{"schema_version":"secwatch.filing_event.v1","accession":"0000314808-26-000097","form_type":"8-K","ticker":"VAL","cik":"0000314808","company_name":"Valaris Ltd","filed_at":"2026-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.551187+00:00","generated_at":"2026-05-15T00:07:28.348987+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Valaris Q1 net loss $18M; backlog hits $4.9B; Transocean deal pending","bullets":["Q1 total operating revenues $465M, net loss of $18M vs. prior quarter net income of $717M.","Adjusted EBITDA of $67M, down from $97M in Q4 2025; revenue efficiency 98%.","Added over $500M contract backlog since Q4; total backlog ~$4.9B, highest in nearly a decade.","All-stock merger with Transocean announced Feb 9, 2026; $14M merger & integration expenses in Q1.","Floater revenues $193M (-25% QoQ); jackup revenues $196M (-6%); ARO revenues $127M (-9%)."],"urls":{"canonical":"https://secwatch.observer/filing/0000314808-26-000097","json":"https://secwatch.observer/filing/0000314808-26-000097.json","markdown":"https://secwatch.observer/filing/0000314808-26-000097.md","text":"https://secwatch.observer/filing/0000314808-26-000097.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/314808/000031480826000097/0000314808-26-000097-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/314808/000031480826000097/val-20260504.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T00:07:28.348987+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":[{"claim_id":"65816f21f62e2b23aaee0d8b5475c6c89b44c620","claim":"Valaris Ltd reported First Quarter 2026 results: revenue $465 million, net income Net loss of $18 million.","evidence_excerpt":"Total operating revenues of $465 million and a net loss of $18 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/314808/000031480826000097/0000314808-26-000097-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"First Quarter 2026"},{"label":"Revenue","value":"$465 million"},{"label":"Net income","value":"Net loss of $18 million"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}