Valaris Q2 net income $114M, adjusted EBITDA $201M beats guidance

Valaris Ltd

2025-Q2 EPS reported $1.08 revenue$1,235,900,000

Net income $114M vs net loss $39M in Q1; revenue $615M, revenue efficiency 96%.
Adjusted EBITDA $201M, above guidance of $140-160M; included $24M arbitration benefit.
Secured over $1.0B new contract backlog; total backlog ~$4.7B; three 7th-gen drillship awards.
Agreed to sell jackup VALARIS 247 for ~$108M cash; cash and restricted cash $516M.
Floater revenues ex-reimbursable $320M; Jackup $212M; ARO Drilling $140M.

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