VAL Stock Recent News

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Schedules Third Quarter 2024 Earnings Release and Conference Call.

EQNR has secured key suppliers for its $9 billion Raia gas project in Brazil, aiming to meet 15% of the country's gas requirements. The project is slated to begin production in 2028.

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today announced that President and Chief Executive Officer Anton Dibowitz will present at the Barclays CEO Energy-Power Conference in New York City on Tuesday, September 3, 2024, beginning at 1:50 pm EDT. Investor materials to be used during the conference will be available on Valaris' website at www.valaris.com the morning of the event. A live webcast will be available at the time of the presentation i.

Valaris reported strong Q2 results, with revenue and adjusted EBITDA hitting multi-year highs. Free cash flow remained negative due to a combination of higher working capital requirements and elevated capital expenditures. Despite the strong Q2 performance, management lowered full-year expectations due to increased near-term idle time for certain rigs and required repairs.

Valaris Limited (NYSE:VAL ) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants Nick Georgas - VP, Treasurer and IR Anton Dibowitz - President and CEO Matt Lyne - SVP and CCO Chris Weber - SVP and CFO Conference Call Participants Greg Lewis - BTIG Eddie Kim - Barclays Kurt Hallead - Benchmark David Smith - Pickering Energy Partners Operator Good day, and welcome to the Valaris Second Quarter 2024 Results Conference Call. All participants will be in listen-only mode.

Valaris Limited (VAL) came out with quarterly earnings of $2.03 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to loss of $0.29 per share a year ago.

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Issues Fleet Status Report.

Valaris' (VAL) jack-up rig is slated to drill the Selene exploration well in the Southern North Sea.

Last month, leading offshore driller, Valaris, reported Q1/2024 results handily above expectations, mostly as a result of improved revenue efficiency. However, Adjusted EBITDA margin remained weak and cash flow continues to be pressured by elevated capital expenditures. Backlog of $4.0 billion reached a new recovery high and was up by 2.5% sequentially as customers exercised priced options for a number of rigs.

Valaris Limited (NYSE:VAL ) Q1 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Nick Georgas - Vice President, Treasurer and Investor Relations Anton Dibowitz - President and Chief Executive Officer Matt Lyne - Senior Vice President and Chief Commercial Officer Chris Weber - Senior Vice President and Chief Financial Officer Conference Call Participants Greg Lewis - BTIG Eddie Kim - Barclays Fredrik Stene - Clarksons Platou Securities Kurt Hallead - Benchmark Doug Becker - Capital One Operator Good day, and welcome to the Valaris First Quarter 2024 Results Conference Call. All participants will be in listen-only mode.