Valaris reported Q4 2025 total operating revenues of USD 537.4 million (-10%) with revenue efficiency of 98%, net income attributable to shareholders of USD 717.5 million (3.81x), and adjusted EBITDA of USD 97.0 million (-41%). The quarter’s result included a USD 680.4 million tax benefit, driven mainly by USD 691.0 million of deferred tax valuation allowance changes, and a USD 19.5 million impairment loss primarily tied to classifying semisubmersible VALARIS DPS-1 as held for sale. Cash and cash equivalents were USD 599.4 million at Dec. 31, 2025. Valaris said it secured nearly USD 900 million of new contract backlog since its Q3 2025 report, including awards for drillships VALARIS DS-7, DS-8 and DS-9, lifting total backlog to about USD 4.67 billion. The company also sold jackups VALARIS 102 and 145 for recycling and repurchased USD 25.0 million of shares in Q4 (USD 100.0 million for FY 2025). For FY 2026, Valaris guided to total operating revenues of USD 2.13 billion to USD 2.21 billion, adjusted EBITDA of USD 485.0 million to USD 565.0 million, and capex of USD 425.0 million to USD 475.0 million, and noted a pending all-stock business combination with Transocean announced Feb. 9, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Valaris Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260218978659) on February 19, 2026, and is solely responsible for the information contained therein.