Inferra AI / Company / VAL
Valaris Ltd
VAL · Energy
Last earnings Aug 5, 2026
Key results
Revenuequarter
96%
President and Chief Executive Officer Anton Dibowitz said, I am very proud of the entire Valaris team for delivering another quarter of strong operational and financial performance, with revenue efficiency of 96% contributing to meaningful EBITDA and free cash flow for the quarter.
SEC original ↗Valaris Ltd — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Dibowitz added, Since reporting our first quarter results, we have secured new contracts with associated revenue backlog of more than $1.0 billion, increasing our total backlog to approximately $4.7 billion.
SEC original ↗Valaris Ltd — Earnings release (8-K exhibit)EX-99Jul 30, 2025
revenues of $615 million, with revenue efficiency of 96%
SEC original ↗Valaris Ltd — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Adjusted free cash flowquarter
$63 million
Adjusted Free Cash Flow of $63 million Strong safety performance, including no Lost Time Incidents (LTI) through the first half of 2025 Secured over $1.0 billion of new contract backlog since April's fleet status report, including attractive contract awards for 7th generation drillships VALARIS DS-15, DS-16 and DS-18
SEC original ↗Valaris Ltd — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Review net incomequarter
$114 million
Second Quarter Review Net income of $114 million compared to net loss of $39 million in the first quarter 2025.
SEC original ↗Valaris Ltd — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Net incomequarter
$32 million
Net income included tax expense of $32 million compared to $194 million in the first quarter.
SEC original ↗Valaris Ltd — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Revenues exclusive of reimbursable items decreased to $572 million from $578 million in the first quarter 2025 primarily due to fewer operating days and lower amortized revenue for the floater fleet, partially offset by more operating days and higher average daily revenue for the jackup fleet.
SEC original ↗Valaris Ltd — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Segment Review Floaters revenuequarter
$320 million
Second Quarter Segment Review Floaters Revenues exclusive of reimbursable items decreased to $320 million from $356 million in the first quarter 2025 primarily due to VALARIS DS-12 completing a contract late in the first quarter without follow-on work as well as lower amortized revenue associated with mobilization and capital upgrades for VALARIS DS-17, which completed its initial contract term late in the first quarter.
SEC original ↗Valaris Ltd — Earnings release (8-K exhibit)EX-99Jul 30, 2025
AI analysis
Q2 2025 · reported Jul 30, 2025
Based on: Earnings release + parent 8-K — transcript not held
Headline figures
| Metric | Q2 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | 96% | — | — |
| Adjusted free cash flow | $63 million | — | — |
| Review net income | $114 million | — | — |
| Net income | $32 million | — | — |
| Segment Review Floaters revenue | $320 million | — | — |
Guidance · company-stated
No guidance located in the held release
Cash flow & capex
Capital allocation
Capital expenditures decreased to $67 million from $100 million in the first quarter 2025 primarily due to lower contract-specific upgrade costs associated with jackup VALARIS 144.
Event summary
Dibowitz added, Since reporting our first quarter results, we have secured new contracts with associated revenue backlog of more than $1.0 billion, increasing our total backlog to approximately $4.7 billion
Based on: Earnings release + parent 8-K — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
Capital expenditures decreased to $67 million from $100 million in the first quarter 2025 primarily due to lower contract-specific upgrade costs associated with jackup VALARIS 144.
SEC original ↗Valaris Ltd — Earnings release (8-K exhibit)EX-99Jul 30, 2025
The increase was primarily due to cash flow from operations, partially offset by capital expenditures.
SEC original ↗Valaris Ltd — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Valaris defines Adjusted Free Cash Flow as net cash provided by operating activities less capital expenditures plus proceeds from the disposition of assets.
SEC original ↗Valaris Ltd — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Adjusted Free Cash Flow is a non-GAAP measure that our management uses to assess the cash generation of our fleet, including proceeds from the sale of assets, and deducting operating expenses and capital expenditures to maintain and upgrade our assets.
SEC original ↗Valaris Ltd — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Strategy & priorities
These awards demonstrate the quality of our fleet, the strength of our operations and the consistent execution of our commercial strategy.
SEC original ↗Valaris Ltd — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Given our high-specification fleet, proven operating track record and continued focus on execution and cost discipline, Valaris is well positioned to capitalize on these opportunities and deliver long-term value for our shareholders.
SEC original ↗Valaris Ltd — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a focus on technology and innovation.
SEC original ↗Valaris Ltd — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Risks & headwinds
Exclusive of reimbursable items, contract drilling expense decreased to $355 million from $374 million in the first quarter 2025 primarily due to a favorable arbitration outcome related to previously disclosed patent license litigation, which led to a $17 million accrual reversal, as well as lower amortized expense for the floater fleet and a reduction in costs associated with three retired semisubmersibles that were sold for recycling during the quarter.
SEC original ↗Valaris Ltd — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
30 documents- Q3 2026
- 8-KVAL
Oct 14, 2026
- Q2 2026
- 8-KVAL
Sep 30, 2026
- 10-QVAL
Aug 6, 2026
- 8-KVAL
Aug 5, 2026
- 8-KVAL
Aug 5, 2026
- 8-KVAL
Jul 1, 2026
- Q1 2026
- 8-KVAL
Jun 10, 2026
- 10-QVAL
May 5, 2026
- 8-KVAL
May 5, 2026
- 8-KVAL
May 4, 2026
- 8-KVAL
May 4, 2026
- Q4 2025
- 10-KVAL
Feb 20, 2026
- 8-KVAL
Feb 19, 2026
- 8-KVAL
Feb 17, 2026
- 8-KVAL
Feb 10, 2026
- 8-KVAL
Feb 9, 2026
- Q3 2025
- 10-QVAL
Oct 30, 2025
- 8-KVAL
Oct 29, 2025
- 8-KVAL
Oct 23, 2025
- Q2 2025
- 10-QVAL
Jul 31, 2025
- 8-KVAL
Jul 30, 2025
- 8-KVAL
Jul 24, 2025
- Q1 2025
- 8-KVAL
Jun 13, 2025
- 10-QVAL
May 1, 2025
- 8-KVAL
Apr 30, 2025
- 8-KVAL
Apr 30, 2025
- Q4 2024
- 10-KVAL
Feb 20, 2025
- 8-KVAL
Feb 19, 2025
- 8-KVAL
Feb 18, 2025
- Q3 2024
- 10-QVAL
Oct 31, 2024
Earnings releases
4 documentsPresentations
0 documentsNo presentations for Valaris Ltd are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Valaris Ltd are held in this edition of the library.
Mentioned by
1 companyOther tracked companies whose held documents mention Valaris Ltd by name or ticker. A mention is counted once per document, from the document text the library holds.
“…and regulatory approvals that could reduce the anticipated benefits to Transocean and Valaris of the acquisition; (xii) the inability to successfully integrate Valaris’ operations with those of Transocean without… …tensions, conflicts and war, cy”
See also the earnings calendar for every tracked company’s next earnings date.