Backlog swelled 30% to $4.7B on floater awards and ARO lease extensions, supporting $546M operating cash flow and $599M cash; $100M share buybacks trimmed the float. Yet pending Transocean merger adds execution risk. Fleet attrition curbs supply. Cybersecurity threats loom large.

8-K

Q4 revenues $537M, backlog $4.7B

2/19/26Feb 19, 2026

Valaris posted Q4 2025 revenues of $537M and Adjusted EBITDA of $97M, down from Q3 on fewer floater days and jackup sales, yet revenue efficiency hit 98%. Backlog swelled to $4.7B after $900M in new contracts, fully booking drillships into 2027. All ten active drillships working by 2027.

8-K

Backlog hits $4.7B

2/17/26Feb 17, 2026

Valaris disclosed new contracts and extensions adding nearly $900 million to backlog, lifting total to $4.7 billion as of February 17, 2026—up from $4.5 billion. Highlights include DS-7's 325-day extension with Azule Energy ($125 million), DS-9's two-year extension with ExxonMobil affiliate, and DS-8's $300 million multi-year deal with Shell. Backlog swells. Semisub DPS-1 held for recycling sale.

8-K

Valaris-Transocean merger announced

2/10/26Feb 10, 2026

Valaris inked a business combination deal with Transocean on February 9, 2026, via a Bermuda scheme of arrangement. Valaris shareholders get 15.235 Transocean shares per share, yielding 47% ownership in the combined firm while Transocean holders retain 53%. Valaris warrants convert; RSUs/PSUs vest into Transocean equity. Deal faces shareholder votes, regulatory nods, and a February 2027 outside date, with $195M/$173M reverse break fees.

8-K

Transocean acquires Valaris all-stock

2/9/26Feb 9, 2026

Transocean signed a definitive all-stock deal on February 9, 2026, to acquire Valaris for $5.8B, creating a 73-rig fleet with 33 drillships, nine semisubmersibles, and 31 jackups, plus a $10B backlog. Valaris holders get 15.235 Transocean shares each, yielding 47% ownership in the $17B enterprise value entity. Deal targets $200M+ synergies. Closing awaits approvals in H2 2026.

About

Valaris Limited, together with its subsidiaries, provides offshore contract drilling services in Brazil, the United Kingdom, U.S. Gulf of Mexico, Australia, Angola, and internationally. It operates in four segments: Floaters, Jackups, ARO, and Other. The company owns an offshore drilling rig fleet, which includes drillships, dynamically positioned semisubmersible rigs, a moored semisubmersible rig, and jackup rigs. It also offers management services on rigs owned by third parties. The company serves international, government-owned, and independent oil and gas. Valaris Limited was founded in 1975 and is based in Hamilton, Bermuda.

CEO

Mr. Anton Dibowitz CPA

IPO

5/3/2021

Website

https://www.valaris.com

Employees

4,130

Sector

Energy

Industry

Oil & Gas Equipment & Services