Welcome to our dedicated page for Valaris news (Ticker: VAL), a resource for investors and traders seeking the latest updates and insights on Valaris stock.
Valaris Limited (NYSE: VAL) is an offshore contract drilling company that provides offshore drilling services to the international oil and gas industry. The company describes itself as the industry leader in offshore drilling services across all water depths and geographies, operating a high-quality fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups with experience in nearly every major offshore basin.
This news page aggregates company announcements, earnings releases and operational updates related to Valaris. Recent news has included multi-year and multi-well contract awards for drillships such as VALARIS DS-8 offshore Brazil with Shell, VALARIS DS-12 in Egypt with Bp Exploration Delta Limited, and long-duration contracts for VALARIS DS-16 and DS-18 with Anadarko Petroleum Corporation, a wholly-owned subsidiary of Occidental, in the Gulf of America. These items illustrate how the company secures and extends its contracted revenue backlog.
Visitors can also expect coverage of quarterly financial results, where Valaris reports metrics such as total operating revenues, net income, Adjusted EBITDA and segment performance for Floaters, Jackups, ARO and Other. The company’s communications often highlight revenue efficiency, cash flow generation, rig sales, and updates on backlog additions.
In addition, Valaris issues Fleet Status Reports that summarize the status of its offshore drilling rigs and associated contracts, and it announces investor events such as earnings conference calls and presentations at industry conferences. For investors, analysts and others following the drilling oil and gas wells industry, this news feed provides a focused view of Valaris’ contract activity, fleet developments and financial reporting.
Valaris (NYSE: VAL) issued a Fleet Status Report dated October 23, 2025, detailing the current status of its offshore drilling rig fleet and certain contract information for those assets.
The report is available via the company’s Investors section at www.valaris.com. No financial metrics, guidance, or transaction values were included in the announcement.
Valaris (NYSE: VAL) announced a five-well contract with Bp Exploration Delta Limited for drillship VALARIS DS-12 in Egypt.
The work is expected to commence in Q2 2026, has an estimated duration of 350 days, and an estimated total contract value of approximately $140 million inclusive of a mobilization fee. The award includes three option wells. Management said DS-12 will return to Egypt and noted all four drillships with near-term availability are now contracted.
Valaris (NYSE: VAL) will issue its third quarter 2025 earnings release before the NYSE opens on Thursday, October 30, 2025 and hold a conference call at 9:00 a.m. CDT (10:00 a.m. EDT) the same day. The call will be webcast live at www.valaris.com; domestic callers may dial +1-855-239-3215 and international callers +1-412-542-4130. Participants are advised to call 10 minutes early. A webcast replay and transcript will be posted on the company website, and an audio replay will be available through November 30, 2025 via +1-877-344-7529 (U.S.) or +1-412-317-0088 (outside U.S.), conference ID 4010322. Investors can sign up for email alerts on the company website for updates and SEC filings.
Valaris Limited (NYSE: VAL), announced that President and CEO Anton Dibowitz will present at the Barclays 39th Annual Energy-Power Conference in New York City. The presentation is scheduled for September 2, 2025, at 1:50 pm EDT.
Investor materials will be available on the company's website prior to the event. A live webcast of the presentation can be accessed through the "Investors – Events & Presentations" section of www.valaris.com, with a replay available for 180 days after the conference.
Valaris (NYSE: VAL) reported strong Q2 2025 results with total operating revenues of $615 million and net income of $114 million, compared to a net loss of $39 million in Q1. The company achieved Adjusted EBITDA of $201 million, exceeding guidance of $140-160 million, and generated $120 million in operating cash flow.
Since Q1, Valaris secured new contracts worth over $1.0 billion, increasing total backlog to $4.7 billion. Notable achievements include contract awards for three 7th generation drillships and the sale of jackup VALARIS 247 for $108 million. The company maintained strong operational performance with 96% revenue efficiency and zero Lost Time Incidents in H1 2025.
Valaris (NYSE: VAL) has released its Fleet Status Report, which provides updated information about the company's offshore drilling rig fleet and associated contract details. The report is now accessible to investors and interested parties through the "Investors" section of Valaris' website at www.valaris.com.
Valaris (NYSE: VAL) has scheduled its second quarter 2025 earnings conference call for Thursday, July 31, 2025, at 9:00 a.m. CDT. The company will release its earnings report before the NYSE market opening on the same day.
Investors can access the call through a live webcast at www.valaris.com or by dialing +1-855-239-3215 (U.S.) or +1-412-542-4130 (international). A replay will be available through August 31, 2025, and can be accessed via the company's website or by phone using conference ID 1556736.
Valaris (NYSE: VAL) has secured significant contract extensions for two of its drillships with Anadarko Petroleum Corporation, a subsidiary of Occidental. The VALARIS DS-16 received a 940-day contract extension starting June 2026, while the VALARIS DS-18 secured a new 914-day contract beginning in mid-Q4 2026.
The contracts, both for operations in the Gulf of America, will add approximately $760 million to Valaris's revenue backlog. CEO Anton Dibowitz highlighted that the company has secured $1.9 billion in new contract backlog year-to-date, demonstrating successful execution of their commercial strategy.
Valaris Limited (NYSE: VAL) has announced the sale of its jackup rig VALARIS 247 to BW Energy (BWE) for $108 million. The transaction is expected to close in the second half of 2025, subject to standard closing conditions. The 27-year-old jackup rig, currently operating offshore Australia, comes with usage restrictions limiting BWE to operate the rig only within BWE-owned or affiliated properties throughout its remaining useful life. According to CEO Anton Dibowitz, this opportunistic sale will enhance the company's financial flexibility and enable capital returns to shareholders.
Valaris Limited (NYSE: VAL) has secured a significant five-well contract for its drillship VALARIS DS-15 offshore West Africa. The contract, valued at approximately $135 million, is scheduled to commence in Q3 2026 and has an estimated duration of 250 days. The contract value includes upfront payments for rig upgrades and mobilization, with additional services not included.
The agreement includes priced options for up to five additional wells, potentially extending the duration by 80-100 days. As part of the contract, the drillship will be upgraded with an enhanced managed pressure drilling system, demonstrating Valaris's commitment to delivering complex drilling solutions with high-specification, seventh generation drillships.