Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Valaris (VAL)
NYSE:VAL
Holding VAL?
Track your performance easily
Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.09Last Year’s EPS
11.3Same Quarter Last Year
Based on 7 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 02, 2021
|% Change Since: -1.54%
|Next Earnings Date:Aug 03, 2021
Earnings Call Sentiment|Neutral
The earnings call highlighted strong operational performance, cash flow generation, and a robust contract backlog, while acknowledging deferred demand and some market headwinds for 2025. The company's prudent management of fleet and financials, combined with a positive outlook for 2026 and beyond, supports a cautiously optimistic view.Company Guidance
During the Valaris third quarter 2024 earnings call, the company provided guidance with several key metrics indicating strong operational and financial performance. Valaris generated $111 million in free cash flow and reported a fleet-wide revenue efficiency of 98% for the third consecutive quarter, highlighting their focus on delivering reliable and efficient operations. The company repurchased $100 million of shares in Q3, maintaining a commitment to return free cash flow to shareholders. Adjusted EBITDA was $150 million, an increase from $139 million in Q2, driven by strong operating performance. For Q4 2024, Valaris projects total revenues between $570 million and $590 million, with an expected adjusted EBITDA of $135 million to $155 million. Capital expenditures are anticipated to be $120 million to $130 million, with a focus on upgrading projects like VALARIS DS-4 and 144. Despite some deferred customer demand, Valaris remains optimistic about future opportunities and expects robust market fundamentals to support long-term growth, particularly in deepwater production.Strong Free Cash Flow Generation
Valaris generated $111 million of free cash flow during the third quarter, with plans to return all future free cash flow to shareholders unless a more value-accretive use is identified.
High Operational Efficiency
The company achieved a fleet-wide revenue efficiency of 98% for the third consecutive quarter, highlighting sustained operational excellence.
Significant Contract Backlog
Secured new contracts and extensions with an associated contract backlog of approximately $257 million, primarily for the jackup fleet.
Increased Adjusted EBITDA
Adjusted EBITDA increased to $150 million in the third quarter, up from $139 million in the second quarter.
Safety Achievements
Valaris was recognized for the second year by the Center for Offshore Safety for its Safety Leadership Award and celebrated multiple safety milestones across the fleet.
Positive Market Outlook
Valaris sees a strong pipeline of opportunities primarily commencing in 2026, with expected continued strength in day rates for high-specification drillships.
---
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 |
|---|---|---|---|
| Oct 30, 2024 | $48.79 | $50.60 | +3.71% |
| Jul 31, 2024 | $78.59 | $73.58 | -6.37% |
| May 01, 2024 | $64.06 | $65.05 | +1.55% |
| Feb 22, 2024 | $66.10 | $68.48 | +3.60% |
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 Feb 25, 2025, TBA Not Confirmed.
What is Valaris (VAL) earnings time?
Valaris (VAL) earnings time is at Feb 25, 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 2024 (Q4) is 1.09.
---