VAL Valaris Ltd

CIK 0000314808 50 ready 8-Ks latest August 5, 2026, 5:01 PM ET RSS · JSON

Activity: NORMAL 2 filings / 30d vs 1 baseline

Ready 8-Ks 50

Latest filing August 5, 2026, 5:01 PM ET

Top materiality 0.95

Event mix other_material ×18 · earnings ×15 · debt ×6

Sentiment 19 pos · 1 neg · 30 neu

Latest earnings reported 2026-Q1

Executive change recent →

Recent 8-K filings for VAL

Highest-materiality recent filing

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

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

Deal valued at ~$5.8B; exchange ratio 15.235 RIG shares per VAL share; combined EV ~$17B.
Pro forma ownership 53% Transocean, 47% Valaris; expected closing H2 2026.

Read filing →

August 5, 2026, 5:01 PM ET other material materiality 0.60 neutral item 7.01 item 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 2.02 item 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.
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 2.02 item 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 7.01 item 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 2.02 item 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 7.01 item 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 1.01 item 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 8.01 item 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 2.02 item 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 7.01 item 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 2.02 item 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 7.01 item 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 2.02 item 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 7.01 item 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 2.02 item 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 7.01 item 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 2.02 item 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 7.01 item 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 2.02 item 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 7.01 item 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 2.02 item 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 7.01 item 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 2.02 item 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 7.01 item 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.
November 7, 2023, 6:59 PM ET earnings materiality 0.75 positive item 2.02 item 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 7.01 item 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 1.01 item 2.03 item 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 8.01 item 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 2, 2023, 7:59 PM ET earnings materiality 0.70 neutral item 2.02 item 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 7.01 item 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.
May 2, 2023, 7:59 PM ET earnings materiality 0.80 positive item 2.02 item 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 7.01 item 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 1.01 item 2.03 item 7.01 item 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 8.01 item 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 1.01 item 2.03 item 8.01 item 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 7.01 item 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 2.02 item 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 13, 2023, 6:59 PM ET other material materiality 0.65 positive item 7.01 item 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.

Executive changes

Departed

James W. Swent III

Director

VAL · Valaris Ltd

Effective: 2024-10-15
Filed: October 17, 2024, 7:59 PM ET

On October 15, 2024, James W. Swent III resigned from the Board of Directors of Valaris Limited.

Departed

Deepak Munganahalli

Director

VAL · Valaris Ltd

Effective: 2024-07-18
Filed: July 19, 2024, 7:59 PM ET

On July 18, 2024, Deepak Munganahalli resigned from the Board of Directors of Valaris Limited (the “Company”).

Appointed

Melissa Barron

principal accounting officer

VAL · Valaris Ltd

Effective: 2024-03-01
Filed: December 15, 2023, 6:59 PM ET

Melissa Barron will assume the role of principal accounting officer effective as of March 1, 2024.

Role change

Colleen Grable

Vice President – Chief Human Resources Officer

VAL · Valaris Ltd

Effective: 2024-03-01
Successor: Melissa Barron
Filed: December 15, 2023, 6:59 PM ET

Ms. Barron will succeed Colleen Grable, who will continue with the Company as Vice President – Chief Human Resources Officer.

Appointed

Darin Gibbins

Vice President - Corporate Finance

VAL · Valaris Ltd

Filed: December 15, 2023, 6:59 PM ET

the Company also announced that one of our named executive officers, Darin Gibbins, will assume the role of Vice President - Corporate Finance.

Appointed

Catherine J. Hughes

Director

VAL · Valaris Ltd

Effective: 2022-11-09
Filed: November 9, 2022, 6:59 PM ET

On November 9, 2022, the Board of Directors (the “Board”) of Valaris Limited (the “Company”) appointed Catherine J. Hughes as a director.

Departed (interim)

Darin Gibbins

Interim Chief Financial Officer

VAL · Valaris Ltd

Effective: 2022-07-22
Successor: Christopher T. Weber
Filed: May 26, 2022, 7:59 PM ET

Effective at the time Mr. Weber joins the company as Senior Vice President and Chief Financial Officer, Darin Gibbins, the Company’s Interim Chief Financial Officer and Vice President – Investor Relations & Treasurer, will step down from his position as Interim Chief Financial Officer of the Company.

Appointed

Christopher T. Weber

Senior Vice President and Chief Financial Officer

VAL · Valaris Ltd

Effective: 2022-07-22
Filed: May 26, 2022, 7:59 PM ET

On May 24, 2022, the Board of Directors (the “Board”) of Valaris Limited (the “Company”) appointed Christopher T. Weber as Senior Vice President and Chief Financial Officer of the Company, effective as of July 22, 2022

Appointed

Anton Dibowitz

President and Chief Executive Officer

VAL · Valaris Ltd

Effective: 2021-12-08
Filed: December 9, 2021, 6:59 PM ET

On December 8, 2021, the Board of Directors (the “Board”) of Valaris Limited (the “Company”) appointed Anton Dibowitz as President and Chief Executive Officer of the Company, effective immediately.

Departed

Thomas Burke

President and Chief Executive Officer

VAL · Valaris Ltd

Effective: 2021-09-02
Successor: Anton Dibowitz
Filed: August 19, 2021, 7:59 PM ET

Mr. Thomas Burke, the Company’s President and Chief Executive Officer, will step down from his position as President and Chief Executive Officer of the Company and as a member of the Board of Directors of the Company

Appointed (interim)

Anton Dibowitz

Interim President and Chief Executive Officer

VAL · Valaris Ltd

Effective: 2021-09-03
Filed: August 19, 2021, 7:59 PM ET

the Board appointed Anton Dibowitz as interim President and Chief Executive Officer of the Company, effective as of September 3, 2021

Departed

Jonathan Baksht

Executive Vice President and Chief Financial Officer

VAL · Valaris Ltd

Effective: 2021-09-02
Successor: Darin Gibbins
Filed: August 19, 2021, 7:59 PM ET

will step down from his role as Chief Financial Officer of the Company

Earnings & guidance

2026-Q1 EPS reported -$0.24 filing →

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