VAL Stock Recent News

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") will hold its third quarter 2022 earnings conference call at 9:00 a.m.

In my view, VAL has gained ⁓52% (YoY), boosted by a significant value in ARO Drilling and the company's drive to build its contract backlog. Valaris emerged from Chapter 11 bankruptcy at the beginning of Q2 2021 when it finished its financial restructuring and eliminated $7.1 billion of debt.

Valaris Ltd. (NYSE:VAL ) Q2 2022 Earnings Conference Call August 2, 2022 10:00 AM ET Company Participants Tim Richardson - Director of Investor Relations Anton Dibowitz - President & Chief Executive Officer Darin Gibbins - Vice President of Investor Relations & Treasurer Christopher Weber - Senior Vice President & Chief Financial Officer Conference Call Participants Greg Lewis - BTIG Fredrik Stene - Clarksons Platou Securities David Smith - Pickering Energy Partners Operator Good day and welcome to the Valaris Second Quarter 2022 Earnings Call.

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") will hold its second quarter 2022 earnings conference call at 9:00 a.m. CDT (10:00 a.m. EDT) on Tuesday, August 2, 2022. The earnings release will be issued before the New York Stock Exchange opens that morning. The conference call will be webcast live at www.valaris.com. Alternatively, callers may dial +1-855-239-3215 within the United States or +1-412-542-4130 from outside the U.S. It is recommended t

The company added $466 million in gross backlog over the past two months. Drillship Valaris DS-17 will be reactivated after having been awarded an 18-month contract with Equinor.

The combination of underinvestment in new oil wells and rising demand underscores what might be a long period of high prices for energy commodities. Meanwhile, many oil and gas stocks are still trading at low valuations to expected earnings despite a sector-wide rally stretching back to the end of 2020.

Company to sell two cold-stacked jackup rigs to ADES for aggregate sales proceeds of $125 million. Divestiture will help offset elevated rig reactivation costs expected for the first half of this year while reducing operating expenses by an estimated $3.5 million annually.

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") will hold its first quarter 2022 earnings conference call at 9:00 a.m. CDT (10:00 a.m. EDT) on Tuesday, May 3, 2022. The earnings release will be issued before the New York Stock Exchange opens that morning. The conference call will be webcast live at www.valaris.com. Alternatively, callers may dial +1-855-239-3215 within the United States or +1-412-542-4130 from outside the U.S. It is recommended that