Valaris Ltd

Valaris Ltd. engages in drilling of oil and gas wells. It provides offshore drilling services across all water depths and geographies. The firm operates rig fleet of ultra-deepwater drillships, versatile semisubmersibles and shallow-water jackups. The company was founded in 1975 and is headquartered in Hamilton, Bermuda.

Earnings data Q1 2023

Earnings data Q2 2023

Valaris Ltd. engages in the provision of offshore contract drilling services to the international oil and gas industry. It operates through the following segments: Floaters, Jackups, ARO, and Other. The Floaters segment includes drillships and semisubmersible rigs. The Other segment is involved in management services on rigs owned by third-parties and the activities associated with arrangements with ARO under the bareboat charter arrangements. The company was founded in 1975 and is headquartered in Hamilton, Bermuda.

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The offshore drilling industry was destroyed by the COVID crisis, with many companies like Valaris (NYSE: VAL) going bankrupt due to low oil prices. But the industry is rebounding, and drilling companies are receiving top dollar to rent their rigs.

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HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today new contracts awarded subsequent to issuing the Company's most recent fleet status report on February 21, 2023. Three-year contract with Petrobras for drillship VALARIS DS-8. The rig will be reactivated for this contract. The total contract value is approximately $500 million, including a $30 million mobilization fee.

Valaris Announces Contract Awards and Updated Guidance

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today that Senior Vice President and Chief Financial Officer Chris Weber will attend the J.P. Morgan Global High Yield & Leveraged Finance Conference on Tuesday, March 7, 2023, and President and Chief Executive Officer Anton Dibowitz will attend the DNB Energy Conference on Wednesday, March 8, 2023.

Valaris to Attend Investor Conferences

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Valaris Limited (NYSE:VAL ) Q4 2022 Earnings Conference Call February 21, 2023 10:00 AM ET Company Participants Darin Gibbins - Vice President of Investor Relations & Treasurer Anton Dibowitz - President & Chief Executive Officer Chris Weber - Senior Vice President & Chief Financial Officer Matt Lyne - SVP and Chief Commercial Officer Conference Call Participants Greg Lewis - BTIG David Smith - Pickering Energy Advisors Fredrik Stene - Clarksons Platou Securities Eddie Kim - Barclays Kurt Hallead - Benchmark Operator Good day and welcome to the Valaris Fourth Quarter 2022 Results Conference Call. All participants will be in listen-only mode.

Valaris Limited (VAL) Q4 2022 Earnings Call Transcript

HAMILTON , Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) today issued a Fleet Status Report that provides the current status of the Company's fleet of offshore drilling rigs along with certain contract information for these assets. The Fleet Status Report can be found on the “Investors” section of the Company's website www.valaris.com.

Valaris Provides Fleet Status Report

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today reported fourth quarter 2022 results. President and Chief Executive Officer Anton Dibowitz said, “I would like to thank the entire Valaris team for continuing to deliver excellent operational performance, achieving revenue efficiency of 98% during the fourth quarter.

Valaris Reports Fourth Quarter 2022 Results

Valaris Limited is a leading offshore drilling company whose stock price soared by 70% over the past year. It has a cheap forward-looking valuation; earnings per share are expected to grow from $3.38 in 2023 to $14.22 in 2025.

Is Valaris Limited A Smart Buy As The Offshore Drilling Industry Booms?

HAMILTON, Bermuda--( BUSINESS WIRE )--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") will hold its fourth quarter 2022 earnings conference call at 9:00 a.m. CDT (10:00 a.m. EDT) on Tuesday, February 21, 2023. The earnings release will be issued before the New York Stock Exchange opens that morning.

Valaris Schedules Fourth Quarter 2022 Earnings Release and Conference Call

HAMILTON, Bermuda--( BUSINESS WIRE )--Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today that Senior Vice President and Chief Financial Officer Chris Weber will present at Fearnley Securities' Offshore Drilling Seminar in New York City on Wednesday, January 11, 2023, beginning at 9:40 am ET.

Valaris to Present at Fearnley Securities' Offshore Drilling Seminar

HAMILTON, Bermuda--( BUSINESS WIRE )--Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today new contracts and contract extensions, with expected associated contract backlog to Valaris of approximately $275 million, awarded subsequent to issuing the Company's most recent fleet status report on October 31, 2022. Contract backlog excludes lump sum payments such as mobilization fees and capital reimbursements.

Valaris Announces Contract Awards and Fleet Status Updates

HAMILTON, Bermuda--( BUSINESS WIRE )--Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today that it has issued its 2021 Sustainability Report. The Sustainability Report can be found on the "Safety & Environment ‒ Sustainability" page of the Valaris website at www.valaris.com.

Valaris Publishes Sustainability Report

HAMILTON, Bermuda--( BUSINESS WIRE )--Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today that drillship VALARIS DS-12 has been awarded a four-well contract with BP offshore Egypt. The contract is expected to commence late in the third quarter or early in the fourth quarter 2023 and has an estimated duration of 320 days. The estimated total contract value, inclusive of a mobilization fee, is $136.4 million.

Valaris Announces Contract Award for Drillship VALARIS DS-12

HAMILTON, Bermuda--( BUSINESS WIRE )--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today announced that President and Chief Executive Officer Anton Dibowitz will present at the BofA Securities Global Energy Conference on Wednesday, November 16, 2022, beginning at 8:45 am ET.

Valaris to Present at the BofA Securities Global Energy Conference

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) today announced that Catherine J.

Valaris Announces Appointment of Catherine J. Hughes to its Board of Directors

Following better-than-expected Q3 results, shares advanced to new 52-week highs but reversed course after some cautious remarks on Tuesday's conference call. Management reduced full-year profitability expectations for the second time in a row and provided some guarded commentary regarding near-term prospects in the North Sea jackup market.

Valaris: Shares Tumble After Disappointing Conference Call

Valaris Limited (NYSE:VAL ) Q3 2022 Results Conference Call November 1, 2022 10:00 AM ET Company Participants Darin Gibbins - Vice President of Investor Relations & Treasurer Anton Dibowitz - President & Chief Executive Officer Chris Weber - Senior Vice President & Chief Financial Officer Conference Call Participants Greg Lewis - BTIG Fredrik Stene - Clarksons Platou Securities David Smith - Pickering Energy Partners Samantha Ho - Evercore ISI Operator Good day and welcome to the Valaris Third Quarter 2022 Earnings Call. All participants will be in a listen-only mode.

Valaris Limited (VAL) Q3 2022 Earnings Call Transcript

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today reported third quarter 2022 results.

Valaris Reports Third Quarter 2022 Results

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) today issued a quarterly Fleet Status Report that provides the current status of the Company's fleet of offshore drilling rigs along with certain contract information for these assets.

Valaris Provides Quarterly Fleet Status Report

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") will hold its third quarter 2022 earnings conference call at 9:00 a.m.

Valaris Schedules Third Quarter 2022 Earnings Release and Conference Call

In my view, VAL has gained ⁓52% (YoY), boosted by a significant value in ARO Drilling and the company's drive to build its contract backlog. Valaris emerged from Chapter 11 bankruptcy at the beginning of Q2 2021 when it finished its financial restructuring and eliminated $7.1 billion of debt.

Valaris: Leveraging On Scale A Year After Bankruptcy

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) today announced that Matt Lyne has commenced his role as Senior Vice President and Chief Commercial Officer, having been appointed to the role in late May. Matt Lyne previously served as Chief Commercial and Strategy Officer of Seadrill, where he held a number of senior marketing and commercial roles for more than 12 years. Prior to this, he served in a number of senior operational and functional roles

Valaris Announces New Chief Commercial Officer

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HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Authorizes $100 Million Share Repurchase Program

News for Valaris Ltd Stock (VAL)