earnings
confidence high
sentiment neutral
materiality 0.70
Valaris Q3 net income $187M, adjusted EBITDA $163M; secures DS-12 contract with bp
Valaris Ltd
2025-Q3 EPS reported
$3.73
revenue$1,831,600,000
- Net income $187M vs $114M Q2; Adjusted EBITDA $163M vs $201M Q2.
- Total operating revenues $596M, down 3% from Q2's $615M; revenue efficiency 95%.
- Secured 350-day contract for VALARIS DS-12 with bp offshore Egypt; all four active drillships now contracted.
- Sold jackup VALARIS 247 for $108M cash; repurchased $75M of shares in Q3.
- Floaters segment revenues excl. reimbursable fell to $293M from $320M due to two drillships completing contracts.