Short answer
Valaris Ltd (VAL) filed an 8-K current report with the SEC on May 4, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item EX-99.1 (Exhibit EX-99.1). Q1 revenue $465.4M and adjusted EBITDA $66.7M, down from $537.4M and $97.0M in Q4 2025.
Valaris Ltd 8-K event analysis
AI summary of each reported item and its exhibits
Item EX-99.1 · Exhibit EX-99.1
- Q1 revenue $465.4M and adjusted EBITDA $66.7M, down from $537.4M and $97.0M in Q4 2025
- Net loss $18.0M, including $28.4M tax expense and $13.6M merger-related costs
- Backlog reached $4.929B after securing over $500M of new contracts, supporting future revenue visibility
- Cash declined to $578.3M while capital expenditures totaled $100.9M and operating cash flow reached $75.0M
- Transocean transaction remains central, with Valaris ending future earnings calls and guidance updates during the pending combination
Other items in this filing:
- Item 2.02: Results of Operations and Financial Condition
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