Valaris Limited reports news centered on offshore contract drilling services for the oil and gas industry. Company updates regularly address fleet status for ultra-deepwater drillships, semisubmersible rigs and shallow-water jackups, including contract information, extensions and utilization developments across offshore basins.
Recurring Valaris news also covers operating and financial results, material agreements, capital-structure matters and governance developments. The company operates through drilling fleet categories that include floaters and jackups, with additional activity tied to ARO and third-party rig management services.
Valaris (NYSE: VAL) issued a Fleet Status Report covering its offshore drilling rigs and certain contract information for those assets. The report provides the fleet’s current status and is available in the Investors section of www.valaris.com.
Valaris (VAL) reported third-quarter 2026 operating revenue of $593.6 million, up from the previous quarter, as more drillships returned to work. Revenue rose from $539.2 million in the second quarter but was below $595.7 million a year earlier. Net income was $46.7 million versus $47.0 million sequentially; diluted earnings per share fell to $0.66 from $0.72. Adjusted EBITDA, a non-GAAP earnings measure, increased to $150.6 million from $96.5 million, despite approximately $24 million of adverse Middle East conflict impacts.
New contract backlog of approximately $600 million lifted total backlog to approximately $4.8 billion. All ten active drillships are on contract. Cash fell to $525 million as capital spending increased. Required regulatory approvals for the Transocean combination have been received; Valaris anticipates closing on or about December 1, 2026.
Valaris (NYSE: VAL) will release its third-quarter 2026 earnings after the New York Stock Exchange closes on November 2, 2026.
In connection with its pending business combination with Transocean, announced on February 9, 2026, Valaris does not intend to hold future earnings conference calls or provide updates to forward-looking guidance.
Valaris (NYSE: VAL) announced new contracts and extensions adding approximately $220 million in backlog since its August 5, 2026 fleet report. The awards include a two-well PETRONAS Suriname contract for VALARIS DS-18, expected to start in the fourth quarter of 2026 for up to seven months.
VALARIS 107 secured approximately $50 million in backlog offshore Australia. A Southern North Sea fleet contract carries estimated backlog of $41.5 million and a commencement window up to December 2030. An INEOS extension for VALARIS 122 has a $115,000 operating day rate. An Eni contract amendment shifts approximately eight and a half months of work to VALARIS 121, adding approximately $17 million in backlog. A VALARIS 248 extension added approximately $2.5 million. Backlog excludes lump sum payments such as mobilization fees and capital reimbursements. VALARIS MS-1 and VALARIS 111 were sold for recycling in September 2026.
Valaris (NYSE: VAL) announced that it has issued a new Fleet Status Report detailing the current status of its offshore drilling rig fleet and related contract information. The report is available to investors on the company’s website in the “Investors” section at www.valaris.com.
Valaris (NYSE: VAL) reported second quarter 2026 operating revenues of $539.2 million, up from $465.4 million in Q1 2026, and net income of $47 million versus a prior-quarter net loss of $18 million. Adjusted EBITDA was $96.5 million, including an estimated $30 million negative impact from Middle East conflicts. Revenue efficiency was 98% for the quarter and year to date.
The company successfully started up drillships VALARIS DS-12 and DS-10 on new contracts and added over $160 million of North Sea jackup backlog. Valaris sold stacked jackups VALARIS 104 and 109 for $74 million in cash, generating a $38 million gain. The pending business combination with Transocean remains on track to close in Q4 2026, and Valaris will no longer host earnings calls or update forward-looking guidance.
Valaris (NYSE: VAL) will release its second quarter 2026 earnings after the NYSE closes on Wednesday, August 5, 2026. In connection with its pending business combination with Transocean, Valaris does not plan to hold future earnings calls or update forward-looking guidance and will use its website for disclosures.
Valaris (NYSE: VAL) issued a Fleet Status Report on May 4, 2026 providing the current status of its offshore drilling rig fleet and certain contract information for those assets. The report is available in the Investors section of Valaris's website at www.valaris.com.
Valaris (NYSE: VAL) reported Q1 2026 results on May 4, 2026: total operating revenues $465.4 million, adjusted EBITDA $66.7 million and a net loss $18.0 million. Revenue efficiency was 98% and total backlog rose to ~$4.9 billion after >$500 million of new contracts.
The company announced an all-stock transaction with Transocean, a strategic collaboration with Petronas Suriname and Halliburton, and reported cash of $578 million and capex of $101 million.
Valaris (NYSE: VAL) will release first quarter 2026 results after the NYSE close on May 4, 2026. In connection with the pending business combination with Transocean announced on February 9, 2026, Valaris said it does not intend to hold future earnings calls or provide forward-looking guidance. The company directs investors to its website for disclosures and Email Alerts for SEC filings and updates.