For the quarter ending 2026-03-31.
| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | |
|---|---|---|---|---|
| Loss on impairment | - | 27,300,000* | 0 | |
| Total operating revenues | 465,400,000 | 581,900,000* | 595,700,000 | |
| Contract drilling expenses exclusive of depreciation and reimbursable expenses | 340,400,000 | 374,300,000* | 367,600,000 | |
| Reimbursable expenses | 33,000,000 | 38,600,000* | 38,000,000 | |
| Total contract drilling expenses (exclusive of depreciation) | 373,400,000 | 412,900,000* | 405,600,000 | |
| Depreciation | 42,700,000 | 35,000,000* | 37,100,000 | |
| General and administrative | 25,300,000 | 16,400,000* | 26,900,000 | |
| Business combination, acquisition-related cost, expense | 13,600,000 | - | - | |
| Other operating (income) loss | 2,800,000 | - | - | |
| Total operating expenses | 452,200,000 | 491,600,000* | 469,600,000 | |
| Equity in earnings of aro | 6,800,000 | -4,800,000* | 4,400,000 | |
| Operating income | 20,000,000 | 85,500,000* | 130,500,000 | |
| Interest income | 17,000,000 | 3,000,000* | 22,600,000 | |
| Interest expense, net | 24,300,000 | 24,100,000* | 24,900,000 | |
| Other, net | -2,300,000 | -159,800,000* | 87,700,000 | |
| Total other income (expense) | -9,600,000 | -180,900,000* | 85,400,000 | |
| Income before income taxes | 10,400,000 | -95,400,000* | 215,900,000 | |
| Current income tax expense | 18,900,000 | 100,000* | 29,400,000 | |
| Deferred income tax expense | 9,500,000 | -512,700,000* | -800,000 | |
| Total provision for income taxes | 28,400,000 | -512,600,000* | 28,600,000 | |
| Net loss | -18,000,000 | 417,200,000* | 187,300,000 | |
| Net loss attributable to noncontrolling interests | -1,600,000 | -1,300,000* | -800,000 | |
| Net loss attributable to valaris | -16,400,000 | 418,500,000 | 188,100,000 | |
| Basic EPS | -0.24 | 5.936 | 2.66 | |
| Diluted EPS | -0.24 | 5.911 | 2.65 | |
| Basic Average Shares | 69,200,000 | 70,500,000 | 70,700,000 | |
| Diluted Average Shares | 69,200,000 | 70,800,000 | 71,000,000 | |
Valaris Ltd (VAL-WT)
Valaris Ltd (VAL-WT)