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) 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.
Valaris (NYSE: VAL) was awarded a 1,064-day contract extension with Petrobras offshore Brazil for drillship VALARIS DS-4, expected to commence in November 2027 in direct continuation of the existing program.
The extension adds approximately $447 million to contract backlog and a concurrent day-rate adjustment reduces backlog between April 1, 2026 and November 2027 by about $21 million, securing continuous work for DS-4 into 2030.
Valaris (NYSE: VAL) said its subsidiary Ensco UK Drilling Ltd. signed a Strategic Collaboration Agreement with PETRONAS Suriname and Halliburton on April 6, 2026 to support development of PETRONAS Suriname’s offshore assets.
The agreement creates a cooperative framework for early planning, technical integration and continuous improvement to enhance operational efficiency in the Guyana-Suriname Basin.
Valaris (NYSE: VAL) reported Q4 2025: total operating revenues of $537.4 million, revenue efficiency of 98%, net income of $717 million (including a $680 million tax benefit) and Adjusted EBITDA of $97 million. Total backlog rose to approximately $4.7 billion after nearly $900 million of new awards. Cash was $599 million at year-end. Management provided FY2026 guidance: revenues of $2,125–2,205 million, Adjusted EBITDA $485–565 million, and capex $425–475 million. The company announced a pending all-stock transaction with Transocean and cancelled future earnings calls due to the pending combination.
Valaris (NYSE: VAL) issued a Fleet Status Report on February 17, 2026, summarizing the current status of its offshore drilling rig fleet and selected contract information. The report is available in the Investors section at the company website.
Valaris (NYSE: VAL) said it has cancelled its fourth quarter 2025 conference call and does not intend to hold future earnings conference calls, citing the pending business combination with Transocean announced February 9, 2026. The company will issue its Q4 2025 earnings release on February 19, 2026 after NYSE close.
Valaris said it uses its website for disclosures and invited stakeholders to sign up for email alerts for SEC filings and updates.
Summary not available.
Valaris (NYSE: VAL) will issue its fourth quarter 2025 earnings release before the New York Stock Exchange opens and host a conference call at 9:00 a.m. CST / 10:00 a.m. EST on Thursday, February 19, 2026.
The call will be webcast live at www.valaris.com; dial-in details and a replay through March 19, 2026 (conference ID 9262988) are provided. Investors can sign up for email alerts on the company website.
Valaris (NYSE: VAL) was awarded a multi-year contract by Shell offshore Brazil for drillship VALARIS DS-8. The engagement is expected to commence in Q1 2027, run for approximately 800 days and carry a total contract value of about $300 million. The agreement also includes options totaling roughly one additional year.
Management noted the award supports the company’s commercial strategy and cited over $2.5 billion of backlog secured year to date to underpin future earnings and cash flow.
Valaris (NYSE: VAL) reported third quarter 2025 results on October 29, 2025. Total operating revenues were $596 million with revenue efficiency of 95%. Net income was $187 million and Adjusted EBITDA was $163 million. Cash from operating activities totaled $198 million and Adjusted Free Cash Flow was $237 million. The company repurchased $75 million of shares and completed the sale of jackup VALARIS 247 for $108 million, raising cash to $676 million (cash and restricted cash) as of September 30, 2025. Valaris secured a ~350‑day contract for VALARIS DS-12 and noted two drillships completed contracts mid‑Q3 with next work starting in H2 2026.