Every material Form 8-K Valaris filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Valaris reported third quarter 2025 total operating revenues of $596 million, down from $615 million in the second quarter, and adjusted EBITDA of $163 million, down from $201 million. Net income rose to $187 million from $114 million, helped by a $90 million gain on asset sales, including the sale of jackup VALARIS 247. The company also repurchased $75 million of shares and secured a contract for VALARIS DS-12.
Total operating revenues of $596 million, down from $615 million in Q2 2025
Net income of $187 million, up from $114 million in Q2 2025, including a $90 million gain on asset sales
Adjusted EBITDA of $163 million, down from $201 million in Q2 2025
Repurchased $75 million of shares; contract for VALARIS DS-12 with an estimated duration of 350 days
Valaris reported second quarter 2025 net income of $114 million, compared with a net loss of $39 million in the first quarter, on total operating revenues of $615 million, down slightly from $621 million. Adjusted EBITDA of $201 million exceeded the company's prior guidance of $140 million to $160 million, and contract backlog rose to approximately $4.7 billion after more than $1.0 billion of new awards.
Net income of $114 million vs. a net loss of $39 million in Q1 2025; Q1 included $167 million of discrete tax expense
Adjusted EBITDA of $201 million vs. guidance of $140 million to $160 million, aided by a $24 million benefit from an arbitration outcome
Total backlog of approximately $4.7 billion after more than $1.0 billion of new contracts since April
Agreed to sell jackup VALARIS 247 for cash proceeds of approximately $108 million
Valaris reported first quarter 2025 total operating revenues of $621 million, up from $584 million in the fourth quarter, and Adjusted EBITDA of $181 million, up from $142 million. The company posted a net loss of $39 million, driven by $167 million of discrete tax expense tied to a valuation allowance on deferred tax assets after its decision to retire three semisubmersibles. Shareholders face a mixed picture: operating results improved, while the one-time tax charge turned a fourth quarter net income of $131 million into a loss.
Total operating revenues $621 million, with revenue efficiency of 96%
Net loss of $39 million, including $167 million of discrete tax expense; fourth quarter 2024 net income was $131 million
Adjusted EBITDA of $181 million, versus $142 million in the fourth quarter 2024
Contract backlog rose nearly 20% to more than $4.2 billion, with about $1.0 billion of new contracts since February
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.
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
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Valaris filing is on SEC EDGAR ↗. 8-K briefs of other companies →