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 Q2 2020

Earnings data Q2 2021

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Earnings data Q4 2021

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Earnings data Q4 2024

Valaris reports robust Q4 performance, eyes growth amid market challenges

Valaris delivered strong Q4 performance, focusing on growth opportunities and shareholder returns. Challenges include lower revenue expectations and varied customer discussions on capital contributions. The company is optimistic about industry outlook and strategic initiatives.

Valaris exceeds Q1 guidance, focuses on long-term customer relationships

Valaris' Q1 earnings call highlighted robust financial performance, strategic refinancing, and a customer-centric approach amidst market volatility. The company aims to optimize fleet strategy and capitalize on market opportunities for sustainable growth.

Valaris excels in Q2 2023, eyes fleet expansion and shareholder returns

Valaris reported strong operational and financial performance in Q2 2023, highlighting a positive market outlook and strategic growth initiatives. The company is focused on fleet expansion, shareholder returns, and seizing opportunities in the offshore drilling sector.

Valaris projects growth in 2024, focuses on fleet profitability

Valaris anticipates improved results in 2024 and 2025, with revenue guidance of $2.25-$2.35 billion for 2024; management committed to returning capital to shareholders and maximizing cash generation.

Valaris reports robust Q4 results, optimistic on market growth

Valaris delivered strong financial performance in Q4, showcasing resilience and strategic focus. The company's emphasis on shareholder value, market optimism, and disciplined approach to capacity management position it well for future growth. Challenges in the competitive market and potential risks from external factors require careful navigation.

Valaris excels in Q1 2024, eyes revenue growth and contract awards

Valaris delivered strong Q1 performance with high revenue efficiency and revenue growth. Focus on high-spec assets and increasing contract backlog positions the company well for future growth. Challenges include securing incremental work for specific rigs and ensuring economic viability in new ventures.

Valaris reports robust Q2 performance, eyes sustained growth opportunities

Valaris demonstrated operational excellence and financial resilience in Q2 2024, surpassing revenue and EBITDA expectations while securing significant contracts and backlog growth.
Despite challenges in the jackup market dynamics and contract negotiations, the company's strengths in market positioning and capital allocation present opportunities for sustained growth and shareholder returns.
With a positive market outlook and strong customer demand, Valaris remains optimistic about future prospects and aims to enhance shareholder value through strategic capital allocation and operational efficiency.

Valaris excels in Q3 with $111M free cash flow and new contracts

Valaris delivered strong financial results in Q3 2024, exceeding expectations and showcasing operational excellence. With a focus on safety and efficiency, the company is well-positioned to capitalize on growing offshore project investments and new contract opportunities.

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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.

Valaris Ltd. (VAL) announces that its joint venture in Saudi Arabia, ARO Drilling, has received a suspension notice for one of its 19 contracted rigs, the Valaris 143.

Valaris (VAL) Receives Rig's Suspension Notice From Aramco

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Announces Contract Suspension for Jackup VALARIS 143.

Valaris Announces Contract Suspension for Jackup VALARIS 143

Leading offshore driller Valaris Limited reported better-than-expected Q4 2023 results with profitability well ahead of management's guidance and consensus expectations. On the conference call, management reiterated expectations for Adjusted EBITDA to increase to a range of $500-$550 million this year, up from a paltry $141 million in 2023. However, material capital expenditure requirements are likely to result in very limited free cash flow generation.

Valaris: Buy Despite Near-Term Jackup Market Headwinds

Murphy USA

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United States Brent Oil Fund LP

Invesco DB Oil Fund

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iShares U.S. Oil & Gas Exploration & Production ETF

VanEck Vectors Oil Services ETF

iPath Pure Beta Crude Oil ETN

Invesco Dynamic Oil & Gas Services ETF

ProShares Ultra Bloomberg Crude Oil

United States Oil Fund LP

SPDR S&P Oil & Gas Exploration & Production ETF

We remain optimistic about near-term prices for crude and advise investors to buy stocks like VAL, MUSA and SUN.

Oil Closing in on $80 as EIA Reports Bullish Inventory Data

With OPEC's latest cut putting a floor under oil prices, there is a significant opportunity for investors who are willing. We suggest buying stocks like VAL, MUSA and SUN.

What OPEC's Extended Production Cuts Mean for Oil Markets

With energy consultancy Wood Mackenzie expecting strong oil market demand in 2024, this might be the right time to buy stocks like VAL, MUSA and SUN.

Oil Demand Dynamics for 2024: Asia-Pacific to Drive Growth

Valaris Limited (VAL) Q4 2023 Earnings Call Transcript

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Reports Fourth Quarter 2023 Results.

Valaris Reports Fourth Quarter 2023 Results

Valaris Limited has experienced volatility in its stock price over the past year, but the company is focused on improving its bottom line and has promising growth prospects. VAL operates in the offshore drilling industry and has a diverse fleet of equipment, allowing it to engage in different markets around the world. The company has secured partnerships and joint ventures, such as its collaboration with ARO Drilling, which contributes to its robust financial performance and solid balance sheet.

Valaris Limited: Promising Outlook As Meaningful FCF Commences

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Following a careful analysis of the Zacks Oil and Gas - Drilling industry, we advise focusing on companies like VAL, HP and SDRL.

3 Promising Oil & Gas Drilling Stocks Amid Industry Tumult

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Schedules Fourth Quarter 2023 Earnings Release and Conference Call.

Valaris Schedules Fourth Quarter 2023 Earnings Release and Conference Call

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Sentiment on oil and offshore has been weak, but I think it could be starting to turn a corner. Current geopolitical events could provide a near term catalyst for oil prices.

Offshore Sector Update: Weak Sentiment To Start 2024

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TC Energy

SHEL, SUN, E, TRP and VAL emerge as the energy headline makers during the week.

Shell's Q4 Update & Sunoco's $1B Sale Lead the Oil & Gas Stock Roundup

Valaris (VAL) adds contract extensions and new deals worth $1.14 billion at attractive high-day rates, leading to a positive outlook.

Valaris (VAL) Adds $1B Backlog From Drillship & Jackup Deals

Valaris (VAL) wins a contract for the drillship VALARIS DS-4 worth $519 million to continue working with Petrobras (PBR) after their ongoing contract ends in September 2024.

Valaris (VAL) Secures $519M Contract Extension in Brazil

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20 midcap stocks with 2024 upside ranging up to 62%, according to analysts

Valaris reported improved day rates and added to its contract backlog, despite revenue stabilizing over the past six quarters. Valaris is poised to add two drillships to its fleet before the end of 2023, enhancing its revenue-generating capacity in 2024 and beyond. Valaris remains inexpensive in an offshore drilling market marked by increasing demand and constrained supply of rig capacity.

Valaris Limited: Fleet Expansion And Market Dynamics Bolster Investment Thesis

Valaris Limited (NYSE:VAL ) Q3 2023 Earnings Conference Call November 7, 2023 10:00 AM ET Company Participants Darin Gibbins - Vice President, Investor Relations & Treasurer Anton Dibowitz - President & Chief Executive Officer Matt Lyne - Senior Vice President, CCO Chris Weber - Senior Vice President & Chief Financial Officer Conference Call Participants Eddie Kim - Barclays Kurt Hallead - Benchmark David Smith - Pickering Energy Partners Operator Good day, and welcome to the Valaris Third Quarter 2023 Results Conference Call. All participants will be in listen-only mode.

Valaris Limited (VAL) Q3 2023 Earnings Call Transcript

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today reported third quarter 2023 results. President and Chief Executive Officer Anton Dibowitz said, “We are pleased that VALARIS DS-17 commenced its contract offshore Brazil during the quarter and expect that it will contribute meaningful earnings and cash flow going forward. While our floater revenue efficiency for the quarter was below our expectations, our year to date fleetwide revenue efficiency.

Valaris Reports Third Quarter 2023 Results

ConocoPhillips

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Equinor

Diamondback Energy

Occidental Petroleum

Investors concerned about the premiums paid in the current merger wave should look at offshore driller Valaris for its growth at a reasonable price. ConocoPhillips could be the next big oil company to make a deal.

Big Oil Spending Spree: Should Investors Buy or Sell on the Acquisition Bonanza?

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") will hold its third quarter 2023 earnings conference call at 9:00 a.m. CST (10:00 a.m. EST) on Tuesday, November 7, 2023. The earnings release will be issued before the New York Stock Exchange opens that morning. The conference call will be webcast live at www.valaris.com. Alternatively, callers may dial +1-855-239-3215 within the United States or +1-412-542-4130 from outside the U.S. It is recommended.

Valaris Schedules Third Quarter 2023 Earnings Release and Conference Call

Valaris Limited is positioned for substantial cash flow growth from its highly valuable offshore drilling fleet. Industry supply constraints and high entry barriers create a favorable market landscape for Valaris Limited. The restructured balance sheet, the increase in free cash flow and management commitment to returning capital to shareholders through share buybacks will be catalysts for stock appreciation.

Valaris: Uncovering Cash Flow Potential To Buy Back Shares

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today new contracts and contract extensions, with associated contract backlog of approximately $65 million, awarded subsequent to issuing the Company's most recent fleet status report on August 1, 2023. Contract backlog excludes lump sum payments such as mobilization fees and capital reimbursements. One-well contract with BP offshore Brazil for drillship VALARIS DS-15. The contract is expected.

Valaris Announces Contract Awards and Fleet Status Updates

Valaris stock has rallied 34% in two-months. On the year, Valaris is up 16%, almost mirroring the S&P 500's 15% gain.

IBD's Stock Of The Day, After A Surprise Loss Last Quarter, Sees EPS Booming 200%

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Announces Pricing of $400 Million Upsized Private Placement of Additional 8.375% Senior Secured Second Lien Notes.

Valaris Limited Announces Pricing of $400 Million Upsized Private Placement of Additional 8.375% Senior Secured Second Lien Notes Due 2030

News for Valaris Ltd Stock (VAL)