Earnings summaries and quarterly performance for Valaris.
Executive leadership at Valaris.
Anton Dibowitz
Detailed
President and Chief Executive Officer
CEO
CW
Chris Weber
Senior Vice President and Chief Financial Officer
DV
Davor Vukadin
Senior Vice President, General Counsel and Secretary
GL
Gilles Luca
Senior Vice President and Chief Operating Officer
ML
Matthew Lyne
Senior Vice President and Chief Commercial Officer
Board of directors at Valaris.
Research analysts who have asked questions during Valaris earnings calls.
David Smith
Truist Securities
5 questions for VAL
Also covers: AESI, BK, CLB +21 more
Fredrik Stene
Clarksons Securities
5 questions for VAL
Also covers: BORR, NE, RIG +2 more
EK
Edward Kim
TD Cowen
4 questions for VAL
Also covers: AESI, HP, LBRT +5 more
GL
Gregory Lewis
BTIG, LLC
4 questions for VAL
Also covers: BLBD, BTDR, CIFR +26 more
JJ
Joshua Jayne
Daniel Energy Partners
4 questions for VAL
Also covers: AESI, AROC, CLB +17 more
Eddie Kim
Barclays
3 questions for VAL
Also covers: AESI, BORR, HP +6 more
KH
Kurt Hallead
The Benchmark Company
3 questions for VAL
Also covers: AESI, BKR, FTI +14 more
DB
Douglas Becker
Capital One
2 questions for VAL
Also covers: BORR, HAL, HP +5 more
AJ
Arun Jayaram
JPMorgan Chase & Co.
1 question for VAL
Also covers: APA, AR, BKR +33 more
Recent press releases and 8-K filings for VAL.
Valaris and Transocean Enter into Business Combination Agreement
VAL
M&A
Board Change
- On February 9, 2026, Valaris Limited and Transocean Ltd. entered into a Business Combination Agreement.
- Transocean will acquire all issued and outstanding common shares of Valaris in exchange for Transocean shares at an exchange ratio of 15.235 Transocean Shares for each Valaris Share.
- Following the consummation of the Business Combination, Transocean's existing shareholders will own approximately 53% and Valaris' existing shareholders will own approximately 47% of the combined company.
- The Business Combination will be effected by a court-approved scheme of arrangement, resulting in Valaris becoming a subsidiary of Transocean.
- Transocean's board of directors will include two current Valaris directors after the Business Combination, subject to Transocean Shareholder approval.
1 day ago
Halper Sadeh LLC Investigates Valaris Sale to Transocean
VAL
M&A
Legal Proceedings
Takeover Bid
- Halper Sadeh LLC is investigating the sale of Valaris Limited (NYSE: VAL) to Transocean Ltd..
- The investigation concerns whether Valaris's board failed to obtain the best possible price for shareholders, conduct a fair sales process, or disclose all material information.
- The proposed transaction involves Valaris shareholders receiving 15.235 shares of Transocean stock for each common share of Valaris.
- Concerns highlighted include potential substantial financial benefits for insiders and terms that could limit superior competing offers.
3 days ago
Transocean to Acquire Valaris
VAL
M&A
Guidance Update
- Transocean will acquire Valaris in an all-stock transaction valued at approximately $5.8 billion, as announced on February 9, 2026.
- Valaris shareholders are set to receive a fixed exchange ratio of 15.235 shares of Transocean stock for each common share of Valaris, resulting in Transocean shareholders owning approximately 53% and Valaris shareholders 47% of the combined company on a fully diluted basis.
- The combined entity is projected to have an enterprise value of approximately $17 billion and an estimated pro forma market capitalization of $12.3 billion.
- The merger is expected to yield over $200 million in identified cost synergies and create a combined fleet of 73 rigs with an industry-leading backlog of approximately $10 billion.
- The transaction is anticipated to close in the second half of 2026, subject to regulatory and shareholder approvals.
3 days ago
Transocean and Valaris Announce Combination
VAL
M&A
New Projects/Investments
- Transocean and Valaris announced a transformational combination in an all-stock transaction, aiming to create a stronger company well-positioned for a multi-year upcycle in offshore drilling.
- The deal is expected to generate more than $200 million in annual deal-related cost synergies and offers an implied premium of 10%-20% over a 60-90-day period to Valaris shareholders.
- The combined entity will have a pro forma backlog of more than $10 billion and anticipates its leverage ratio will drop to about 1.5 times within 24 months of closing.
- The transaction, expected to close in the second half of 2026, is projected to be accretive to free cash flow and earnings on a per-share basis.
- The combined fleet will include 7 highly capable semi-submersibles, 24 7th Gen drillships, two 8th Gen drillships, and a modern jack-up fleet of 31 rigs, which Transocean intends to continue operating.
3 days ago
Transocean to Acquire Valaris
VAL
M&A
Takeover Bid
- Transocean will acquire Valaris in an all-equity transaction, announced on February 9, 2026.
- The deal involves an exchange ratio of 15.235 shares of RIG for each VAL share, resulting in pro forma ownership of ~53% for RIG shareholders and ~47% for VAL shareholders.
- The combined entity is expected to achieve $200M+ in identified cost synergies and accelerate deleveraging, aiming for a leverage ratio of ~1.5x within 24 months.
- The transaction is expected to close in the second half of 2026, subject to shareholder and regulatory approvals.
- Post-acquisition, Keelan Adamson will serve as CEO and Jeremy Thigpen as Executive Board Chair.
3 days ago
Valaris and Transocean Announce All-Stock Combination
VAL
M&A
New Projects/Investments
Guidance Update
- Transocean and Valaris announced an all-stock combination expected to close in the second half of 2026.
- The transaction is projected to yield more than $200 million in annual deal-related cost synergies, contributing over $1.5 billion in value.
- The combined entity will have a pro forma backlog exceeding $10 billion and aims to reduce its leverage ratio to approximately 1.5 times within 24 months of closing.
- The merger creates a diversified fleet, including 24 7th Gen and 2 8th Gen drillships, 7 harsh environment semi-submersibles, and a 31-rig modern jack-up fleet, marking Transocean's re-entry into the shallow-water drilling market.
3 days ago
Valaris and Transocean Announce Combination
VAL
M&A
- Transocean and Valaris announced a combination in an all-stock transaction.
- The transaction includes an implied premium of 10%-20% over a 60-90-day period for Valaris shareholders.
- The combined entity anticipates over $200 million in annual deal-related cost synergies, expected to add more than $1.5 billion in value when capitalized.
- The pro forma company will have a backlog exceeding $10 billion and aims to reduce its leverage ratio to approximately 1.5 times within 24 months of closing.
- The transaction is projected to close in the second half of 2026.
3 days ago
Valaris to be Acquired by Transocean in All-Stock Deal
VAL
M&A
- Transocean has agreed to acquire Valaris in an all-stock transaction valued at approximately $5.8 billion, creating a combined company with an enterprise value near $17 billion.
- Valaris shareholders will receive 15.235 Transocean shares per Valaris share, resulting in a pro forma ownership split of approximately 53% Transocean and 47% Valaris.
- The combined entity will operate a fleet of 73 rigs, including 33 ultra-deepwater drillships, nine semisubmersibles, and 31 modern jack-ups, and is expected to carry a backlog of roughly $10 billion.
- Management anticipates over $200 million in identified cost and revenue synergies, with other reports suggesting savings exceeding $450 million through 2026, and projects stronger cash flow to accelerate debt reduction, targeting a leverage ratio of about 1.5x within 24 months of closing.
- The transaction is expected to close in the second half of 2026, pending approvals, and Valaris shares jumped about 24% following the announcement.
3 days ago
Valaris secures multi-year contract with Shell for drillship VALARIS DS-8
VAL
New Projects/Investments
Revenue Acceleration/Inflection
- Valaris Limited (NYSE: VAL) has been awarded a multi-year contract by Shell for its drillship VALARIS DS-8 to operate offshore Brazil.
- The contract is valued at approximately $300 million, with an estimated duration of about 800 days, and is expected to commence in the first quarter of 2027.
- The agreement also includes options for an additional estimated duration of approximately one year.
- This award contributes to Valaris's year-to-date backlog, which now exceeds $2.5 billion.
Dec 12, 2025, 12:02 AM
Valaris Reports Q3 2025 Results and Provides Q4 2025 Guidance
VAL
Earnings
Share Buyback
Guidance Update
- Valaris reported Q3 2025 adjusted EBITDA of $163 million and adjusted free cash flow of $237 million, with total revenues of $596 million.
- The company repurchased $75 million of shares during Q3 2025 at an average price of $49 per share.
- For Q4 2025, Valaris anticipates total revenues between $495 million and $515 million and adjusted EBITDA between $70 million and $90 million.
- Valaris secured a contract for the Valaris DS-12 with BP Offshore Egypt, valued at approximately $140 million for an estimated 350 days, commencing mid-Q2 2026, which means all four drillships with near-term availability are now contracted for work beginning next year.
- The company expects global drillship utilization to trough late 2025 or early 2026, with seventh-generation drillships reaching around 90% utilization by the end of 2026, and day rates for high-spec ships having largely troughed in the high $300,000s to low-to-mid $400,000s.
Oct 30, 2025, 2:00 PM
Quarterly earnings call transcripts for Valaris.
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