---
schema_version: "secwatch.filing_event.v1"
accession: "0000314808-24-000162"
form_type: "8-K"
ticker: "VAL"
cik: "0000314808"
company_name: "Valaris Ltd"
filed_at: "2024-10-30T23:59:59+00:00"
generated_at: "2026-05-30T08:39:19.867933+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Valaris Q3 net income $63M, revenue $643M; repurchases $100M, adds $168M backlog

## Summary
- 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.

## SEC filing metadata
- accession: 0000314808-24-000162
- form_type: 8-K
- ticker: VAL
- cik: 0000314808
- company_name: Valaris Ltd
- filed_at: 2024-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314808/000031480824000162/0000314808-24-000162-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314808/000031480824000162/val-20241030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000314808-24-000162
- JSON: https://secwatch.observer/filing/0000314808-24-000162.json
- Plain text: https://secwatch.observer/filing/0000314808-24-000162.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.