Short answer
Valaris Ltd (VAL) filed its Q1 2026 10-Q quarterly report on May 5, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $8M (up 1775.0% year over year) with net income of −$16M.
Q1 2026 key financials · XBRL
- Revenue
- $8M
- +1775.0% YoY
- Net income
- −$16M
- +56.7% YoY
- Operating margin
- 266.7%
- EPS (diluted)
- −$0.24
- +54.7% YoY
Source: XBRL data from the Valaris Ltd (VAL) Q1 2026 10-Q on SEC EDGAR. USD.
Valaris Ltd Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Near-term outlook risks: contract delays or cancellations, rig supply-demand changes and customer spending reductions
- Emerging headwinds: oil-price volatility, geopolitical conflicts, tariffs, regulatory complexity and potential Business Combination disruption
Risk Factors
- Filing text contains no Risk Factors section or stated changes from the 10-K
- Business Combination Agreement with Transocean dated February 9, 2026 creates transaction-completion risk
- Share repurchase program subject to financing covenants and Business Combination Agreement restrictions
- Approximately $175.0 million remained under the $600.0 million repurchase authorization at March 31, 2026
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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