Recent 8-K filings for VAL

• August 5, 2026, 5:01 PM ET other material materiality 0.60 neutral item 7.01item 9.01

  Valaris reports $4.6B backlog, new contracts >$160M, sells two stacked jackups for $74M

  New contracts and extensions add >$160M to backlog; total backlog $4.6B as of Aug 5, 2026.

• August 5, 2026, 5:00 PM ET earnings materiality 0.75 neutral item 2.02item 9.01

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

  Net income of $47M vs net loss of $18M in Q1 2026; revenue $539M, up 16% QoQ.

• July 1, 2026, 9:00 AM ET M&A materiality 0.70 neutral item 8.01

  Valaris and Transocean clear CFIUS; DOJ second request extends timeline

  CFIUS clearance received June 29, 2026; condition satisfied for merger.

• June 10, 2026, 5:00 PM ET other material materiality 0.15 neutral item 5.07 ◈ Shareholder Votes ×3

  Valaris shareholders re-elect all director nominees, approve executive compensation and auditor

  All six director nominees elected with majority support; Elizabeth Leykum received 56.6M votes for.

• May 5, 2026, 7:59 PM ET regulatory materiality 0.65 neutral item 8.01

  Valaris & Transocean receive DOJ Second Request, extending HSR review waiting period

  On May 4, 2026, Valaris and Transocean received a Second Request from the DOJ under the HSR Act.

• May 4, 2026, 7:59 PM ET earnings materiality 0.80 neutral item 2.02item 9.01 ◈ Earnings Releases

  Valaris Q1 net loss $18M; backlog hits $4.9B; Transocean deal pending

  Q1 total operating revenues $465M, net loss of $18M vs. prior quarter net income of $717M.

• May 4, 2026, 7:59 PM ET other material materiality 0.75 positive item 7.01item 9.01

  Valaris adds $560M in new contracts; backlog rises to $4.9B

  VALARIS DS-4 extension with Petrobras adds $447M; day rate adjustment reduces existing backlog by $21M.

• February 19, 2026, 6:59 PM ET earnings materiality 0.85 positive item 2.02item 9.01

  Valaris Q4 net inc $717M includes $680M tax benefit; adj EBITDA $97M; $900M backlog; Transocean merger

  Net income $717M (incl $680M tax benefit on deferred tax asset allowance changes); adj EBITDA $97M vs $163M Q3.

• February 17, 2026, 6:59 PM ET other material materiality 0.75 positive item 7.01item 9.01

  Valaris adds ~$900M in new contracts; backlog rises to $4.7B

  New contracts and extensions added ~$900M to backlog, raising total to ~$4.7B from ~$4.5B.

• February 10, 2026, 6:59 PM ET M&A materiality 0.90 neutral item 1.01item 9.01 ◈ Material Agreements

  Valaris to be acquired by Transocean at exchange ratio of 15.235; combined ownership 53% Transocean / 47% Valaris

  Transocean will acquire all Valaris shares; each Valaris share exchanged for 15.235 Transocean shares.

• February 9, 2026, 6:59 PM ET M&A materiality 0.95 positive item 8.01item 9.01

  Transocean to acquire Valaris in all-stock deal valued at ~$5.8B; combined fleet of 73 rigs

  Deal valued at ~$5.8B; exchange ratio 15.235 RIG shares per VAL share; combined EV ~$17B.

• October 29, 2025, 7:59 PM ET earnings materiality 0.70 neutral item 2.02item 9.01

  Valaris Q3 net income $187M, adjusted EBITDA $163M; secures DS-12 contract with bp

  Net income $187M vs $114M Q2; Adjusted EBITDA $163M vs $201M Q2.

• October 23, 2025, 7:59 PM ET other material materiality 0.70 positive item 7.01item 9.01

  Valaris secures ~$190M in new contracts; backlog $4.5B; sells jackup for $108M

  Five-well floater contract with BP for VALARIS DS-12 in Egypt, TCV ~$140M, starts Q2 2026.

• July 30, 2025, 7:59 PM ET earnings materiality 0.80 positive item 2.02item 9.01

  Valaris Q2 net income $114M, adjusted EBITDA $201M beats guidance

  Net income $114M vs net loss $39M in Q1; revenue $615M, revenue efficiency 96%.

• July 24, 2025, 7:59 PM ET other material materiality 0.70 positive item 7.01item 9.01

  Valaris adds >$1B in new contracts; backlog rises to $4.7B; selling jackup for $108M

  New contracts and extensions add over $1.0B to backlog since April 30; total backlog reaches ~$4.7B.

• June 13, 2025, 7:59 PM ET other materiality 0.15 neutral item 5.07

  Valaris shareholders elect all directors, approve say-on-pay, ratify KPMG at 2025 AGM

  All six director nominees elected; Kristian Johansen received 43.99M For votes (91.1% of votes cast).

• April 30, 2025, 7:59 PM ET earnings materiality 0.75 neutral item 2.02item 9.01

  Valaris Q1 2025: Net loss $39M (incl. $167M tax charge), Adj. EBITDA $181M, backlog $4.2B

  Revenue $621M, revenue efficiency 96%; sequential revenue up from $584M in Q4 2024.

• April 30, 2025, 7:59 PM ET other material materiality 0.75 positive item 7.01item 9.01

  Valaris adds ~$1.0B in new contracts; backlog rises to $4.2B as of April 30, 2025

  Two-year contract for VALARIS DS-10 offshore West Africa with firm TCV of $352M; expected start late Q2/Q3 2026.

• February 19, 2025, 6:59 PM ET earnings materiality 0.75 neutral item 2.02item 9.01

  Valaris Q4 net income $131M; Adjusted EBITDA $142M; adds $120M backlog; to retire three semisubs

  Net income $131M, up from $63M in Q3; Adjusted EBITDA $142M, down from $150M sequentially.

• February 18, 2025, 6:59 PM ET other material materiality 0.65 negative item 7.01item 9.01

  Valaris backlog drops to $3.6B; new awards add ~$120M; retires three rigs, sells jackup for $24M

  Contract backlog fell to $3.6B from $4.1B as of Oct 30, 2024.

• October 30, 2024, 7:59 PM ET earnings materiality 0.75 neutral item 2.02item 9.01

  Valaris Q3 net income $63M, revenue $643M; repurchases $100M, adds $168M backlog

  Net income fell to $63M from $151M in Q2, driven by $24M tax expense vs $30M benefit.

• October 30, 2024, 7:59 PM ET other material materiality 0.60 neutral item 7.01item 9.01

  Valaris Limited reports $257M in new contracts and backlog drops to $4.1B

  New contracts and extensions added approximately $257 million to backlog since July 2024.

• October 17, 2024, 7:59 PM ET leadership materiality 0.30 neutral item 5.02 ◈ executive_change

  Director James W. Swent III resigns from Valaris Board; Catherine Hughes appointed committee chair

  James W. Swent III resigned from the Board on October 15, 2024.

• July 31, 2024, 7:59 PM ET earnings materiality 0.80 positive item 2.02item 9.01

  Valaris Q2 net income $151M vs $26M Q1; backlog tops $4.3B

  Net income of $151M vs $26M in Q1; Adjusted EBITDA $139M vs $54M Q1.

• July 30, 2024, 7:59 PM ET other material materiality 0.80 neutral item 7.01item 9.01

  Valaris awards $715M in new contracts; backlog rises to $4.3B; Saudi suspensions for 2 rigs

  New contracts and extensions since Apr 30 increase backlog to ~$4.3B from ~$4.0B; new contract backlog of ~$715M.

• July 19, 2024, 7:59 PM ET leadership materiality 0.25 neutral item 5.02 ◈ executive_change

  Valaris board member Deepak Munganahalli resigns effective July 18, 2024

  Deepak Munganahalli resigned from Valaris Board of Directors on July 18, 2024 for personal reasons.

• June 17, 2024, 7:59 PM ET other materiality 0.15 neutral item 5.07

  Valaris shareholders elect all director nominees; say-on-pay and KPMG ratified

  All 8 director nominees elected; James Swent III received ~51M for (~7M against), others received 57-58M for.

• May 2, 2024, 7:59 PM ET earnings materiality 0.80 positive item 2.02item 9.01 ◈ Earnings Releases

  Valaris Q1 net income $26M, revenue $525M; contract backlog tops $4.0B, up 43% YoY

  Net income $26M, revenue $525M (up 9% QoQ); fleetwide revenue efficiency 97%.

• May 1, 2024, 7:59 PM ET other material materiality 0.60 neutral item 7.01item 9.01

  Valaris reports $480M in new contracts, backlog rises to $4.0B, but two rig contracts suspended

  New contract awards and extensions add ~$480M to backlog; total backlog $4.0B (up from $3.9B in Feb).

• February 22, 2024, 6:59 PM ET earnings materiality 0.80 positive item 2.02item 9.01 ◈ Earnings Releases

  Valaris reports Q4 2023 net income of $829M, including $790M tax benefit; backlog $3.9B

  Net income $828.5M (includes $790M tax benefit); adjusted EBITDA $57.5M vs $40M in Q3 2023.

• February 16, 2024, 6:59 PM ET other material materiality 0.75 positive item 7.01item 9.01

  Valaris reports $1.2B new contracts; backlog rises to $3.9B from $3.2B

  VALARIS DS-4 awarded 1,064-day, ~$519M contract with Petrobras (Brazil); starts late Q4 2024 after ~90 days of upgrades.

• December 15, 2023, 6:59 PM ET leadership materiality 0.45 neutral item 5.02 ◈ executive_change ×3

  Valaris appoints Melissa Barron as principal accounting officer effective March 1, 2024

  Barron succeeds Colleen Grable, who remains as VP – Chief Human Resources Officer.

• November 7, 2023, 6:59 PM ET earnings materiality 0.75 positive item 2.02item 9.01 ◈ Earnings Releases

  Valaris Q3 net income $17M vs loss; revenue up 10%; $465M new contract backlog

  Net income $17M (Q2 net loss $27M); adjusted EBITDA $40M (Q2 $15M).

• November 1, 2023, 7:59 PM ET other material materiality 0.70 positive item 7.01item 9.01

  Valaris adds ~$480M in contract backlog; total backlog rises to $3.2B

  Total backlog grew to $3.2B from $3.0B as of August 2023, driven by new awards and extensions.

• August 21, 2023, 7:59 PM ET debt materiality 0.65 neutral item 1.01item 2.03item 9.01 ◈ Debt Financings

  Valaris issues $400M of 8.375% Senior Secured Second Lien Notes due 2030 to fund drillship purchases

  Issued $400M aggregate principal of 8.375% Senior Secured Second Lien Notes at 100.75% of par, net proceeds ~$396M.

• August 8, 2023, 7:59 PM ET debt materiality 0.70 neutral item 8.01item 9.01

  Valaris prices $400M upsized 8.375% senior secured notes due 2030 for drillship purchases

  Issued $400M in additional 8.375% Senior Secured Second Lien Notes due 2030 at 100.75% of par.

• August 7, 2023, 7:59 PM ET debt materiality 0.50 neutral item 8.01item 9.01

  Valaris plans $350M add-on of 8.375% notes to fund drillship purchases

  Issuers will offer $350M additional 8.375% Senior Secured Second Lien Notes due 2030.

• August 2, 2023, 7:59 PM ET earnings materiality 0.70 neutral item 2.02item 9.01 ◈ Earnings Releases

  Valaris Q2 net loss $27M, revenue $415M; increases share repurchase target to $200M

  Net loss of $27M vs net income of $49M in Q1 2023; Adjusted EBITDA $15M, down from $29M.

• August 2, 2023, 7:59 PM ET other material materiality 0.65 positive item 7.01item 9.01

  Valaris secures $364M 850-day drillship contract; backlog rises to $3.04B

  12-well contract offshore West Africa for VALARIS DS-7 valued at ~$364M; reactivation in Spain.

• June 7, 2023, 7:59 PM ET other materiality 0.10 neutral item 5.07 ◈ Shareholder Votes ×4

  Valaris shareholders elect all director nominees and approve advisory votes at 2023 AGM

  All eight director nominees elected with majority support; highest vote count 57.6M for Anton Dibowitz.

• May 2, 2023, 7:59 PM ET earnings materiality 0.80 positive item 2.02item 9.01 ◈ Earnings Releases

  Valaris Q1 net income $49M; backlog rises to $2.8B; board expands buyback to $300M

  Net income $49M vs $31M Q4 2022; revenue $430M, down 1% QoQ; revenue efficiency 99%.

• May 2, 2023, 7:59 PM ET other material materiality 0.75 positive item 7.01item 9.01

  Valaris secures $500M Petrobras contract for drillship VALARIS DS-8; sells jackup VALARIS 54 for $28.5M

  Three-year Petrobras contract for VALARIS DS-8 valued at ~$500M including $30M mobilization fee.

• April 19, 2023, 7:59 PM ET debt materiality 0.65 neutral item 1.01item 2.03item 7.01item 9.01 ◈ Debt Financings◈ Material Agreements

  Valaris closes $700M 8.375% second lien notes due 2030; $375M revolver available

  Issued $700M 8.375% Senior Secured Second Lien Notes due 2030; net proceeds ~$685M used to redeem all outstanding 2028 First Lien Notes.

• April 5, 2023, 7:59 PM ET debt materiality 0.75 neutral item 8.01item 9.01

  Valaris prices $700M 8.375% senior secured second lien notes due 2030, upsized from $600M

  $700M aggregate principal of 8.375% Senior Secured Second Lien Notes due 2030, priced at par, upsized from $600M.

• April 3, 2023, 7:59 PM ET debt materiality 0.75 neutral item 1.01item 2.03item 8.01item 9.01 ◈ Material Agreements

  Valaris announces $600M private placement of senior secured second lien notes due 2030 to redeem $550M first lien notes

  Offering of $600M in senior secured second lien notes due 2030; net proceeds to redeem all $550M outstanding 2028 first lien notes at 104% of principal plus accrued interest.

• February 21, 2023, 6:59 PM ET other material materiality 0.60 positive item 7.01item 9.01

  Valaris reports new contracts and extensions; backlog $2.46B as of Feb 21, 2023

  Shell exercises 330-day option for drillship VALARIS DS-10 at $231,000/day, extending contract to March 2024.

• February 21, 2023, 6:59 PM ET earnings materiality 0.70 neutral item 2.02item 9.01 ◈ Earnings Releases

  Valaris Q4 2022 net income $31M, revenue $434M; backlog additions >$400M

  Net income $31M (vs $78M Q3); Adjusted EBITDA $54M; revenue $434M, down 1% QoQ.

• January 27, 2023, 6:59 PM ET other material materiality 0.30 neutral item 1.01item 9.01 ◈ Material Agreements

  Valaris amends support agreement with Famatown on board nomination and standstill extension

  Famatown must notify company by March 6, 2023 whether Gunnar W. Eliassen remains nominee or a replacement is designated.

• January 13, 2023, 6:59 PM ET other material materiality 0.65 positive item 7.01item 9.01

  Valaris wins $136M BP contract for drillship DS-12; multiple jackup extensions and new contracts

  Four-well contract with BP offshore Egypt for VALARIS DS-12, estimated value $136M, 320-day duration starting late Q3 2023.

• November 9, 2022, 6:59 PM ET leadership materiality 0.30 neutral item 5.02 ◈ executive_change

  Valaris appoints Catherine J. Hughes as new independent director

  Catherine J. Hughes appointed to Valaris Board effective Nov 9, 2022; term expires at 2023 AGM.

Executive changes

Earnings & guidance

Materiality & sentiment trend

Max materiality 0.95 · Median 0.70 · Most common event other_material

19 positive 1 negative 30 neutral

source · VAL on sec.gov