{"schema_version":"secwatch.filing_event.v1","accession":"0000314808-23-000015","form_type":"8-K","ticker":"VAL","cik":"0000314808","company_name":"Valaris Ltd","filed_at":"2023-02-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.590264+00:00","generated_at":"2026-06-19T07:23:04.918191+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Valaris Q4 2022 net income $31M, revenue $434M; backlog additions >$400M","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."],"urls":{"canonical":"https://secwatch.observer/filing/0000314808-23-000015","json":"https://secwatch.observer/filing/0000314808-23-000015.json","markdown":"https://secwatch.observer/filing/0000314808-23-000015.md","text":"https://secwatch.observer/filing/0000314808-23-000015.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/314808/000031480823000015/0000314808-23-000015-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/314808/000031480823000015/val-20230221.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T07:23:04.918191+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"14761620e0835cdc8615403d8f12af0c41a55837","claim":"Valaris Ltd reported the fourth quarter 2022 results: revenue $434 million, net income $31 million.","evidence_excerpt":"EBITDA decreased to $54 million from $76 million in the third quarter. Adjusted EBITDAR decreased to $75 million from $94 million in the third quarter. Revenues decreased to $434 million from $437 million in the third quarter 2022. Excluding reimbursable items, revenues decreased to $413 million from $416 million in the third quarter primarily due to lower","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/314808/000031480823000015/0000314808-23-000015-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter 2022"},{"label":"Revenue","value":"$434 million"},{"label":"Net income","value":"$31 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}