10-K · February 20, 2026
Valaris reported Q4 revenue of $537,400,000 and EPS of $0.55, beating consensus, while reporting a gross margin of 29.2%, operating margin of 6.9% and negative free cash flow of -$34.0 million for the quarter. The…
Earnings analysis · 10-Q
VAL earnings analysis
Filed May 5, 2026 · Our reading of the company's report
The latest report
Valaris reported strong Q1 2026 results with revenue of $465.4 million and an EPS of -$0.04, both surpassing the consensus estimates. The revenue exceeded forecasts by 5.17%, reflecting positive growth momentum compared…
Read full summary
Valaris reported strong Q1 2026 results with revenue of $465.4 million and an EPS of -$0.04, both surpassing the consensus estimates. The revenue exceeded forecasts by 5.17%, reflecting positive growth momentum compared to the prior periods.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.04
What stood out
-
Revenue Growth Beats Estimates
The actual revenue was $465.4 million, exceeding the estimated $442.5 million by 5.17%.
-
EPS Surprises Positive
The diluted EPS reported was -$0.04, beating the estimated -$0.06 by 33.33%.
-
Improved Cash Flow
Free cash flow increased to $56 million in the prior quarter, although data for this period is not disclosed.
-
Segment Stability
Segment details were not provided but the positive revenue indicates stable performance.
-
Strong Market Position
Despite the geopolitical tensions affecting the market, the company showed resilience in their revenue generation.
-
Share Buyback Initiative
The company has approximately $175 million remaining under its $600 million share repurchase program.
What to watch
-
Environmental Liability Concerns
Pending assessments for spills may lead to fines, currently estimated at $0.5 million.
-
Geopolitical Market Risks
High oil prices due to ongoing conflicts could adversely impact operational costs and demand.
-
Litigation Uncertainties
The company is involved in various lawsuits which could materially affect its financial position.
Management's outlook
Outlook deferred to earnings press release / call.
Earlier filings 4
10-Q · October 30, 2025
Valaris reported Q3 2025 revenue of $595.7M and diluted EPS of $2.65, materially beating consensus (est. $0.95 EPS; $566.66M revenue). Margins remained healthy with gross margin ~38.3% and operating margin ~21.2%, and…
10-Q · August 1, 2024
Valaris reported strong Q2 results with operating revenues of $610.1M and diluted EPS of $2.03, reversing prior-year losses and generating operating income of $108.9M. However, the company used significant cash for…
10-K · February 22, 2024
Valaris positions itself as a leading, globally diversified offshore contract driller that owns the world's largest offshore drilling fleet (53 rigs) and emphasizes improving industry demand and rising day rates. The…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.