Recent 8-K filings for VAL

• 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.

• 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.

• 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.

• 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).

Executive changes

Earnings & guidance

Materiality & sentiment trend

Max materiality 0.95 · Median 0.75 · Most common event earnings

10 positive 1 negative 14 neutral

source · VAL on sec.gov