Valaris Q4 net income rose to $131 million as revenue fell to $548 million
Valaris reported fourth quarter 2024 results. Net income rose to $131 million from $63 million in the third quarter, but revenue excluding reimbursable items fell to $548 million from $600 million and Adjusted EBITDA fell to $142 million from $150 million. The filing says the net income increase was helped by a $16 million discrete tax benefit, so the lower revenue and Adjusted EBITDA are the clearer signs of the quarter's operating trend.
Key points
- Net income of $131 million, versus $63 million in the third quarter; diluted EPS was $1.88 versus $0.88
- Revenue excluding reimbursable items of $548 million, down from $600 million, mainly on lower floater utilization
- Adjusted EBITDA of $142 million, down from $150 million; the fourth quarter tax line included a $16 million discrete tax benefit
- Repurchased $25 million of shares in the quarter
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 19, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.