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Q2 2026 earnings • released • EPS beat +91.00% • Revenue beat +8.80%
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VAL:NYSE
Valaris Ltd
$78.78
+2.03%
(+1.57) 1D
$78.78
0.00% (0.00)
After hours
Closed: Aug 7, 4:00:03 PM GMT-4  ·   USD
All symbols
SymbolPriceChange% Change
Generating top insights for VAL...
Open
$77.00
High
$81.09
Low
$76.86
Mkt. cap
5.46B
Avg. vol.
953.95K
Volume
613.44K
P/E ratio
5.52
52-wk high
$114.12
52-wk low
$43.53
EPS
$14.28
Beta
0.94
Shares outstanding
69.25M
No. of employees
4K
Open
$77.00
High
$81.09
Low
$76.86
Mkt. cap
5.46B
Avg. vol.
953.95K
Volume
613.44K
P/E ratio
5.52
52-wk high
$114.12
52-wk low
$43.53
EPS
$14.28
Beta
0.94
Shares outstanding
69.25M
No. of employees
4K
News stories
From sources across the web
Profile
Valaris Limited is an offshore drilling contractor headquartered in Houston, Texas, and incorporated in Bermuda. It is the largest offshore drilling and well drilling company in the world. As of February 2025, it owned 52 rigs, including 36 offshore jackup rigs, 11 drillships, and 5 semi-submersible platform drilling rigs. In 2024, the company's largest customer was BP and the company's 5 largest customers accounted for 49% of revenues. Wikipedia
About Valaris Ltd
CEOAnton Dibowitz
Employees3.8K
Founded1975
HeadquartersLondon, Greater London, United Kingdom
SectorDrilling
Websitevalaris.com
Analyst ratings
Based on 2 analysts giving stock ratings to VAL in the past 3 months
Hold
Buy
0
Hold
2
Sell
0
12-month forecast
Based on 2 Wall Street analysts offering 12 month price targets for VAL in the last 3 months.
Highest
Current $78.78
$80.00 (+1.55%)
Average
$80.00 (+1.55%)
Lowest
$80.00 (+1.55%)
Analyst
Recommendation
Action
Price target
Projected
Date
Charles Minervino
Susquehanna
Hold
Maintained
$80.00
+1.5%
08/07/2026
Gregory Lewis
BTIG
Hold
Maintained
-
-
05/12/2026
Eddie Kim
Barclays
Hold
Maintained
$50.00
-36.5%
03/27/2026
Bard Rosef
Pareto
Sell
Downgraded
$80.00
+1.5%
02/23/2026
Last report
Aug 5, 2026
Fiscal period
Q2 2026
EPS / Est. (USD)
$0.50 / $0.26
+91.00%beat
Revenue / Est. (USD)
539.20M / 495.61M
+8.80%beat
Fiscal Q2 2026 earnings call
Waiting for the earnings call
At a glance
Insights from the latest news and reports
Previous reportsAll values in USD
Loading Previous Earnings...
Income statement
Revenue
Net income
All values in USD
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Revenue
595.70M
537.40M
465.40M
539.20M
Cost of goods sold
405.60M
413.40M
373.40M
415.50M
Cost of revenue
405.60M
413.40M
373.40M
415.50M
Research and development expenses
-
-
-
-
Total research and development expenses
-
-
-
-
Selling, general, and admin expenses
27.10M
27.20M
24.40M
27.20M
Operating expense
64.20M
67.80M
67.10M
71.80M
Total operating expenses
469.80M
481.20M
440.50M
487.30M
Operating income
125.90M
56.20M
24.90M
51.90M
Other non operating income
200.00K
300.00K
100.00K
37.20M
EBT including unusual items
215.90M
36.40M
10.40M
80.60M
EBT excluding unusual items
126.40M
54.70M
22.80M
92.00M
Income tax expense
28.60M
-680.40M
28.40M
33.60M
Effective tax rate
13.25%
-1,869.23%
273.08%
41.69%
Other operating expenses
-
-
-
-
Net income
188.10M
717.50M
-16.40M
50.40M
Net profit margin
31.58%
133.51%
-3.52%
9.35%
Earnings per share
2.65
0.62
-0.04
0.50
Interest and investment income
22.60M
18.70M
17.00M
16.30M
Interest expense
-24.90M
-24.80M
-24.30M
-24.00M
Net interest expenses
-2.30M
-6.10M
-7.30M
-7.70M
Depreciation and amortization charges
37.10M
40.60M
42.70M
44.60M
EBITDA
163.00M
96.80M
67.60M
96.50M
Gain or loss from assets sale
-89.50M
-1.20M
1.60M
-37.70M
Insider transactions
Insider transactions data is drawn from third-party sources. Learn more
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