Valaris reports Q1 EPS (24c), consensus (6c)

Reports Q1 revenue $465.4M, consensus $443.71M. President and Chief Executive Officer Anton Dibowitz said, “Thank you to the entire Valaris (VAL) team for a strong start to the year. We delivered safe and reliable operations for our customers, achieving revenue efficiency of 98% in the first quarter. We expect a meaningful improvement in our financial results through 2026, supported by strong project delivery and operational execution, with the DS-12 having successfully returned to operations ahead of schedule and three additional drillships from our active fleet on track to restart later this year.”