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Jun 30
Valaris Q2 2025 Earnings Report
Valaris delivered strong operational and financial results in Q2 2025, highlighted by high revenue efficiency and improved free cash flow.
Key Takeaways
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.
Total operating revenue was $615 million with 96% revenue efficiency
Net income reached $114 million and EPS was $1.61
Free cash flow was $63 million, driven by strong operations and asset sales
Contract backlog rose to $4.7 billion after $1.0+ billion in new awards
Valaris
Valaris
Valaris Revenue by Segment
Valaris Revenue by Geographic Location
Revenue by Segment
Floaters Revenue
CapyFin.comJackups Revenue
CapyFin.comOther Revenue
CapyFin.comRevenue by Geographic Location
Global Revenue
CapyFin.com Forward Guidance
Valaris expects continued strong operational execution and contract wins, supported by high-spec fleet and backlog growth.
Positive Outlook
- High-specification fleet gaining contract awards
- Over $1B in new contract backlog secured
- Backlog increased to $4.7B
- 96% revenue efficiency signals strong operations
- Improved adjusted free cash flow
Challenges Ahead
- Decreased revenue from floaters due to contract completion
- Semisubmersibles continued operating at lower utilization
- Jackup segment faced rising costs
- ARO Drilling posted a net loss
- General and administrative costs, though lower, remain a drag