{"schema_version":"secwatch.filing_event.v1","accession":"0000314808-26-000025","form_type":"8-K","ticker":"VAL","cik":"0000314808","company_name":"Valaris Ltd","filed_at":"2026-02-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.345112+00:00","generated_at":"2026-05-16T01:52:17.347015+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Valaris Q4 net inc $717M includes $680M tax benefit; adj EBITDA $97M; $900M backlog; Transocean merger","bullets":["Net income $717M (incl $680M tax benefit on deferred tax asset allowance changes); adj EBITDA $97M vs $163M Q3.","Total op rev $537M (ex-reimbursable $502M), down 10% QoQ; revenue efficiency 98%.","Secured $900M new backlog since Q3; total backlog ~$4.7B; all 10 active drillships expected working by 2027.","FY2026 guidance: rev $2,125-2,205M, adj EBITDA $485-565M (excl merger costs), capex $425-475M.","CEO highlights pending all-stock transaction with Transocean announced Feb 9, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0000314808-26-000025","json":"https://secwatch.observer/filing/0000314808-26-000025.json","markdown":"https://secwatch.observer/filing/0000314808-26-000025.md","text":"https://secwatch.observer/filing/0000314808-26-000025.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/314808/000031480826000025/0000314808-26-000025-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/314808/000031480826000025/val-20260219.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T01:52:17.347015+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"}