)
Valaris (VAL) investor relations material
Valaris Barclays 39th Annual CEO Energy-Power Conference 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Fleet overview and operational performance
Operates 48 rigs, including 13 high-spec drillships, 2 semisubmersibles, and 33 jackups, with 12 of 13 drillships being seventh-generation assets.
High-spec drillships command day rates about 25% higher and utilization 10% higher than the market average.
Achieved 96% revenue efficiency and a strong safety record, supporting customer preference and contract wins.
Added over $2 billion in contract backlog this year, with $1.3 billion from drillships, raising total backlog to $4.7 billion, the highest in a decade.
Increased 2023 guidance midpoint by $55 million to $585 million due to strong operational performance.
Market outlook and contracting trends
White space in rig availability was a timing issue, not a loss of demand, with programs delayed but not canceled.
Contracting pace picked up in 2024, with operators booking rigs 12+ months ahead for 2026 startups.
Pipeline of about 30 term program opportunities remains steady, with half in Africa, supporting continued contracting.
Seventh-generation drillships expected to lead recovery, with utilization projected above 90% by end of 2026.
Pricing expected to rise as utilization tightens through 2026 and 2027, especially for high-spec assets.
Asset deployment and reactivation
Three of four near-term available drillships contracted; DS-12 remains, with focus on securing a long-term contract, especially in Africa.
Short-term opportunities are emerging but long-term contracts remain the priority for earnings visibility.
Cold-stacked rigs DS-11, DS-13, and DS-14 likely to remain idle until at least 2028, pending market readiness.
Reactivation costs for drillships estimated at $120–$125 million, with about a one-year timeline.
Next Valaris earnings date
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)