Valaris delivered a strong third quarter in 2025, with net income increasing to $187 million and total operating revenues reaching $596 million. The company achieved a revenue efficiency of 95% and secured a significant contract for VALARIS DS-12, ensuring all four active drillships with near-term availability are now contracted. Proceeds from asset sales and robust cash flow from operations further strengthened the financial position.

Valaris reported $615 million in total revenue and $114 million in net income for Q2 2025, with robust performance from both floaters and jackups. The company also achieved 96% revenue efficiency and generated $63 million in adjusted free cash flow.

Valaris reported a net loss of $39 million in the first quarter of 2025, primarily due to a significant discrete tax expense of $167 million. Despite the loss, total operating revenues increased to $621 million, and operating income rose to $143 million, driven by stronger performance in the floater segment. The company also achieved a revenue efficiency of 96% and secured approximately $1.0 billion in new contract backlog, increasing the total backlog to over $4.2 billion.

Valaris Limited reported a net income of $131 million and Adjusted EBITDA of $142 million for the fourth quarter of 2024. The company achieved a revenue efficiency of 96% during the quarter and generated $125 million in cash from operating activities.

Valaris reported a net income of $63 million and Adjusted EBITDA of $150 million for Q3 2024. The company generated $193 million in cash from operating activities and $111 million of free cash flow, while also repurchasing $100 million of shares. Revenue efficiency remained high at 98%.

Valaris reported a strong second quarter in 2024, marked by excellent safety and operating performance, achieving 99% revenue efficiency. The company saw a meaningful improvement in financial results, driven by the successful contract startup for VALARIS DS-7 and secured a new multi-year contract with Equinor for VALARIS DS-17.

Valaris reported first quarter 2024 results with a net income of $26 million and revenues of $525 million. The company achieved a fleetwide revenue efficiency of 97% and secured new contracts and extensions with associated contract backlog of more than $520 million. Total contract backlog increased to more than $4.0 billion as of April 30, 2024.

Valaris reported a strong fourth quarter with significant contract backlog increase and new contracts, leading to positive financial results. The company is optimistic about future earnings and cash flow growth, planning to return free cash flow to shareholders.

Valaris reported a net income of $17 million and revenues of $455 million for the third quarter of 2023. The company was awarded new contracts and extensions with associated contract backlog of approximately $465 million during the quarter. The outlook for Valaris is positive, with increasing demand and constrained supply tightening the market.

Valaris reported a net loss of $27 million and revenues of $415 million. The company achieved a revenue efficiency of 97% and was awarded new contracts and extensions with associated contract backlog of approximately $180 million during the second quarter. The company increased its 2023 share repurchase target from $150 million to $200 million.

Valaris reported a net income of $49 million for Q1 2023. The company achieved a revenue efficiency of 99% and secured new contracts and extensions, increasing contract backlog to $2.8 billion. A refinancing transaction enhanced liquidity by almost $500 million, and the share repurchase authorization was increased to $300 million.

Valaris reported a net income of $31 million for Q4 2022, with revenues decreasing slightly to $434 million. The company was awarded new contracts and extensions with associated contract backlog of more than $400 million during the quarter. Reactivation of VALARIS DS-17 is well underway and they are in advanced discussions for a multi-year opportunity for one of their stacked drillships

Valaris reported a net income of $78 million and revenues of $437 million for the third quarter of 2022. The company increased quarterly operating income by $77 million due to the reactivation of four floaters and secured new contracts and extensions with a contract backlog of more than $250 million.

Valaris reported a net income of $113 million, a significant increase from the previous quarter's net loss. Revenues also saw a substantial rise, driven by a contract termination fee and improved fleet utilization and day rates.

Valaris reported first quarter 2022 results with revenues increasing to $318 million. The company achieved 99% revenue efficiency and sold two jackups for a total of $125 million. The company is in a transitional period as it incurs reactivation costs to put three drillships and one semisubmersible back to work on long-term contracts.

Valaris reported a decrease in revenues to $306 million in the fourth quarter 2021 from $327 million in the third quarter 2021. Contract backlog increased to $2.4 billion from $1.0 billion at the beginning of 2021. The company is in a transitional period, incurring reactivation costs for upcoming contracts, but anticipates financial results will improve significantly as these reactivations are completed.

Valaris reported strong third-quarter results driven by high revenue efficiency and significant contract backlog additions. The company is focused on maximizing earnings and driving free cash flow as the offshore drilling market recovers.

Valaris Limited reported second quarter 2021 results, emerging from chapter 11 on April 30, 2021, with a strengthened capital structure and over $1.3 billion in contract backlog. The company is beginning to see early signs of recovery in customer demand.

Valaris plc reported a net loss attributable to the company of $3.01 billion for Q1 2020, compared to a net loss of $216 million in Q4 2019. Revenues declined to $457 million from $512 million in the previous quarter, primarily due to a decrease in fleet utilization. The company is taking steps to manage costs and preserve liquidity amidst a severe industry downturn.

Valaris plc reported a net loss attributable to the company of $216 million, or $1.09 per share, for fourth quarter 2019. Revenues declined to $512 million in fourth quarter 2019 from $551 million in the prior quarter primarily due to the sale of VALARIS 5006. The Company reported adjusted EBITDA of $22 million in fourth quarter 2019.