Company research
Valaris Ltd
CIK 314808Updated Sep 27, 2026
SecuritiesVAL · NYSE · equityVAL WS · NYSE · warrant
Historical securities (2)
VALPQ · OTC · equity · closed Apr 27, 2021VAL · NYSE · equity · closed Aug 18, 2020Name history
Valaris plc · through Apr 30, 2021Ensco Rowan plc · through Aug 1, 2019Ensco plc · through Mar 29, 2019Ensco International plc · through Mar 31, 2010ENSCO INTERNATIONAL INC · through Dec 23, 2009ENERGY SERVICE COMPANY INC · through Mar 28, 1995
VAL price & chart
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NYSE:VAL on TradingView ↗About the company
Valaris is an industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin. Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a focus on technology and innovation. Valaris Limited is a Bermuda exempted company limited by shares (Registration No. 56245). To learn more, visit our website at www.valaris.com.
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Recent filings
Show 5 more recent filings
Regulation FD Disclosure
Items 7.01, 9.01
Results of Operations and Financial Condition
Items 2.02, 9.01
4 filing
DEFA14A filing
Other Events
Items 8.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 5,304,800,000Source | 4,419,800,000Source | 4,322,200,000Source | 2,860,300,000Source |
| Property, Plant and Equipment, NetUSD | 2,088,800,000Source | 1,932,900,000Source | 1,633,800,000Source | 977,200,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 599,400,000Source | 368,200,000Source | 620,500,000Source | 724,100,000Source |
| Assets, CurrentUSD | 1,225,300,000Source | 1,078,700,000Source | 1,272,200,000Source | 1,346,200,000Source |
| Operating Lease, Right-of-Use AssetUSD | 69,300,000Source | 84,500,000Source | 74,600,000Source | 21,000,000Source |
| Other Assets, NoncurrentUSD | 159,700,000Source | 149,100,000Source | 154,400,000Source | 171,800,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 2,133,100,000Source | 2,175,500,000Source | 2,325,200,000Source | — |
| Stockholders’ equity: | ||||
| Additional Paid in CapitalUSD | 1,134,900,000Source | 1,113,300,000Source | 1,119,800,000Source | 1,097,900,000Source |
| Retained Earnings (Accumulated Deficit)USD | 2,381,700,000Source | 1,398,900,000Source | 1,025,500,000Source | 160,100,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 60,900,000Source | 34,200,000Source | 25,200,000Source | 14,700,000Source |
| Stockholders' Equity Attributable to ParentUSD | 3,169,600,000Source | 2,238,500,000Source | 1,987,600,000Source | 1,289,900,000Source |
| Liabilities and EquityUSD | 5,304,800,000Source | 4,419,800,000Source | 4,322,200,000Source | 2,860,300,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 691,600,000Source | 679,500,000Source | 744,300,000Source | 504,400,000Source |
| Operating Lease, Liability, CurrentUSD | 35,600,000Source | 28,000,000Source | 27,200,000Source | 9,400,000Source |
| Accounts Payable, CurrentUSD | 348,200,000Source | 328,500,000Source | 400,100,000Source | 256,500,000Source |
| Operating Lease, Liability, NoncurrentUSD | 37,300,000Source | 56,900,000Source | 48,900,000Source | 13,800,000Source |
| Deferred Income Tax Liabilities, NetUSD | 29,700,000Source | 30,100,000Source | 29,900,000Source | — |
| Other Liabilities, NoncurrentUSD | 325,800,000Source | 383,200,000Source | 471,700,000Source | 515,600,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 2,100,000Source | 5,800,000Source | 9,400,000Source | 8,000,000Source |
| Additional Financial Items | ||||
| Deferred Revenue, CurrentUSD | — | — | — | 78,000,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 1,086,000,000Source | 1,082,700,000Source | 1,079,300,000Source | 542,400,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 979,100,000Source | 369,800,000Source | 866,800,000Source | 181,800,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 25,200,000Source | 27,700,000Source | 27,300,000Source | 17,400,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -119,200,000Source | 64,900,000Source | -44,900,000Source | 6,900,000Source |
| Deferred Income Tax Expense (Benefit)USD | -515,100,000Source | 5,800,000Source | -786,400,000Source | 7,900,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 546,200,000Source | 355,400,000Source | 267,500,000Source | 127,500,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -205,600,000Source | -452,300,000Source | -665,800,000Source | -16,700,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 343,500,000Source | 455,100,000Source | 696,100,000Source | 207,000,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 3,600,000Source | 29,900,000Source | 5,400,000Source | 2,500,000Source |
| Payments for Repurchase of Common StockUSD | 100,000,000Source | 126,400,000Source | 198,600,000Source | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -103,600,000Source | -158,300,000Source | 285,500,000Source | -6,400,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | 0Source | -1,200,000Source | -3,100,000Source | 0Source |
| Repayments of Long-term DebtUSD | 0Source | 0Source | 571,800,000Source | 0Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 237,000,000Source | -255,200,000Source | -112,800,000Source | 103,900,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 617,500,000Source | 380,500,000Source | 635,700,000Source | 748,500,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 90,500,000Source | 78,300,000Source | 32,300,000Source | 44,200,000Source |
| Income Taxes Paid, NetUSD | 61,500,000Source | 55,600,000Source | -8,300,000Source | 5,600,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | -500,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 7,700,000Source | 10,600,000Source | 11,700,000Source | 6,700,000Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | — | 0Source | 0Source | 400,000Source |
| DepreciationUSD | 146,300,000Source | 122,100,000Source | 101,100,000Source | 91,200,000Source |
| Depreciation, NonproductionUSD | 146,300,000Source | 122,100,000Source | 101,100,000Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -14,300,000Source | 13,800,000Source | -3,500,000Source | 12,200,000Source |
| Gain (Loss) on Disposition of AssetsUSD | 118,600,000Source | -200,000Source | 28,600,000Source | 141,200,000Source |
| Gain (Loss) on Sale of PropertiesUSD | 118,600,000Source | -200,000Source | 28,600,000Source | 141,200,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | 0Source | 0Source | -29,200,000Source | 0Source |
| General and Administrative ExpenseUSD | 97,100,000Source | 116,300,000Source | 99,300,000Source | 80,900,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | 8,400,000Source | -11,000,000Source | 13,300,000Source | 24,500,000Source |
| Income Tax Expense (Benefit)USD | -426,800,000Source | 400,000Source | -782,600,000Source | 43,100,000Source |
| Net Income (Loss) Attributable to ParentUSD | 982,800,000Source | 373,400,000Source | 865,400,000Source | 176,500,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -3,700,000Source | -3,600,000Source | 1,400,000Source | 5,300,000Source |
| Nonoperating Income (Expense)USD | 75,300,000Source | 17,900,000Source | 30,700,000Source | 187,700,000Source |
| Operating ExpensesUSD | — | — | — | 1,383,200,000Source |
| Other Interest and Dividend IncomeUSD | 70,800,000Source | 86,100,000Source | 101,400,000Source | 65,500,000Source |
| Other Nonoperating Income (Expense)USD | 103,300,000Source | 16,600,000Source | -1,800,000Source | 169,900,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 2,369,000,000Source | 2,362,600,000Source | 1,784,200,000Source | 1,602,500,000Source |
| Cost of RevenueUSD | 1,629,700,000Source | 1,760,900,000Source | 1,543,600,000Source | — |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Operating Income (Loss)USD | 477,000,000Source | 352,300,000Source | 53,500,000Source | 37,200,000Source |
| Other Nonoperating Income (Expense)USD | 103,300,000Source | 16,600,000Source | -1,800,000Source | 169,900,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 552,300,000Source | 370,200,000Source | 84,200,000Source | 224,900,000Source |
| Income Tax Expense (Benefit)USD | -426,800,000Source | 400,000Source | -782,600,000Source | 43,100,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -3,700,000Source | -3,600,000Source | 1,400,000Source | 5,300,000Source |
| Net Income (Loss) Attributable to ParentUSD | 982,800,000Source | 373,400,000Source | 865,400,000Source | 176,500,000Source |
| Earnings Per Share, BasicUSD per share | 13.92Source | 5.18Source | 11.68Source | 2.35Source |
| Earnings Per Share, DilutedUSD per share | 13.86Source | 5.12Source | 11.51Source | 2.33Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 70,600,000Source | 72,100,000Source | 74,100,000Source | 75,100,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 70,900,000Source | 72,900,000Source | 75,200,000Source | 75,600,000Source |
| Additional Financial Items | ||||
| Cost of Property Repairs and MaintenanceUSD | 236,200,000Source | 239,600,000Source | 203,300,000Source | 175,200,000Source |
| Costs and ExpensesUSD | 1,900,400,000Source | 1,999,300,000Source | 1,744,000,000Source | 1,589,800,000Source |
| Current Income Tax Expense (Benefit)USD | 88,300,000Source | -5,400,000Source | 3,800,000Source | 35,200,000Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | — | 0Source | 0Source | 400,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -14,300,000Source | 13,800,000Source | -3,500,000Source | 12,200,000Source |
| General and Administrative ExpenseUSD | 97,100,000Source | 116,300,000Source | 99,300,000Source | 80,900,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -107,400,000Source | 49,800,000Source | 30,700,000Source | 39,700,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | 8,400,000Source | -11,000,000Source | 13,300,000Source | 24,500,000Source |
| Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost ComponentUSD | 900,000Source | -2,400,000Source | -900,000Source | -16,400,000Source |
| Nonoperating Income (Expense)USD | 75,300,000Source | 17,900,000Source | 30,700,000Source | 187,700,000Source |
| Operating ExpensesUSD | — | — | — | 1,383,200,000Source |
| Other Interest and Dividend IncomeUSD | 70,800,000Source | 86,100,000Source | 101,400,000Source | 65,500,000Source |
| Other Operating IncomeUSD | — | — | — | 0Source |
Filing attachments
ef20065172_ex99-1.htm · 8-K · 2026-02-09
EX-99.1 2 ef20065172_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Transocean to Acquire Valaris Creates the world’s highest-quality, highest-specification offshore drilling fleet Companies to host conference call today at 8 a.m. CT / 9 a.m. ET STEINHAUSEN, Switzerland and HAMILTON, Bermuda, Feb. 9, 2026 (GLOBE NEWSWIRE) -Transocean Ltd (NYSE: RIG) and Valaris Limited (NYSE: VAL) today announced the signing of a definitive agreement to combine the two companies under which Transocean will acquire…
Read attachment ↗ef20065172_ex99-2.htm · 8-K · 2026-02-09
EX-99.2 3 ef20065172_ex99-2.htm EXHIBIT 99.2 Exhibit 99.2 Stronger Together TRANSOCEAN TO ACQUIRE VALARIS February 9, 2026 Meets growing demand with the world's highest-specification, diversified offshore fleet Proven, high-performing teams in the most technically challenging environments Enhances our capability to innovate and deploy leading technology Improved performance for customers through increased financial strength Provides enhanced exposure to anticipated offshore drilling upcyc…
Read attachment ↗