{"schema_version":"secwatch.filing_event.v1","accession":"0000314808-25-000072","form_type":"8-K","ticker":"VAL","cik":"0000314808","company_name":"Valaris Ltd","filed_at":"2025-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.919196+00:00","generated_at":"2026-05-23T02:51:10.143420+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Valaris Q1 2025: Net loss $39M (incl. $167M tax charge), Adj. EBITDA $181M, backlog $4.2B","bullets":["Revenue $621M, revenue efficiency 96%; sequential revenue up from $584M in Q4 2024.","Net loss $39M vs Q4 net income $131M due to $167M discrete tax expense from valuation allowance on semisub retirements.","Adjusted EBITDA $181M, up 27% from $142M in Q4 2024, driven by higher floater revenues.","Secured ~$1.0B in new contract backlog; total backlog increased to >$4.2B, up ~20% since Feb fleet report.","Sold semisubs DPS-3/5/6 for recycling; incurred $8M impairment loss; cash and equivalents rose to $454M."],"urls":{"canonical":"https://secwatch.observer/filing/0000314808-25-000072","json":"https://secwatch.observer/filing/0000314808-25-000072.json","markdown":"https://secwatch.observer/filing/0000314808-25-000072.md","text":"https://secwatch.observer/filing/0000314808-25-000072.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/314808/000031480825000072/0000314808-25-000072-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/314808/000031480825000072/val-20250430.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T02:51:10.143420+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"}