For Q1 FY2026 (ended March 31, 2026), Valaris reported revenue of $465.4 million, down 25.0% year-over-year. Net loss was $16.4 million, improving from a loss of $37.9 million in the prior year. Operating income fell 86.0% to $20.0 million. Diluted EPS was -$0.24, compared to -$0.53 a year ago.
•Revenue decreased 25.0% YoY to $465.4 million.
•Net loss narrowed to $16.4 million from $37.9 million.
•Operating income dropped 86.0% to $20.0 million.
•Diluted EPS improved to -$0.24 from -$0.53.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Valaris provides offshore contract drilling services globally. Its business is organized into four segments: Floaters, Jackups, ARO, and Other. The company owns an offshore drilling rig fleet, which includes drillships, dynamically positioned semisubmersible rigs, a moored semisubmersible rig, and jackup rigs
Management services on rigs owned by third parties. The company serves international, government-owned, and independent oil and gas companies. Founded in 1975, Valaris is based in Hamilton, Bermuda.
Valaris Limited provides offshore contract drilling services globally. The company owns and operates a diverse fleet of offshore drilling rigs, including drillships, dynamically positioned semisubmersible rigs, a moored semisubmersible rig, and jackup rigs. Its business is organized into four segments: Floaters, Jackups, ARO, and Other. Valaris also offers management services on rigs owned by third parties. The company serves international, government-owned, and independent oil and gas companies, helping them explore and produce oil and gas from offshore reserves. Founded in 1975, Valaris is headquartered in Hamilton, Bermuda.
Where is Valaris listed and what currency does it trade in?
Valaris Limited is listed on the New York Stock Exchange (NYSE) under the ticker symbol VAL. Its shares trade in US dollars (USD). As a Bermuda-based company with a US listing, Valaris provides investors with exposure to the global offshore drilling industry through a major US exchange.
What sector and industry does Valaris operate in?
Valaris operates in the Energy sector, specifically within the Oil & Gas Drilling industry. This means the company is involved in drilling wells for oil and natural gas exploration and production, but it focuses on offshore drilling operations. Unlike oil producers, Valaris does not own the oil or gas; instead, it provides the specialized drilling rigs and services that enable energy companies to access underwater reserves. The company's fleet includes various rig types designed for different water depths and conditions, from shallow-water jackups to deepwater drillships.
Where is Valaris headquartered and what markets does it serve?
Valaris Limited is headquartered in Hamilton, Bermuda, but its operations are global. The company provides offshore contract drilling services to customers worldwide, including international, government-owned, and independent oil and gas companies. Its fleet of drilling rigs operates in various offshore basins, serving markets in regions such as the Gulf of Mexico, South America, West Africa, the North Sea, and the Middle East. Valaris's global presence allows it to support energy projects in diverse geographic and regulatory environments.
How does Valaris make money and what are its main business segments?
Valaris generates revenue by providing offshore contract drilling services to oil and gas companies. Its business is organized into four segments: Floaters, Jackups, ARO, and Other. The Floaters segment includes drillships and semisubmersible rigs used for deepwater drilling. The Jackups segment consists of jackup rigs for shallow-water drilling. The ARO segment covers rigs operating in the Arabian Gulf and other regions. The Other segment includes management services on third-party-owned rigs and other activities. By offering a range of rig types and services, Valaris can meet the needs of different offshore drilling projects, from shallow to ultra-deepwater.