{"filings":[{"id":97927,"accession_number":"0001140361-26-018999","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2026-05-05T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Valaris & Transocean receive DOJ Second Request, extending HSR review waiting period","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["On May 4, 2026, Valaris and Transocean received a Second Request from the DOJ under the HSR Act.","The Second Request extends the waiting period until 30 days after both parties substantially comply.","The merger was announced Feb 9, 2026: Transocean to acquire Valaris at 15.235 Transocean shares per Valaris share.","Parties continue working cooperatively with DOJ; deal remains subject to other conditions including shareholder approvals.","No change to expected closing timeline disclosed, but second request typically delays close."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":7690410000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":97926,"accession_number":"0000314808-26-000098","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2026-05-04T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Valaris adds $560M in new contracts; backlog rises to $4.9B","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["VALARIS DS-4 extension with Petrobras adds $447M; day rate adjustment reduces existing backlog by $21M.","VALARIS 115 extension with Brunei Shell adds $78M; VALARIS 122 gets multiple extensions worth ~$14M.","VALARIS 110 operations suspended since March 2026; remains contracted to NOC offshore Qatar.","VALARIS 116 and 250 shipyard projects delayed; bareboat charters now expected to resume in Q3 2026.","Semisubmersible VALARIS DPS-1 sold for recycling in April 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":7690410000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":97925,"accession_number":"0000314808-26-000097","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2026-05-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Valaris Q1 net loss $18M; backlog hits $4.9B; Transocean deal pending","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q1 total operating revenues $465M, net loss of $18M vs. prior quarter net income of $717M.","Adjusted EBITDA of $67M, down from $97M in Q4 2025; revenue efficiency 98%.","Added over $500M contract backlog since Q4; total backlog ~$4.9B, highest in nearly a decade.","All-stock merger with Transocean announced Feb 9, 2026; $14M merger & integration expenses in Q1.","Floater revenues $193M (-25% QoQ); jackup revenues $196M (-6%); ARO revenues $127M (-9%)."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.24,"consensus_revenue_estimate":null,"consensus_revenue_actual":465400000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":7690410000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":113127,"accession_number":"0000314808-26-000025","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2026-02-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Valaris Q4 net inc $717M includes $680M tax benefit; adj EBITDA $97M; $900M backlog; Transocean merger","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $717M (incl $680M tax benefit on deferred tax asset allowance changes); adj EBITDA $97M vs $163M Q3.","Total op rev $537M (ex-reimbursable $502M), down 10% QoQ; revenue efficiency 98%.","Secured $900M new backlog since Q3; total backlog ~$4.7B; all 10 active drillships expected working by 2027.","FY2026 guidance: rev $2,125-2,205M, adj EBITDA $485-565M (excl merger costs), capex $425-475M.","CEO highlights pending all-stock transaction with Transocean announced Feb 9, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":13.86,"consensus_revenue_estimate":null,"consensus_revenue_actual":2369000000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":7690410000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":113126,"accession_number":"0000314808-26-000018","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2026-02-17T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Valaris adds ~$900M in new contracts; backlog rises to $4.7B","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["New contracts and extensions added ~$900M to backlog, raising total to ~$4.7B from ~$4.5B.","DS-8 awarded ~$300M multi-year Shell Brazil contract; DS-7 extension ~$125M with Azule Energy.","DS-9 two-year extension with ExxonMobil Angola; VALARIS 106 awarded ~$74M BP Indonesia contract.","VALARIS DPS-1 classified as held for sale for recycling; VALARIS 102 and 145 sold for recycling.","VALARIS 120 contract with Harbour Energy suspended; ~$120M removed from backlog."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":7690410000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":113125,"accession_number":"0001140361-26-004511","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2026-02-10T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Valaris to be acquired by Transocean at exchange ratio of 15.235; combined ownership 53% Transocean / 47% Valaris","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Transocean will acquire all Valaris shares; each Valaris share exchanged for 15.235 Transocean shares.","Combined company: ~53% owned by Transocean shareholders, ~47% by Valaris shareholders.","Termination fees: $195M to Valaris, $173M to Transocean; expense reimbursements up to $65M/$58M.","Support agreements: ~18% Valaris shareholders and ~9% Transocean shareholders committed to vote in favor.","Transaction expected to close by February 9, 2027, subject to regulatory and shareholder approvals."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":7690410000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":113124,"accession_number":"0001140361-26-004310","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2026-02-09T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Transocean to acquire Valaris in all-stock deal valued at ~$5.8B; combined fleet of 73 rigs","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Deal valued at ~$5.8B; exchange ratio 15.235 RIG shares per VAL share; combined EV ~$17B.","Pro forma ownership 53% Transocean, 47% Valaris; expected closing H2 2026.","Identified cost synergies >$200M; combined backlog ~$10B.","Leadership: Keelan Adamson CEO, Jeremy Thigpen Executive Chairman; board 11 members (9 RIG, 2 VAL).","Combined fleet of 73 rigs including 33 ultra-deepwater drillships, 9 semisubmersibles, 31 jackups."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.95,"calibrated_materiality_score":0.95,"market_cap_usd":7690410000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129530,"accession_number":"0000314808-25-000144","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2025-10-29T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Valaris Q3 net income $187M, adjusted EBITDA $163M; secures DS-12 contract with bp","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $187M vs $114M Q2; Adjusted EBITDA $163M vs $201M Q2.","Total operating revenues $596M, down 3% from Q2's $615M; revenue efficiency 95%.","Secured 350-day contract for VALARIS DS-12 with bp offshore Egypt; all four active drillships now contracted.","Sold jackup VALARIS 247 for $108M cash; repurchased $75M of shares in Q3.","Floaters segment revenues excl. reimbursable fell to $293M from $320M due to two drillships completing contracts."],"consensus_eps_estimate":null,"consensus_eps_actual":3.73,"consensus_revenue_estimate":null,"consensus_revenue_actual":1831600000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":7690410000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129529,"accession_number":"0000314808-25-000137","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2025-10-23T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Valaris secures ~$190M in new contracts; backlog $4.5B; sells jackup for $108M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Five-well floater contract with BP for VALARIS DS-12 in Egypt, TCV ~$140M, starts Q2 2026.","Jackup VALARIS 121 extension with Shell (194 days, >$25M) and VALARIS Norway extension with Ithaca (150 days, ~$18M).","VALARIS 247 sold for $108M in August 2025.","Total contract backlog $4.5B as of Oct 23, 2025, with floaters at $2.6B and jackups at $1.3B.","Out-of-service days planned for several rigs in 2025-2027, impacting Q4 2025 and beyond."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":7690410000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146092,"accession_number":"0000314808-25-000122","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2025-07-30T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Valaris Q2 net income $114M, adjusted EBITDA $201M beats guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $114M vs net loss $39M in Q1; revenue $615M, revenue efficiency 96%.","Adjusted EBITDA $201M, above guidance of $140-160M; included $24M arbitration benefit.","Secured over $1.0B new contract backlog; total backlog ~$4.7B; three 7th-gen drillship awards.","Agreed to sell jackup VALARIS 247 for ~$108M cash; cash and restricted cash $516M.","Floater revenues ex-reimbursable $320M; Jackup $212M; ARO Drilling $140M."],"consensus_eps_estimate":null,"consensus_eps_actual":1.08,"consensus_revenue_estimate":null,"consensus_revenue_actual":1235900000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":7690410000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146091,"accession_number":"0000314808-25-000113","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2025-07-24T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Valaris adds >$1B in new contracts; backlog rises to $4.7B; selling jackup for $108M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["New contracts and extensions add over $1.0B to backlog since April 30; total backlog reaches ~$4.7B.","Occidental awards 940-day DS-16 extension and 914-day DS-18 contract in Gulf of America for ~$760M combined.","DS-15 secures 5-well West Africa contract valued at ~$135M including upfront payments, starting Q3 2026.","Jackup VALARIS 110 gets 4-year Qatar extension (~$117M); VALARIS 247 sold for ~$108M, close expected 2H25.","Harbour Energy suspends VALARIS 120; mutual termination of VALARIS 248 contract with Anasuria Hibiscus."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":7690410000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":164400,"accession_number":"0000314808-25-000090","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2025-06-13T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Valaris shareholders elect all directors, approve say-on-pay, ratify KPMG at 2025 AGM","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All six director nominees elected; Kristian Johansen received 43.99M For votes (91.1% of votes cast).","Advisory vote on executive compensation approved with 45.27M For (95.3% of votes cast).","KPMG LLP ratified as independent auditor with 54.40M For (93.0% of votes cast).","Meeting held June 12, 2025 with 82.41% of shares represented (58.55M of 71.04M shares)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.15,"market_cap_usd":7690410000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":164399,"accession_number":"0000314808-25-000073","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2025-04-30T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Valaris adds ~$1.0B in new contracts; backlog rises to $4.2B as of April 30, 2025","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Two-year contract for VALARIS DS-10 offshore West Africa with firm TCV of $352M; expected start late Q2/Q3 2026.","Five-year BBC extensions for five jackups leased to ARO Drilling in Saudi Arabia; six-month option for VALARIS DS-9 in Angola.","545-day contract for VALARIS 117 offshore Trinidad and 730-day contract for VALARIS 248 in North Sea.","Contract backlog increased to ~$4.2B from ~$3.6B in Feb 2025; new awards and extensions add ~$1.0B.","Semisubmersibles VALARIS DPS-3, DPS-5, DPS-6 sold for recycling in April 2025 for total proceeds of ~$10M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":7690410000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":164398,"accession_number":"0000314808-25-000072","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2025-04-30T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Valaris Q1 2025: Net loss $39M (incl. $167M tax charge), Adj. EBITDA $181M, backlog $4.2B","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $621M, revenue efficiency 96%; sequential revenue up from $584M in Q4 2024.","Net loss $39M vs Q4 net income $131M due to $167M discrete tax expense from valuation allowance on semisub retirements.","Adjusted EBITDA $181M, up 27% from $142M in Q4 2024, driven by higher floater revenues.","Secured ~$1.0B in new contract backlog; total backlog increased to >$4.2B, up ~20% since Feb fleet report.","Sold semisubs DPS-3/5/6 for recycling; incurred $8M impairment loss; cash and equivalents rose to $454M."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.53,"consensus_revenue_estimate":null,"consensus_revenue_actual":620700000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":7690410000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":182159,"accession_number":"0000314808-25-000025","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2025-02-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Valaris Q4 net income $131M; Adjusted EBITDA $142M; adds $120M backlog; to retire three semisubs","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $131M, up from $63M in Q3; Adjusted EBITDA $142M, down from $150M sequentially.","Revenue excl. reimbursables $548M (-9% QoQ); fleet revenue efficiency 96% in Q4, 97% for 2024.","Generated $125M cash from ops; Free Cash Flow $13M; repurchased $25M of shares in Q4.","Secured ~$120M backlog including multi-year North Sea jackup contract for VALARIS Stavanger.","Announced retirement of semisubmersibles DPS-3, DPS-5, DPS-6 and sale of jackup VALARIS 75 for $24M."],"consensus_eps_estimate":null,"consensus_eps_actual":5.12,"consensus_revenue_estimate":null,"consensus_revenue_actual":2362600000.0,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":7690410000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":182158,"accession_number":"0000314808-25-000020","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2025-02-18T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Valaris backlog drops to $3.6B; new awards add ~$120M; retires three rigs, sells jackup for $24M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Contract backlog fell to $3.6B from $4.1B as of Oct 30, 2024.","New contracts/extensions (TotalEnergies 600-day >$75M, BP 100-day $16.8M) added ~$120M.","Valaris retired three semisubmersibles (DPS-5, DPS-3, DPS-6); expects removal from global drilling supply.","Sold stacked jackup VALARIS 75 for $24M; future operations restricted to U.S. Gulf.","Short-term bareboat charter extensions for three ARO Drilling jackups through Feb 28, 2025; talks with Saudi Aramco for longer term."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":7690410000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198802,"accession_number":"0000314808-24-000164","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2024-10-30T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Valaris Limited reports $257M in new contracts and backlog drops to $4.1B","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["New contracts and extensions added approximately $257 million to backlog since July 2024.","Total contract backlog decreased to about $4.1 billion from $4.3 billion.","BP exercised a three-year extension for jackup VALARIS 118 offshore Trinidad valued at $168 million.","Eni exercised a 300-day extension for jackup VALARIS 117 in Mexico valued at $36 million.","Contracts for jackups VALARIS 147 and 148 were suspended and later terminated; rigs returned to Valaris."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":7690410000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198801,"accession_number":"0000314808-24-000162","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2024-10-30T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Valaris Q3 net income $63M, revenue $643M; repurchases $100M, adds $168M backlog","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income fell to $63M from $151M in Q2, driven by $24M tax expense vs $30M benefit.","Revenue up 5% to $643M; Adjusted EBITDA +8% to $150M; cash from ops $193M, FCF $111M.","Repurchased $100M of shares in Q3; cash and equivalents $392M at Sep 30.","Full quarter operations for drillship DS-7; awarded $168M contract extension for jackup 118.","ARO Drilling revenues down 8%; recorded $28.4M impairment; two contract suspensions terminated."],"consensus_eps_estimate":null,"consensus_eps_actual":3.26,"consensus_revenue_estimate":null,"consensus_revenue_actual":1778200000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":7690410000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198800,"accession_number":"0000314808-24-000151","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2024-10-17T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Director James W. Swent III resigns from Valaris Board; Catherine Hughes appointed committee chair","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["James W. Swent III resigned from the Board on October 15, 2024.","Board now comprises six directors following his resignation.","Catherine Hughes appointed to Nominating and Governance Committee as its chair."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":7690410000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":214832,"accession_number":"0000314808-24-000121","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2024-07-31T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Valaris Q2 net income $151M vs $26M Q1; backlog tops $4.3B","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income of $151M vs $26M in Q1; Adjusted EBITDA $139M vs $54M Q1.","Revenue $610M (+16% QoQ); revenue efficiency 99% with no lost time incidents.","Contract backlog >$4.3B at July 29 (+42% YoY); new $500M Equinor contract for VALARIS DS-17 offshore Brazil.","Capital expenditures $110M; cash $410M (down from $509M due to capex).","CEO expects significant earnings and cash flow growth; all future free cash flow to be returned to shareholders."],"consensus_eps_estimate":null,"consensus_eps_actual":2.38,"consensus_revenue_estimate":null,"consensus_revenue_actual":1135100000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":7690410000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":214831,"accession_number":"0000314808-24-000116","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2024-07-30T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Valaris awards $715M in new contracts; backlog rises to $4.3B; Saudi suspensions for 2 rigs","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["New contracts and extensions since Apr 30 increase backlog to ~$4.3B from ~$4.0B; new contract backlog of ~$715M.","Equinor drillship contract for VALARIS DS-17 valued at ~$498M; estimated duration 852 days starting 3Q25.","Multiple jackup awards: Valaris 92 (~$75M, UK P&A), Valaris 249 (~$66M, Shell Trinidad), Valaris Norway (~$39M, ENI UK), others.","Suspension notices received for Valaris 147 and 148 (leased to ARO) from Saudi Aramco; backlog impact ~$35M for Valaris, $113M for ARO. Discussions ongoing.","North Oil Company exercised one-year option for Valaris 110 at ~$26M; Valaris 123 option exercised at $152.5k day rate."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":7690410000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":214830,"accession_number":"0000314808-24-000099","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2024-07-19T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Valaris board member Deepak Munganahalli resigns effective July 18, 2024","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Deepak Munganahalli resigned from Valaris Board of Directors on July 18, 2024 for personal reasons.","Resignation was not due to any disagreement with Company's operations, policies, or practices.","No replacement or reduction in board size details provided; vacancy remains."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":7690410000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":233991,"accession_number":"0000314808-24-000089","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2024-06-17T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Valaris shareholders elect all director nominees; say-on-pay and KPMG ratified","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All 8 director nominees elected; James Swent III received ~51M for (~7M against), others received 57-58M for.","Advisory say-on-pay approved with ~56.3M for, ~1.7M against, ~0.04M abstain.","KPMG LLP ratified as auditor with ~60.3M for, ~3.7M against.","Meeting held June 12, 2024; 88.32% of shares represented."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.15,"market_cap_usd":7690410000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":233990,"accession_number":"0000314808-24-000059","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2024-05-02T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Valaris Q1 net income $26M, revenue $525M; contract backlog tops $4.0B, up 43% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $26M, revenue $525M (up 9% QoQ); fleetwide revenue efficiency 97%.","Adjusted EBITDA $54M, Adjusted EBITDAR $84M; net income down vs Q4 due to $790M tax benefit in prior quarter.","New contracts/extensions with backlog >$520M; total backlog >$4.0B, 6th consecutive quarterly increase.","Floaters segment revenue $324M (+23% QoQ) driven by VALARIS DS-8 reactivation; jackup revenue down 15% due to idle time for contract prep.","Capital expenditures $151M; cash $509M; company plans to return all future free cash flow to shareholders."],"consensus_eps_estimate":null,"consensus_eps_actual":0.35,"consensus_revenue_estimate":null,"consensus_revenue_actual":525000000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":7690410000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":233989,"accession_number":"0000314808-24-000056","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2024-05-01T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Valaris reports $480M in new contracts, backlog rises to $4.0B, but two rig contracts suspended","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["New contract awards and extensions add ~$480M to backlog; total backlog $4.0B (up from $3.9B in Feb).","Three-year extension with BP for Mad Dog and Thunder Horse rigs valued at ~$259M total.","ARO Drilling suspends contract for jackup VALARIS 143; termination expected, rig returns to Valaris.","VALARIS 92 receives suspension notice from Feb 2025, reducing backlog by ~$35M.","Two new drillships (DS-14, DS-13) arrive in Las Palmas, Spain for stacking until contracted."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":7690410000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}