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Valaris (VAL)
NYSE:VAL
Earnings Data
Report Date
Aug 05, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.24Last Year’s EPS
2.03Same Quarter Last Year
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: 23.46%
|Next Earnings Date:Aug 05, 2025
Earnings Call Sentiment|Neutral
Valaris reported a strong financial performance with significant contract backlog additions and safety achievements. However, macroeconomic uncertainties and potential idle time for rigs present challenges. The overall sentiment is cautiously optimistic, with a focus on securing future contracts and managing fleet efficiency.Company Guidance
During the Valaris First Quarter 2025 Results Conference Call, the company provided robust guidance that highlighted their operational and financial performance. Valaris reported a revenue efficiency of 96% and an adjusted EBITDA of $181 million for the first quarter, up from $142 million in the previous quarter. The company also generated $74 million in adjusted free cash flow. Valaris emphasized their commercial success by securing over $1 billion in new contract backlog, including significant contracts for drill ships in West Africa, and extensions for jackups in the Middle East and other regions. Despite macroeconomic uncertainties, Valaris remains confident in its ability to secure more contracts, leveraging its high-specification fleet to meet global energy demands. The company also received recognition for its safety performance, with several rigs achieving notable safety milestones. Looking ahead, Valaris narrowed its full-year 2025 adjusted EBITDA guidance to a range of $500 million to $560 million, maintaining a focus on operational excellence and prudent fleet management.Strong Financial Performance
Valaris reported total revenues of $621 million, up from $584 million in the prior quarter, and adjusted EBITDA of $181 million, up from $142 million in the prior quarter. Adjusted free cash flow was $74 million.
Significant Contract Backlog Increase
Since the last call, Valaris has added more than $1 billion in new contract backlog, including a $350 million contract for the drill ship Valaris DS-10. The total backlog increased to more than $4.2 billion, a nearly 20% increase from the previously reported $3.6 billion.
Safety Awards and Milestones
Valaris received the 2024 Best Safety Performance Award for jackup rigs from the IADC North Sea chapter. Rigs VALARIS 121, 144, and Mad Dog achieved significant safety milestones, including two years without a recordable incident for VALARIS 121.
Successful Jackup Contract Extensions
Five jackups chartered to ARO Drilling joint venture were extended for five-year terms, securing their operations into 2030.
Positive Market Outlook
Despite macroeconomic uncertainties, Valaris remains optimistic about offshore production's role in meeting global energy needs. The company is actively engaged in discussions for additional contracting opportunities in 2026 and beyond.
VAL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
VAL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2025 | $32.31 | $35.55 | +10.03% |
Feb 19, 2025 | $42.82 | $44.56 | +4.06% |
Oct 30, 2024 | $48.79 | $50.60 | +3.71% |
Jul 31, 2024 | $78.59 | $73.58 | -6.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Valaris (VAL) report earnings?
Valaris (VAL) is schdueled to report earning on Aug 05, 2025, TBA Not Confirmed.
What is Valaris (VAL) earnings time?
Valaris (VAL) earnings time is at Aug 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VAL EPS forecast?
VAL EPS forecast for the fiscal quarter 2025 (Q2) is 1.24.