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Valaris Ltd (VAL)
:VAL
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.19Last Year’s EPS
0.35Same Quarter Last Year
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: -2.43%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong operational performance, safety achievements, and a positive contracting outlook for future years, while acknowledging current challenges such as reduced EBITDA, rig retirements, and expected idle time for some rigs, indicating a balanced view of achievements and challenges.Company Guidance
During the Valaris Limited Fourth Quarter 2024 Results Conference Call, the company provided guidance focused on its financial and operational performance. Valaris achieved a revenue efficiency of 96% for the quarter and 97% for the full year, marking the fourth consecutive year with at least 96% efficiency. Adjusted EBITDA for the fourth quarter was $142 million, a slight decrease from $150 million in the third quarter, primarily due to higher contract drilling expenses related to a non-cash legal matter accrual. The company generated $13 million in free cash flow during the fourth quarter and $111 million in the third quarter, all of which was returned to shareholders through share repurchases. Valaris projected full-year 2025 revenues of $2.15 billion and adjusted EBITDA between $480 million and $580 million. Total capital expenditures for 2025 are expected to range from $350 million to $390 million, with a net cash impact of $275 million to $315 million after customer contributions. The company remains focused on securing long-term contracts for its high-specification fleet, with a strong contracting outlook for 2026 and beyond.Strong Revenue Efficiency
Valaris Limited delivered fleet-wide revenue efficiency of 96% during the fourth quarter and 97% for the full year 2024, marking an improvement over last year's results.
Outstanding Safety Performance
Valaris Limited achieved improvements in key safety metrics and received safety awards from both the IADC and the Center for Offshore Safety, including recognition for three rigs in Brazil with no recordable incidents.
Positive Contracting Outlook
The contracting outlook for 2026 and beyond is strong for high specification assets, with a robust pipeline of deepwater project approvals expected in 2026 and 2027.
Financial Performance and Shareholder Returns
Valaris Limited generated $13 million in free cash during the fourth quarter and returned all free cash flow to shareholders through share repurchases in the second half of the year.
Successful High-Grade Fleet Strategy
Valaris Limited has retired a total of twelve floaters over the past five years, more than any other offshore driller, focusing on high specification assets with a go-forward fleet of fifteen floaters.
Contract Backlog Growth in Jackup Segment
Valaris Limited grew contract backlog for the jackup segment by more than 75% over the past two years, with expectations for year-over-year growth in operating days and average day rates in 2025.
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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
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VAL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| May 01, 2024 | $64.06 | $65.05 | +1.55% |
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.
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FAQ
When does Valaris Ltd (VAL) report earnings?
Valaris Ltd (VAL) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Valaris Ltd (VAL) earnings time?
Valaris Ltd (VAL) earnings time is at May 06, 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 (Q1) is 1.19.
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