Valaris Ltd
NYSE:VAL

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Valaris Ltd
NYSE:VAL
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Price: 58.96 USD -0.44%
Market Cap: 4.1B USD

Valaris Ltd
Investor Relations

Valaris Ltd., emerging from a complex legacy of mergers and acquisitions, stands as a titan in the offshore drilling industry. The company's roots can be traced back through storied names like Ensco and Rowan, each contributing to its robust framework and deep-seated experience in global energy exploration. Focused primarily on offshore oil and gas drilling services, Valaris leverages an impressive fleet of modern, high-specification rigs. These rigs are strategically deployed across the world's major oil basins, where they endure the harsh oceanic conditions to tap into the earth's hidden resources. Valaris' operations are not just about endurance and strength; they embody a calculated precision aimed at maximizing extraction efficiency and minimizing environmental impact.

Revenue generation for Valaris hinges on its ability to secure long-term contracts with major oil companies. These partnerships are often crafted through competitive bidding processes, showcasing the rigs' technological prowess and the company’s skilled operational teams. In a cyclical industry highly sensitive to global oil prices, consistent performance and technological innovation are crucial for maintaining a competitive edge. Valaris ensures its financial health by targeting a diverse mix of exploratory and development drilling projects. By optimizing the utilization of its high-tech fleet and sustaining client relationships that include industry giants like ExxonMobil and Chevron, Valaris not only anchors its financial stability but charts a course for steady growth in the fluctuating tides of the energy sector.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 30, 2025
AI Summary
Q3 2025

Strong Quarter: Valaris delivered another solid quarter, with high operational efficiency, $163 million in adjusted EBITDA, and $237 million in adjusted free cash flow.

Backlog Growth: The company added over $2.2 billion in new backlog year-to-date, bringing the total to $4.5 billion, and secured contracts for all four drillships with near-term availability.

Shareholder Returns: Valaris repurchased $75 million in shares during the quarter, reflecting a continued focus on returning capital to shareholders.

Market Outlook: Management remains constructive on offshore drilling demand, especially for deepwater and jack-up rigs, and expects high-spec drillship utilization to reach around 90% by the end of 2026.

Guidance Update: Q4 revenue is expected to be $495–$515 million, with adjusted EBITDA of $70–$90 million and full-year adjusted EBITDA guidance raised by $40 million.

Key Financials
Revenue
$596 million
Adjusted EBITDA
$163 million
Revenue Efficiency
95%
Adjusted Free Cash Flow
$237 million
Cash Flow from Operations
$198 million
CapEx
$70 million
Share Repurchases
$75 million
Backlog
$4.5 billion
Cash and Cash Equivalents
$676 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Matthew Lyne
Senior VP & Chief Commercial Officer
No Bio Available
Ms. Melissa Barron
Controller & Principal Accounting Officer
No Bio Available
Ms. Colleen W. Grable
VP & Chief Human Resources Officer
No Bio Available
Mr. Duke Bajenting
Vice President of Strategy & Sustainability
No Bio Available

Contacts

Address
Hamilton
Clarendon House, 2 Church Street
Contacts