Short answer
Valaris Ltd (VAL) filed an 8-K current report with the SEC on August 5, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item EX-99.1 (Exhibit EX-99.1). Q2 revenue $539.2M, net income $47.0M, and Adjusted EBITDA $96.5M, reversing Q1’s $18.0M net loss.
Valaris Ltd 8-K event analysis
AI summary of each reported item and its exhibits
Item EX-99.1 · Exhibit EX-99.1
- Q2 revenue $539.2M, net income $47.0M, and Adjusted EBITDA $96.5M, reversing Q1’s $18.0M net loss
- Floater revenue rose 47% to $279.0M as three drillships started contracts, signaling improving utilization and earnings momentum
- Middle East conflicts reduced Adjusted EBITDA approximately $30M, while insurance and project delays pressured jackup profitability
- North Sea jackup backlog increased more than $160M; asset sales generated $74M cash proceeds while removing long-term stacked rigs
- Transocean combination remains targeted for Q4 2026, with no future earnings calls or forward-guidance updates planned during the pending transaction
Other items in this filing:
- Item 2.02: Results of Operations and Financial Condition
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