---
schema_version: "secwatch.filing_event.v1"
accession: "0000314808-26-000138"
form_type: "8-K"
ticker: "VAL"
cik: "0000314808"
company_name: "Valaris Ltd"
filed_at: "2026-08-05T21:00:16+00:00"
generated_at: "2026-08-05T21:02:19.967936+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Valaris Q2 net income $47M, Adj. EBITDA $97M; Middle East conflicts hit $30M

## Summary
- Net income of $47M vs net loss of $18M in Q1 2026; revenue $539M, up 16% QoQ.
- Adjusted EBITDA $97M includes ~$30M negative impact from Middle East conflicts.
- Revenue efficiency 98%; drillships VALARIS DS-12 and DS-10 started new contracts on schedule.
- Added >$160M backlog for North Sea jackups; sold stacked jackups VALARIS 104 and 109 for $74M total.
- Pending merger with Transocean on track to close Q4 2026; no future earnings calls.

## SEC filing metadata
- accession: 0000314808-26-000138
- form_type: 8-K
- ticker: VAL
- cik: 0000314808
- company_name: Valaris Ltd
- filed_at: 2026-08-05T21:00:16+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314808/000031480826000138/0000314808-26-000138-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314808/000031480826000138/val-20260805.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000314808-26-000138
- JSON: https://secwatch.observer/filing/0000314808-26-000138.json
- Plain text: https://secwatch.observer/filing/0000314808-26-000138.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.