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) 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.
Valaris reported its Q1 2025 financial results, achieving total operating revenues of $621 million with 96% revenue efficiency. The company posted a net loss of $39 million, which included $167 million in discrete tax expense. Adjusted EBITDA reached $181 million, while generating $156 million from operating activities.
Key highlights include securing approximately $1.0 billion in new contract backlog, increasing total backlog to over $4.2 billion. The company won the IADC North Sea Chapter's 2024 Best Safety Performance Award for Jackup Rigs and sold three semisubmersibles for recycling.
Segment performance showed strong results in Floaters with revenues of $356 million, while Jackups generated $186 million. Despite macroeconomic uncertainty, CEO Anton Dibowitz expressed confidence in offshore production's vital role in meeting global energy needs. The company's cash position improved to $454 million as of March 31, 2025, up from $381 million at the end of 2024.
Valaris (NYSE: VAL) has announced its upcoming first quarter 2025 earnings release and conference call schedule. The earnings release will be published before the NYSE opens on Thursday, May 1, 2025, followed by a conference call at 9:00 a.m. CDT (10:00 a.m. EDT).
Investors can access the conference call through a live webcast on www.valaris.com or by dialing +1-855-239-3215 (US) or +1-412-542-4130 (international). A webcast replay and transcript will be available on the company's website, while a telephonic replay will be accessible through June 1, 2025, via +1-877-344-7529 (US) or +1-412-317-0088 (international) using conference ID 6077732.