Valaris Q4 2024 Earnings Report
Key Takeaways
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.
Delivered net income of $131 million and Adjusted EBITDA of $142 million.
Achieved revenue efficiency of 96% during the quarter.
Generated $125 million of cash from operating activities and $13 million of Free Cash Flow.
Secured approximately $120 million of contract backlog, including a multi-year contract for jackup VALARIS Stavanger in the North Sea.
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Valaris Revenue by Segment
Forward Guidance
The contracting outlook for 2026 and beyond remains strong for high-specification assets and Valaris is focused on securing attractive, long-term programs for its active rigs.