secwatch.observer — SEC 8-K summary
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Issuer:     Valaris Ltd (VAL)
CIK:        0000314808
Form:       8-K
Filed at:   2026-08-05T21:00:16+00:00
Accession:  0000314808-26-000138
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/314808/000031480826000138/0000314808-26-000138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/314808/000031480826000138/val-20260805.htm
  HTML page:      https://secwatch.observer/filing/0000314808-26-000138

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer