Valaris Ltd reported First Quarter 2026 results: revenue $465 million, net income Net loss of $18 million.
“Total operating revenues of $465 million and a net loss of $18 million”
Valaris Ltd — fact timeline
Source-grounded facts extracted from Valaris Ltd's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Valaris Ltd entered into Business Combination Agreement with Transocean Ltd. valued at Exchange ratio of 15.235 Transocean Shares per Valaris Share; resulting ownership of approximately 5 (effective 2026-02-09).
“On February 9, 2026, Valaris Limited, an exempted company limited by shares incorporated under the laws of Bermuda (“ Valaris ”) and Transocean Ltd., a Swiss corporation (“ Transocean ”) (Transocean and Valaris, collectively, the “ Parties ” and each, a “ Party ”), entered into a Business Combination Agreement (the “ Agreement ”) providing for the combination of the two Parties (the “ Business Combination ”).”
James W. Swent III resigned as Director at Valaris Ltd.
“On October 15, 2024, James W. Swent III resigned from the Board of Directors of Valaris Limited.”
Deepak Munganahalli resigned as Director at Valaris Ltd.
“On July 18, 2024, Deepak Munganahalli resigned from the Board of Directors of Valaris Limited (the “Company”).”
Valaris Ltd reported first quarter 2024 results: revenue $525 million, net income $26 million.
“quarter, partially offset by more operating days for the floater fleet. Adjusted EBITDAR decreased to $84 million from $96 million in the fourth quarter. Revenues increased to $525 million from $484 million in the fourth quarter 2023. Excluding reimbursable items, revenues increased to $491 million from $453 million in the fourth quarter primarily due to VALARIS”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.