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Friday 6 November 2026 Export VAL’s income statement to Excel — free account

Valaris Limited

VAL Energy Oil & Gas Drilling

Valaris Limited’s revenue for fiscal 2025 (year ended December 2025) was $2.4 billion, roughly unchanged from fiscal 2024.

Revenue
−0.35%
EPS
−74.7%
Free cash flow
−105.1%
Total debt
+0.30%

Quarter to September 2026, against a year earlier

78.07 4.70 −5.68%
Market cap
$5.4B
P/E
6.8×
Fwd P/E
30.5×
Dividend yield
—
F-score
7/9
Altman Z
2.49
Beneish M
−2.21
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Valaris Limited (VAL) Earnings & Analysis

Updated · Covers results through Q2 FY2026 · How this is made

Latest quarter

Valaris reported quarterly revenue of $539.2 million, down from $615.2 million a year earlier but above the consensus of $500.0 million. Diluted earnings per share fell to $0.72 from $1.61 a year earlier.

The company’s gross margin narrowed to 22.9% from 35.7%, while its operating margin fell to 9.48% from 26.7%. Free cash flow was −$37.3 million, compared with $62.6 million a year earlier.

Compared with the preceding quarter, Valaris said floater revenue increased as drillships began new contracts. Jackup revenue fell partly because of fewer operating days, including time spent on maintenance and contract preparations. The company said Middle East conflicts also reduced quarterly operating income, primarily through war-related insurance costs and project delays. Valaris recorded a pre-tax gain on the sale of VALARIS 104 during the quarter.

Q2 FY2026 Q2 FY2025 Change
Revenue $539.2 million $615.2 million −12.4%
Diluted EPS $0.72 $1.61 −55.3%
Gross margin 22.9% 35.7% −12.7 percentage points
Operating margin 9.48% 26.7% −17.2 percentage points
Free cash flow −$37.3 million $62.6 million −159.6%
Against the consensus Reported Consensus Result
Revenue $539.2 million $500.0 million Beat by 7.84%

Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.

What management said on the call

Valaris’s latest earnings call is unavailable. Its management commentary and analysts’ questions from the call therefore cannot be reported.

Guidance

Valaris expects war-related insurance costs to be lower in the second half of the year than in the first half, primarily because of the sale of a rig and lower premiums from longer-term coverage.

Metric For Guide Previous guide Change
Operating expenses, War Related Insurance H2 FY2026 Valaris expects war-related insurance costs to be lower in the second half of 2026 than in the first half. — —

This page is for information only. It is not investment advice, a recommendation or an offer to buy or sell any security. Figures come from the sources listed above and may contain errors; verify against the company's filings.