secwatch.observer — SEC 8-K summary
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Issuer:     Valaris Ltd (VAL)
CIK:        0000314808
Form:       8-K
Filed at:   2025-02-19T23:59:59+00:00
Accession:  0000314808-25-000025
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Valaris Q4 net income $131M; Adjusted EBITDA $142M; adds $120M backlog; to retire three semisubs
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- Net income $131M, up from $63M in Q3; Adjusted EBITDA $142M, down from $150M sequentially.
- Revenue excl. reimbursables $548M (-9% QoQ); fleet revenue efficiency 96% in Q4, 97% for 2024.
- Generated $125M cash from ops; Free Cash Flow $13M; repurchased $25M of shares in Q4.
- Secured ~$120M backlog including multi-year North Sea jackup contract for VALARIS Stavanger.
- Announced retirement of semisubmersibles DPS-3, DPS-5, DPS-6 and sale of jackup VALARIS 75 for $24M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/314808/000031480825000025/0000314808-25-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/314808/000031480825000025/val-20250219.htm
  HTML page:      https://secwatch.observer/filing/0000314808-25-000025

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