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VAL

Valaris Limited

VAL

Valaris Limited • NYSE
$56.41 ▲ 0.84% (+0.47)
Market Cap $4.00 B
52w High $58.85
52w Low $27.15
Dividend Yield 0%
P/E 10.09
Volume 442.20K
Outstanding Shares 70.98M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $595.7M ▼ $64M ▲ $188.1M ▲ 31.576% ▲ $2.66 ▲ $277.9M ▲
Q2-2025 $615.2M ▼ $55.4M ▼ $115.1M ▲ 18.709% ▲ $1.62 ▲ $200.4M ▲
Q1-2025 $620.7M ▲ $62.7M ▲ $-37.9M ▼ -6.106% ▼ $-0.53 ▼ $181.1M ▲
Q4-2024 $584.4M ▼ $49.9M ▼ $133.7M ▲ 22.878% ▲ $1.88 ▲ $142.8M ▼
Q3-2024 $643.1M $86.1M $64.6M 10.045% $0.89 $151M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $662.7M ▲ $4.638B ▲ $2.187B ▲ $2.451B ▲
Q2-2025 $503.4M ▲ $4.503B ▲ $2.17B ▼ $2.33B ▲
Q1-2025 $441.4M ▲ $4.387B ▼ $2.175B ▼ $2.207B ▼
Q4-2024 $368.2M ▼ $4.42B ▲ $2.175B ▼ $2.239B ▲
Q3-2024 $379.3M $4.333B $2.21B $2.115B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $187.3M ▲ $198.1M ▲ $38.9M ▲ $-77.7M ▼ $159.3M ▲ $128.3M ▲
Q2-2025 $114.2M ▲ $120M ▼ $-57.4M ▲ $-100K ▲ $62.5M ▼ $52.8M ▼
Q1-2025 $-39.2M ▼ $155.9M ▲ $-82.4M ▲ $-300K ▲ $73.2M ▲ $55.7M ▲
Q4-2024 $130.6M ▲ $124.6M ▼ $-109.1M ▼ $-27.2M ▲ $-11.7M ▲ $12.9M ▼
Q3-2024 $62.9M $193M $-81.8M $-129.3M $-18.1M $111.1M

Revenue by Products

Product Q3-2024Q4-2024Q2-2025Q3-2025
ARO
ARO
 $110.00M ▲$140.00M ▲$140.00M ▲$160.00M ▲
Floaters
Floaters
 $390.00M ▲$340.00M ▼$330.00M ▼$300.00M ▼
Jackups
Jackups
 $210.00M ▲$0 ▼$240.00M ▲$240.00M ▲
Other Operating Segment
Other Operating Segment
 $40.00M ▲$40.00M ▲$50.00M ▲$60.00M ▲
Reconciling Items Member
Reconciling Items Member
 $0 ▲$0 ▲$-140.00M ▼$-160.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Valaris’s income statement shows a clear turnaround story. The business moved from large losses a few years ago to consistently positive profit at both the operating and net levels. Revenue has been climbing steadily as offshore activity improves, and underlying profitability from core operations looks much healthier. One caution is that a portion of past earnings appears tied to one‑off items, so the most recent year likely gives a cleaner picture of the company’s true earning power.

Balance Sheet

Balance Sheet The balance sheet looks much cleaner and more resilient than it did before the restructuring period. Asset values were reset and have since been rebuilt, while shareholders’ equity has been steadily rising, suggesting an improving financial foundation. Debt has increased but still appears manageable relative to the size of the business, though it does add some leverage risk in a highly cyclical industry. Cash levels have come down, so liquidity is adequate but not overly cushioned, making continued access to capital and strong contract coverage important.

Cash Flow

Cash Flow Cash flow from day‑to‑day operations has shifted from negative to solidly positive, which is a key sign of a healthier underlying business. However, Valaris has been spending heavily on capital investments in its fleet and growth projects, so free cash flow has remained negative. In practical terms, the business is generating cash but reinvesting more than it brings in, which can support long‑term competitiveness but also increases reliance on external funding or future stronger cash generation. The balance between necessary reinvestment and cash preservation is a central financial tension to watch.

Competitive Edge

Competitive Edge Valaris holds a strong position among offshore drilling contractors, with a large, modern, and technically capable fleet that can work in deepwater, harsh environments, and high‑pressure/high‑temperature fields. Longstanding relationships with major and national oil companies, plus a solid safety and reliability track record, help it win and retain contracts in a small, relationship‑driven market. Its balanced mix of high‑specification floaters and premium jack‑ups, along with niche capabilities in demanding regions, gives it flexibility versus peers that may be more concentrated in one segment. The main vulnerability is exposure to swings in offshore spending, where a small group of well‑capitalized competitors intensely vie for contracts.

Innovation and R&D

Innovation and R&D Innovation at Valaris is focused less on lab-style R&D and more on applied technology in its fleet and operations. The company is deploying advanced automation on the drill floor, AI‑enabled safety systems, and digital monitoring tools to boost efficiency, reduce downtime, and improve crew safety. It is also investing in power management and emissions‑reduction technologies, tying operational savings to environmental goals. Early moves into areas like carbon capture drilling and electrified rigs show a willingness to align with the energy transition, though these are still emerging rather than dominant parts of the business.

Summary

Overall, Valaris has transitioned from a distressed, loss‑making company to a more stable, profitable offshore driller with improving fundamentals. The income statement and balance sheet now reflect a healthier, more sustainable operation, even as heavy capital spending keeps free cash flow under pressure. Competitively, its modern, diversified fleet, strong customer relationships, and operational track record position it well in key deepwater and harsh‑environment regions. The company’s push into digitalization, automation, and lower‑emission operations offers upside potential, but results will remain closely tied to the inherently cyclical nature of offshore oil and gas activity and the company’s ability to balance growth investments with financial discipline.

NEWS

October 29, 2025 · 4:15 PM UTC

Valaris Reports Third Quarter 2025 Results

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October 23, 2025 · 5:07 PM UTC

Valaris Issues Fleet Status Report

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October 13, 2025 · 8:30 AM UTC

Valaris Announces Contract Award for Drillship VALARIS DS-12

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October 8, 2025 · 6:10 PM UTC

Valaris Schedules Third Quarter 2025 Earnings Release and Conference Call

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