{"schema_version":"secwatch.filing_event.v1","accession":"0000314808-24-000121","form_type":"8-K","ticker":"VAL","cik":"0000314808","company_name":"Valaris Ltd","filed_at":"2024-07-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.476406+00:00","generated_at":"2026-05-31T14:34:29.456676+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 Q2 net income $151M vs $26M Q1; backlog tops $4.3B","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."],"urls":{"canonical":"https://secwatch.observer/filing/0000314808-24-000121","json":"https://secwatch.observer/filing/0000314808-24-000121.json","markdown":"https://secwatch.observer/filing/0000314808-24-000121.md","text":"https://secwatch.observer/filing/0000314808-24-000121.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/314808/000031480824000121/0000314808-24-000121-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/314808/000031480824000121/val-20240731.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T14:34:29.456676+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}