Valaris reported third quarter 2026 total operating revenues of $594 million, up from $539 million in the second quarter, and adjusted EBITDA of $151 million, up from $97 million. Net income of $47 million was roughly flat, and diluted earnings per share fell to $0.66 from $0.72. The company said its pending business combination with Transocean has received the required regulatory approvals and is expected to close on or about December 1, 2026, and that it does not plan to hold future earnings calls or update forward-looking guidance.
Total operating revenues $593.6 million vs. $539.2 million in Q2 2026; net income $46.7 million vs. $47.0 million
Diluted EPS $0.66 vs. $0.72 in Q2 2026; net income attributable to Valaris $46.1 million vs. $50.4 million
Middle East conflicts reduced adjusted EBITDA by about $24 million in Q3 2026, compared with $30 million in Q2 2026
Transocean combination expected to close on or about December 1, 2026; no future earnings calls or guidance updates planned
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.
From Valaris's 10-Q and 10-K filings (SEC XBRL). YoY compares each quarter with the same quarter a year earlier; it is blank when the year-ago figure is missing or negative.
Annual results
Fiscal year
Revenue
Growth
EPS (diluted)
Growth
Net margin
FY2025
$11.90M
+24.0%
$13.86
+170.7%
8258.8%
FY2024
$9.60M
+14.3%
$5.12
-55.5%
3889.6%
FY2023
$8.40M
-8.7%
$11.51
+394.0%
10302.4%
FY2022
$9.20M
-99.4%
$2.33
—
1918.5%
FY2020
$1.43B
-30.5%
$-24.42
—
-340.2%
Frequently asked questions
When is Valaris's next earnings date?
Valaris has not announced a report date within the next three weeks. US companies usually report three to six weeks after each quarter ends; this page updates as soon as the date is on the calendar.
What did Valaris earn last quarter?
For the quarter ended Sep 2026, Valaris reported diluted EPS of $0.66 (-75.1% year over year) on revenue of $6.10M (+8.9%).
Where do these numbers come from?
Reported revenue, net income and EPS come from the company's own 10-Q and 10-K filings with the SEC (XBRL data). The report date and consensus estimate come from the Nasdaq earnings calendar.
Not investment advice. Figures can be restated by the company in later filings.