Financial insights of VAL

MyFinsight

For the quarter ending 2026-03-31.

Income Statement	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Loss on impairment	-	19,500	0	-
Total operating revenues	465,400	537,400	595,700	615,200
Contract drilling expenses exclusive of depreciation and reimbursable expenses	340,400	380,300	367,600	355,200
Reimbursable expenses	33,000	33,100	38,000	40,500
Total contract drilling expenses (exclusive of depreciation)	373,400	413,400	405,600	395,700
Depreciation	42,700	40,600	37,100	35,500
General and administrative	25,300	27,000	26,900	18,800
Business combination, acquisition-related cost, expense	13,600	-	-	-
Other operating (income) loss	2,800	-	-	-
Total operating expenses	452,200	500,500	469,600	-
Equity in earnings of aro	6,800	2,500	4,400	-1,100
Operating income	20,000	39,400	130,500	164,100
Interest income	17,000	18,700	22,600	15,100
Interest expense, net	24,300	24,800	24,900	24,800
Other, net	-2,300	3,100	87,700	-8,700
Total other income (expense)	-9,600	-3,000	85,400	-18,400
Income before income taxes	10,400	36,400	215,900	145,700
Current income tax expense	18,900	7,200	29,400	28,000
Deferred income tax expense	9,500	-687,600	-800	3,500
Total provision for income taxes	28,400	-680,400	28,600	31,500
Net loss	-18,000	716,800	187,300	114,200
Net loss attributable to noncontrolling interests	-1,600	-700	-800	-900
Net loss attributable to valaris	-16,400	717,500	188,100	115,100

Basic EPS	-0.24	10.309	2.66	1.62
Diluted EPS	-0.24	10.206	2.65	1.61
Basic Average Shares	69,200,000	69,600,000	70,700,000	71,100,000
Diluted Average Shares	69,200,000	70,300,000	71,000,000	71,300,000

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.