{"schema_version":"secwatch.filing_event.v1","accession":"0000314808-23-000112","form_type":"8-K","ticker":"VAL","cik":"0000314808","company_name":"Valaris Ltd","filed_at":"2023-08-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.234623+00:00","generated_at":"2026-06-12T15:11:31.833717+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 Q2 net loss $27M, revenue $415M; increases share repurchase target to $200M","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."],"urls":{"canonical":"https://secwatch.observer/filing/0000314808-23-000112","json":"https://secwatch.observer/filing/0000314808-23-000112.json","markdown":"https://secwatch.observer/filing/0000314808-23-000112.md","text":"https://secwatch.observer/filing/0000314808-23-000112.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/314808/000031480823000112/0000314808-23-000112-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/314808/000031480823000112/val-20230801.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T15:11:31.833717+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":"c89c994a2bb91f2f0e62859d4f569b04a6af087e","claim":"Valaris Ltd reported second quarter 2023 results: revenue $415 million, net income Net loss of $27 million.","evidence_excerpt":"million in the first quarter primarily due to higher reactivation expense. Adjusted EBITDAR increased to $59 million from $55 million in the first quarter. Revenues decreased to $415 million from $430 million in the first quarter 2023. Excluding reimbursable items, revenues decreased to $390 million from $408 million in the first quarter. The decrease was primarily","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/314808/000031480823000112/0000314808-23-000112-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter 2023"},{"label":"Revenue","value":"$415 million"},{"label":"Net income","value":"Net loss of $27 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"}