Valaris Q3 2024 Earnings Report
Key Takeaways
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%.
Net income of $63 million and Adjusted EBITDA of $150 million.
Revenue efficiency of 98%.
Generated $193 million of cash from operating activities and $111 million of free cash flow.
Repurchased $100 million of shares.
Valaris
Valaris
Valaris Revenue by Segment
Forward Guidance
While customer demand has been deferred, the outlook for 2026 and beyond remains robust. Valaris continues to focus on securing attractive, long-term work for its available rig fleet to support earnings and cash flow growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income