{"schema_version":"secwatch.filing_event.v1","accession":"0000314808-23-000043","form_type":"8-K","ticker":"VAL","cik":"0000314808","company_name":"Valaris Ltd","filed_at":"2023-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.729040+00:00","generated_at":"2026-06-16T03:55:17.017689+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Valaris Q1 net income $49M; backlog rises to $2.8B; board expands buyback to $300M","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."],"urls":{"canonical":"https://secwatch.observer/filing/0000314808-23-000043","json":"https://secwatch.observer/filing/0000314808-23-000043.json","markdown":"https://secwatch.observer/filing/0000314808-23-000043.md","text":"https://secwatch.observer/filing/0000314808-23-000043.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/314808/000031480823000043/0000314808-23-000043-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/314808/000031480823000043/val-20230501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T03:55:17.017689+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":"89f8e7a84a8efc52e6ea4945e357d17406e8a1a5","claim":"Valaris Ltd reported financial results for First Quarter 2023.","evidence_excerpt":"Attached hereto as Exhibit 99.1 and incorporated by reference in its entirety into this Item 2.02 is a copy of the press release dated May 1, 2023 of Valaris Limited announcing its First Quarter 2023 results.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/314808/000031480823000043/0000314808-23-000043-index.htm","confidence":0.75,"family_label":"Earnings Releases","details":[{"label":"Period","value":"First Quarter 2023"},{"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"}