Valaris Ltd ( (VAL) ) has released its Q2 earnings. Here is a breakdown of the information Valaris Ltd presented to its investors.
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Valaris Limited, a leader in offshore drilling services, operates a high-quality fleet of ultra-deepwater drillships, semisubmersibles, and jackups across various geographies, focusing on safety, operational excellence, and innovation. In its second quarter of 2025, Valaris reported robust financial performance with a revenue efficiency of 96%, contributing to a net income of $114 million and an adjusted EBITDA of $201 million. The company secured over $1 billion in new contracts, boosting its total backlog to approximately $4.7 billion, highlighting the strength of its fleet and commercial strategy. Key financial metrics included operating revenues of $615 million, cash from operations of $120 million, and an adjusted free cash flow of $63 million. The company also agreed to sell a jackup for $108 million, reflecting strategic asset management. Looking ahead, Valaris is poised to capitalize on upcoming opportunities in the offshore drilling market, supported by its high-specification fleet and strong operational track record.