{"filings":[{"id":2080957,"accession_number":"0000314808-26-000139","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2026-08-05T21:01:16+00:00","items":["7.01","9.01"],"status":"ready","headline":"Valaris reports $4.6B backlog, new contracts >$160M, sells two stacked jackups for $74M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["New contracts and extensions add >$160M to backlog; total backlog $4.6B as of Aug 5, 2026.","Sold stacked jackups VALARIS 104 and 109 for total cash proceeds of $74M in June/July 2026.","Letter of Award for VALARIS DS-18 two-well exploration program in Gulf of America, expected Q4 2026.","VALARIS 248 awarded 41-well P&A contract in UK North Sea, estimated $140M backlog, starting mid-2027.","Middle East rigs remain under contract; VALARIS 110 resumed operations offshore Qatar in late May 2026."],"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":2080962,"accession_number":"0000314808-26-000138","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2026-08-05T21:00:16+00:00","items":["2.02","9.01"],"status":"ready","headline":"Valaris Q2 net income $47M, Adj. EBITDA $97M; Middle East conflicts hit $30M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income of $47M vs net loss of $18M in Q1 2026; revenue $539M, up 16% QoQ.","Adjusted EBITDA $97M includes ~$30M negative impact from Middle East conflicts.","Revenue efficiency 98%; drillships VALARIS DS-12 and DS-10 started new contracts on schedule.","Added >$160M backlog for North Sea jackups; sold stacked jackups VALARIS 104 and 109 for $74M total.","Pending merger with Transocean on track to close Q4 2026; no future earnings calls."],"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":0.75,"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":1370718,"accession_number":"0001140361-26-027091","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2026-07-01T13:00:48+00:00","items":["8.01"],"status":"ready","headline":"Valaris and Transocean clear CFIUS; DOJ second request extends timeline","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["CFIUS clearance received June 29, 2026; condition satisfied for merger.","DOJ Second Request issued May 4; parties cannot certify compliance before July 31, 2026.","Merger consideration: 15.235 Transocean shares per Valaris share.","Closing expected H2 2026, pending shareholder approval and other conditions."],"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":0.7,"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":974841,"accession_number":"0000314808-26-000107","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2026-06-10T21:00:16+00:00","items":["5.07"],"status":"ready","headline":"Valaris shareholders re-elect all director nominees, approve executive compensation and auditor","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All six director nominees elected with majority support; Elizabeth Leykum received 56.6M votes for.","Advisory vote on named executive officer compensation approved with 55.7M votes for (97.1% of votes cast).","Appointment of KPMG LLP as independent auditor ratified with 57.7M votes for (94.5% of votes cast).","Broker non-votes totaled 3,987,572 on director elections and say-on-pay; none on auditor ratification."],"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":0.15,"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":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},{"id":251954,"accession_number":"0000314808-24-000011","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2024-02-22T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Valaris reports Q4 2023 net income of $829M, including $790M tax benefit; backlog $3.9B","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $828.5M (includes $790M tax benefit); adjusted EBITDA $57.5M vs $40M in Q3 2023.","Revenue $483.8M, up 6% QoQ; contract backlog rose to >$3.9B from $2.4B a year ago.","Awarded $1.4B in new contracts during Q4, including multi-year drillship deals at leading-edge rates.","Board increased share repurchase authorization to $600M; repurchased $50M in Q4 ($200M in 2023).","Took delivery of newbuild drillships DS-13 and DS-14 for $337M; cash and restricted cash $636M."],"consensus_eps_estimate":null,"consensus_eps_actual":11.51,"consensus_revenue_estimate":null,"consensus_revenue_actual":1784200000.0,"consensus_period":"2023-FY","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":251953,"accession_number":"0000314808-24-000003","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2024-02-16T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Valaris reports $1.2B new contracts; backlog rises to $3.9B from $3.2B","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["VALARIS DS-4 awarded 1,064-day, ~$519M contract with Petrobras (Brazil); starts late Q4 2024 after ~90 days of upgrades.","Purchased newbuild drillships DS-13 & DS-14 for ~$337M; being mobilized to Las Palmas, Spain for stacking.","Total contract backlog increased to ~$3.9B from ~$3.2B as of Nov 2023; floater backlog $2.5B, jackup $1.2B.","VALARIS DS-16 extended with Occidental for two years (June 2024); VALARIS Stavanger awarded ~$48M contract with TotalEnergies (UK).","Terminated previously disclosed VALARIS 107 contract offshore Australia; replaced by new awards for VALARIS 249."],"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":269491,"accession_number":"0000314808-23-000133","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2023-12-15T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Valaris appoints Melissa Barron as principal accounting officer effective March 1, 2024","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Barron succeeds Colleen Grable, who remains as VP – Chief Human Resources Officer.","Barron joined Valaris in August 2022 as Director – SEC Reporting; prior roles at OraSure and Diamond Offshore.","Barron's base salary $260k, target STI 35% of base, LTI grant 70% of base.","Darin Gibbins named VP – Corporate Finance; continues as VP – IR & Treasurer until March 1, 2024.","No family relationships or related party transactions with Barron."],"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":0.45,"calibrated_materiality_score":0.45,"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":269490,"accession_number":"0000314808-23-000127","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2023-11-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Valaris Q3 net income $17M vs loss; revenue up 10%; $465M new contract backlog","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $17M (Q2 net loss $27M); adjusted EBITDA $40M (Q2 $15M).","Revenue $455M (+10% QoQ); fleetwide revenue efficiency 94% in quarter, 97% YTD.","Awarded $465M contract backlog in Q3; additional $335M post-quarter; drillship reactivations ongoing.","Executed $400M add-on 8.375% second lien notes due 2030 to fund newbuild drillship purchases.","Repurchased $85M shares in Q3, $171M YTD; on track for $200M 2023 target."],"consensus_eps_estimate":null,"consensus_eps_actual":0.4,"consensus_revenue_estimate":null,"consensus_revenue_actual":1300400000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","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":269489,"accession_number":"0000314808-23-000124","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2023-11-01T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Valaris adds ~$480M in contract backlog; total backlog rises to $3.2B","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Total backlog grew to $3.2B from $3.0B as of August 2023, driven by new awards and extensions.","VALARIS DS-15 secured 250-day extension with TotalEnergies offshore Brazil; firm value $100M plus up to $210M in priced options.","Petrobras exercised 6-month option on VALARIS DS-4 at ~$41M; ExxonMobil extended VALARIS DS-9 for 6 months in Angola.","VALARIS DPS-5 won 2-well contract with Eni Mexico at $345,000/day plus $3M mobilization fee.","Eni awarded VALARIS 72 a 55-well P&A contract in UK East Irish Sea with ~4-year duration and indexed 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":"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":286468,"accession_number":"0001104659-23-093930","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2023-08-21T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Valaris issues $400M of 8.375% Senior Secured Second Lien Notes due 2030 to fund drillship purchases","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $400M aggregate principal of 8.375% Senior Secured Second Lien Notes at 100.75% of par, net proceeds ~$396M.","Proceeds to finance ~$337M purchase of drillships VALARIS DS-13 and DS-14, with delivery by Dec 31, 2023, and for general corporate purposes.","Additional Notes rank equally with existing $700M notes issued April 2023, same terms, mature April 30, 2030."],"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":286467,"accession_number":"0001104659-23-088831","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2023-08-08T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Valaris prices $400M upsized 8.375% senior secured notes due 2030 for drillship purchases","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $400M in additional 8.375% Senior Secured Second Lien Notes due 2030 at 100.75% of par.","Upsized from original $350M offering; net proceeds ~$396M after discount and expenses.","Proceeds to fund ~$337M purchase of drillships VALARIS DS-13 and DS-14, with delivery option by Dec 31, 2023.","Closing expected August 21, 2023; notes form a single series with $700M existing notes issued April 19, 2023."],"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":0.7,"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":286466,"accession_number":"0001104659-23-088107","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2023-08-07T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Valaris plans $350M add-on of 8.375% notes to fund drillship purchases","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issuers will offer $350M additional 8.375% Senior Secured Second Lien Notes due 2030.","Net proceeds to finance ~$337M purchase of drillships VALARIS DS-13 and DS-14 by Dec 31, 2023.","Notes form a single series with existing $700M notes issued April 2023.","If drillship purchase not exercised, proceeds used for general corporate purposes.","Offering is private placement under Rule 144A/Reg S."],"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":0.5,"calibrated_materiality_score":0.5,"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":286465,"accession_number":"0000314808-23-000113","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2023-08-02T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Valaris secures $364M 850-day drillship contract; backlog rises to $3.04B","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["12-well contract offshore West Africa for VALARIS DS-7 valued at ~$364M; reactivation in Spain.","VALARIS DPS-5 awarded two contracts in U.S. GOM with Occidental and Apache starting Aug/Oct 2023.","Jackup VALARIS 107 contracted in Australia at $150,000/day; follow-on 1-year Esso deal.","Total contract backlog $3.04B as of Aug 1, up from $2.67B in prior report.","Purchase options for DS-14 ($218M) and DS-13 ($119M) expiring year-end 2023."],"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":0.65,"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":286464,"accession_number":"0000314808-23-000112","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2023-08-02T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Valaris Q2 net loss $27M, revenue $415M; increases share repurchase target to $200M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss of $27M vs net income of $49M in Q1 2023; Adjusted EBITDA $15M, down from $29M.","Revenue $415M, down 3% from $430M; floater revenue up 6%, jackup revenue down 15%.","Awarded $180M in new contracts in Q2; post-quarter-end VALARIS DS-7 contract raised backlog to $3.0B.","Increased 2023 share repurchase target from $150M to $200M; $65M repurchased in Q2, $94M YTD.","Revenue efficiency 97%; reactivation costs rose to $44M from $26M in Q1 for DS-8 and DS-17."],"consensus_eps_estimate":null,"consensus_eps_actual":0.23,"consensus_revenue_estimate":null,"consensus_revenue_actual":845300000.0,"consensus_period":"2023-Q2","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":306359,"accession_number":"0000314808-23-000061","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2023-06-07T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Valaris shareholders elect all director nominees and approve advisory votes at 2023 AGM","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All eight director nominees elected with majority support; highest vote count 57.6M for Anton Dibowitz.","Advisory say-on-pay approved with 56.5M votes for, 1.0M against, 0.5M abstain.","Shareholders recommended a one-year frequency for future advisory votes on executive compensation.","KPMG LLP ratified as independent auditor with 62.1M votes for, 1.7M against, 0.5M abstain.","Board determined future say-on-pay votes will be held annually until at least 2029 AGM."],"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":0.1,"calibrated_materiality_score":0.1,"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":306358,"accession_number":"0000314808-23-000044","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2023-05-02T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Valaris secures $500M Petrobras contract for drillship VALARIS DS-8; sells jackup VALARIS 54 for $28.5M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Three-year Petrobras contract for VALARIS DS-8 valued at ~$500M including $30M mobilization fee.","100-day contract with TotalEnergies affiliate for VALARIS DS-12; VALARIS DS-15 option exercised at ~$254K/day.","Two-year extension for VALARIS 92 with Harbour Energy at $95K/day for P&A work; VALARIS 107 gets 70-day, ~$26M contract.","VALARIS Norway receives one-well contract with NEO Energy at $105K/day; sale of VALARIS 54 completed for $28.5M.","Total contract backlog as of May 1, 2023 is $2.8B across drillships, semisubs and 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":0.75,"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":306357,"accession_number":"0000314808-23-000043","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2023-05-02T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Valaris Q1 net income $49M; backlog rises to $2.8B; board expands buyback to $300M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $49M vs $31M Q4 2022; revenue $430M, down 1% QoQ; revenue efficiency 99%.","New contracts/extensions add ~$820M backlog, total contract backlog rises to $2.8B.","April refinancing added $375M revolver, increasing total liquidity by ~$500M to $844M.","Share repurchase authorization increased to $300M; plans to buy back $150M by year-end.","Full-year 2023 guidance unchanged; Q1 results beat prior expectations."],"consensus_eps_estimate":null,"consensus_eps_actual":0.61,"consensus_revenue_estimate":null,"consensus_revenue_actual":430100000.0,"consensus_period":"2023-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":306356,"accession_number":"0001104659-23-047250","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2023-04-19T23:59:59+00:00","items":["1.01","2.03","7.01","9.01"],"status":"ready","headline":"Valaris closes $700M 8.375% second lien notes due 2030; $375M revolver available","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $700M 8.375% Senior Secured Second Lien Notes due 2030; net proceeds ~$685M used to redeem all outstanding 2028 First Lien Notes.","Also closed $375M five-year senior secured revolving credit facility; commitments available immediately.","Notes secured by second-priority liens on vessels, insurance, equity pledges; guaranteed by certain subsidiaries.","Interest payable semi-annually; redemption prices from 104.188% in 2026 to par after 2028.","Proceeds may also be used for share repurchases, acquisitions, and general corporate purposes."],"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":306355,"accession_number":"0001104659-23-042197","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2023-04-05T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Valaris prices $700M 8.375% senior secured second lien notes due 2030, upsized from $600M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$700M aggregate principal of 8.375% Senior Secured Second Lien Notes due 2030, priced at par, upsized from $600M.","Net proceeds of ~$685M to redeem all outstanding Senior Secured First Lien Notes due 2028 and for general corporate purposes.","Also entered into a $375M five-year senior secured revolving credit facility on April 3, 2023, cross-conditioned with the offering.","Closing expected April 19, 2023, subject to customary conditions."],"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":0.75,"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":306354,"accession_number":"0001104659-23-040702","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2023-04-03T23:59:59+00:00","items":["1.01","2.03","8.01","9.01"],"status":"ready","headline":"Valaris announces $600M private placement of senior secured second lien notes due 2030 to redeem $550M first lien notes","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Offering of $600M in senior secured second lien notes due 2030; net proceeds to redeem all $550M outstanding 2028 first lien notes at 104% of principal plus accrued interest.","Redemption date set for May 3, 2023, condition on completion of at least $600M offering; Valaris may waive condition.","Also entered $375M revolving credit facility secured by vessels; availability conditioned on closing of offering and redemption of first lien notes.","Notes offered via private placement under Rule 144A and Regulation S, not registered under Securities Act."],"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":0.75,"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":325515,"accession_number":"0000314808-23-000015","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2023-02-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Valaris Q4 2022 net income $31M, revenue $434M; backlog additions >$400M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $31M (vs $78M Q3); Adjusted EBITDA $54M; revenue $434M, down 1% QoQ.","Revenue efficiency 98% in Q4; new contracts/extensions added >$400M backlog in Q4 and ~$230M in early 2023.","Floater revenue up 5% to $211M; jackup revenue down 7% to $182M; ARO Drilling revenue up 8% to $120M.","Total liquidity $748M at year-end, up from $644M at Q3; capex $54M.","CEO notes reactivation of four floaters on time/budget; advanced discussions for multi-year drillship opportunity."],"consensus_eps_estimate":null,"consensus_eps_actual":2.33,"consensus_revenue_estimate":null,"consensus_revenue_actual":1602500000.0,"consensus_period":"2022-FY","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":325514,"accession_number":"0000314808-23-000014","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2023-02-21T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Valaris reports new contracts and extensions; backlog $2.46B as of Feb 21, 2023","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Shell exercises 330-day option for drillship VALARIS DS-10 at $231,000/day, extending contract to March 2024.","One-year contract for jackup VALARIS 249 offshore Trinidad at $125,000/day; $8.5M mobilization fee.","Eni exercises one-well option for jackup VALARIS 107 at $126,500/day.","ARO Drilling secures five-year bareboat charter for VALARIS 76 (Q1 2024) and three-year for VALARIS 108 (Q3 2023).","Total contract backlog $2.46B; drillships backlog $1.06B, jackups $742M."],"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":0.6,"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":325513,"accession_number":"0000314808-23-000006","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2023-01-27T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Valaris amends support agreement with Famatown on board nomination and standstill extension","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Famatown must notify company by March 6, 2023 whether Gunnar W. Eliassen remains nominee or a replacement is designated.","If Famatown nominates and the nominee is elected at 2023 AGM, standstill extends through 2024 AGM nomination deadline.","If Famatown fails to notify by deadline, no Famatown-nominated director will be proposed and standstill ends at 2023 AGM.","Amendment allows Famatown to replace Eliassen before the 2023 AGM, but appointment delayed until after the meeting.","Agreement previously filed December 9, 2021; amendment effective January 25, 2023."],"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":325512,"accession_number":"0000314808-23-000003","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2023-01-13T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Valaris wins $136M BP contract for drillship DS-12; multiple jackup extensions and new contracts","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Four-well contract with BP offshore Egypt for VALARIS DS-12, estimated value $136M, 320-day duration starting late Q3 2023.","Two-year option exercised by Harbour Energy for jackup VALARIS 120, extending contract through July 2025.","Shell awards 210-day contract for VALARIS 121 in UK North Sea, total value over $25M, starting early Q4 2023.","Three-year contract extensions for VALARIS 147 and 148 with ARO Drilling offshore Saudi Arabia.","Contract backlog stands at $2.39B as of Jan 12, 2023, with $1.39B in 2023 and $786M in 2024."],"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":0.65,"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":343259,"accession_number":"0000314808-22-000131","cik":314808,"company_name":"Valaris Ltd","ticker":"VAL","form_type":"8-K","filed_at":"2022-11-09T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Valaris appoints Catherine J. Hughes as new independent director","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Catherine J. Hughes appointed to Valaris Board effective Nov 9, 2022; term expires at 2023 AGM.","Hughes will serve on the Board's Environmental, Social and Governance Committee.","She is a non-executive director of Shell plc; held senior roles at Nexen, Husky, Schlumberger.","She receives standard non-employee director compensation, pro-rated, plus indemnification agreement.","No material transactions or arrangements with Hughes requiring disclosure."],"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}],"next_cursor":"2022-11-09T23:59:59+00:00|343259"}