Welcome to our dedicated page for Valaris SEC filings (Ticker: VAL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to U.S. Securities and Exchange Commission filings for Valaris Limited (NYSE: VAL), an offshore contract drilling company incorporated as a Bermuda exempted company. Through these filings, investors can review how Valaris reports its offshore drilling operations, segment performance and corporate information.
Valaris’ SEC filings include Form 8-K current reports that furnish quarterly earnings releases under Item 2.02 and Fleet Status Reports under Item 7.01. These documents discuss total operating revenues, net income, Adjusted EBITDA, cash flows and segment results for Floaters, Jackups, ARO and Other, as well as contract developments, rig sales and other material events. The filings also confirm that Valaris’ common shares and warrants to purchase common shares are registered under Section 12(b) of the Exchange Act and listed on the New York Stock Exchange under the symbols VAL and VAL WS.
In addition to 8-Ks, users can reference Valaris’ annual reports on Form 10-K and quarterly reports on Form 10-Q (when available) for more detailed disclosures on risk factors, management’s discussion and analysis, segment information and accounting policies. Proxy statements and other filings can provide further insight into governance and shareholder matters.
Stock Titan enhances these regulatory documents with AI-powered summaries that highlight key points from lengthy filings, helping readers quickly understand items such as segment trends, contract updates and risk disclosures. Real-time updates from EDGAR ensure that new Valaris filings, including any Form 4 insider transaction reports or additional 8-Ks, appear promptly, allowing investors to monitor the company’s regulatory history and ongoing disclosure record.
Valaris Limited reported a Q1 2026 net loss of $16.4 million (loss per share $0.24), narrowing from a $37.9 million loss a year earlier. Total operating revenues fell to $465.4 million from $620.7 million, mainly due to fewer operating days for floater rigs and the sale or retirement of several units.
Operating income dropped to $20.0 million from $143.0 million, reflecting lower floater activity and $13.6 million of merger and integration expenses tied to a pending all‑stock business combination with Transocean. Equity in earnings of ARO improved to $6.8 million from $2.6 million, and cash from operations was $75.0 million versus $155.9 million a year earlier.
As of March 31, 2026, Valaris had total assets of $5.36 billion, shareholders’ equity of $3.16 billion, long‑term debt of $1.09 billion in 2030 Second Lien Notes and $595.4 million of cash and restricted cash. Contract backlog reached $4.93 billion for Valaris and $1.92 billion for ARO as of May 4, 2026, supported by strong drillship and jackup demand.
Valaris Limited reported a regulatory development in its planned all-stock business combination with Transocean. Under their agreement, each Valaris share would be exchanged for 15.235 Transocean shares, combining two major offshore drilling contractors through a scheme of arrangement under Bermuda law.
The U.S. Department of Justice issued a Second Request for additional information under the Hart-Scott-Rodino Act on May 4, 2026, extending the antitrust waiting period to 30 days after both parties substantially comply. This adds timing uncertainty to the closing, though Valaris states that the parties are continuing to cooperate with the DOJ.
Valaris Limited furnished an updated Fleet Status Report as of May 4, 2026, highlighting new offshore drilling contracts and a larger forward workload. Contract backlog increased to approximately $4.9 billion, up from about $4.7 billion in the prior report, reflecting additional rig commitments.
Key awards include a 1,064‑day extension for drillship VALARIS DS-4 with Petrobras in Brazil, adding roughly $447 million of backlog while reducing earlier backlog by about $21 million due to a day‑rate adjustment. Several jackup rigs secured extensions or new work, such as VALARIS 115 with Brunei Shell Petroleum adding about $78 million, and VALARIS 106 with Medco Energi in Indonesia with an estimated contract value of $5.4 million.
The report notes ongoing strength in Middle East operations, with all Valaris and ARO rigs there remaining under contract, though shipyard projects for VALARIS 116 and VALARIS 250 are delayed and operations for VALARIS 110 have been suspended since early March 2026. Semisubmersible VALARIS DPS-1 was sold for recycling, and detailed tables outline contracted days, average day rates and expected out‑of‑service time for maintenance across the fleet.
Valaris Limited reported a mixed first quarter 2026. Total operating revenues were $465.4 million, down from $537.4 million in the prior quarter, and the company recorded a net loss of $18.0 million versus a tax-driven profit previously. Adjusted EBITDA was $66.7 million, down from $97.0 million, as fewer operating days in both floater and jackup fleets reduced revenue.
Revenue efficiency remained strong at 98%, reflecting high uptime on contracted rigs. Contract drilling expenses fell to $340.4 million, helped by warm-stacking certain floaters and deferring preparation costs, though war-risk insurance in the Middle East added about $8 million of costs. Cash and cash equivalents were $578.3 million as of March 31, 2026.
Commercially, Valaris added over $500 million of new contract backlog, lifting total backlog to approximately $4.9 billion, its highest in nearly a decade, including a multi-year extension for VALARIS DS-4 in Brazil. The company also highlighted a pending all-stock business combination with Transocean and stated it does not intend to hold future earnings calls or update forward-looking guidance while that transaction is pending.
Valaris Limited asks shareholders to elect six incumbent directors, approve 2025 executive pay on an advisory basis, and ratify KPMG as auditor, while highlighting strong 2025 performance and a pending all‑stock combination with Transocean.
For 2025, Valaris generated net income of $979.1 million, Adjusted EBITDA of $642.2 million, cash from operating activities of $546.2 million and Adjusted Free Cash Flow of $340.6 million. The company achieved fleet revenue efficiency of 96% for the fifth consecutive year, secured about $2.6 billion of contract backlog in 2025 plus roughly $900 million early in 2026, and expects all ten active drillships to be working as it enters 2027.
Valaris repurchased $100 million of shares, or about 2.0 million shares, and sold three semisubmersibles and four jackups for over $130 million, improving its asset base and liquidity. Governance features include an independent chair, an 83% independent board, fully independent key committees, strong share‑ownership guidelines and a 2025 say‑on‑pay result with 95% support.
Valaris Ltd reported that SVP & General Counsel Davor Vukadin received an equity compensation adjustment tied to previously approved restricted share units. He acquired 221 common shares on April 7, 2026 as a grant to correct an earlier administrative under-allocation of awards.
According to the filing, 74 restricted share units that had been scheduled to vest on March 3, 2026 instead vested upon grant on April 7, 2026, while 74 units are scheduled to vest on March 3, 2027 and 73 units on March 3, 2028. After these transactions, he directly holds 19,707 common shares.
The filing also shows 30 shares were withheld at a price of $99.70 per share to satisfy tax withholding obligations arising from the settlement or vesting of the awards, with the issuer paying the related taxes in cash to the appropriate authorities.
Valaris Ltd SVP and CCO Matthew Lyne received a grant of 379 common shares on April 7, 2026 as a true-up equity award correcting an earlier administrative shortfall in restricted share units. Of these, 127 vested immediately, while 126 will vest on March 3, 2027 and 126 on March 3, 2028. To cover related tax obligations, 60 shares were withheld at a price of $99.70 per share, leaving Lyne with direct ownership of 33,652 common shares. These transactions reflect routine compensation and tax withholding, not open-market trading.
Valaris Ltd senior vice president and COO Luca Gilles reported a small equity compensation adjustment and related tax withholding in company common shares. Gilles received 379 common shares as a grant or award tied to restricted share units.
The filing notes this is a true-up award correcting an administrative error from March 2025 so that Gilles’ restricted share units match amounts previously approved by the compensation committee and board. After 50 shares were withheld to cover tax obligations at a price of $99.70 per share, Gilles directly holds 83,551 common shares. The grant includes units that vested immediately on April 7, 2026 and additional units scheduled to vest on March 3, 2027 and March 3, 2028.
Valaris Ltd SVP and CFO Christopher T. Weber reported routine equity compensation adjustments. He received 379 common shares at $0.00 per share as a grant that corrects an administrative error in prior restricted share unit awards.
The grant aligns his equity with amounts previously approved by the Compensation Committee and Board. As part of the same event, 50 common shares valued at $99.70 per share were withheld to cover tax obligations. After these transactions, he directly holds 62,433 common shares.