Valaris (VAL)
Supplies crewed floaters and jackups for offshore oil and gas drilling.
$82.72
After hours+0.04 (+0.05%)
At close$82.68(+1.09%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 455 | 484 | 525 | 610 | 643 | 584 | 621 | 615 | 596 | 537 | 465 | 539 |
| Cost of revenue | 391 | 402 | 445 | 439 | 462 | 415 | 415 | 396 | 406 | 454 | 416 | −11 |
| Gross profit | 64 | 82 | 80 | 171 | 181 | 169 | 206 | 220 | 190 | 83 | 49 | 550 |
| 48 | 44 | 51 | 63 | 86 | 50 | 63 | 55 | 64 | 27 | 25 | 499 | |
| 24 | 24 | 26 | 32 | 30 | 26 | 25 | 19 | 27 | 27 | 25 | 27 | |
| Selling & marketing | 0 | −1 | −1 | −1 | −1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| General & administrative | 24 | 24 | 27 | 33 | 31 | 27 | 24 | 19 | 27 | 27 | 25 | 27 |
| Other expenses | 24 | 20 | 25 | 31 | 56 | 24 | 38 | 36 | 37 | 0 | 0 | 472 |
| Operating income | 17 | 38 | 29 | 109 | 95 | 119 | 143 | 164 | 126 | 56 | 24 | 51 |
| 11 | 0 | 9 | 12 | −8 | 5 | 11 | −18 | 90 | −20 | −14 | 30 | |
| Interest income | 27 | 27 | 21 | 31 | 18 | 17 | 14 | 15 | 23 | 19 | 17 | 16 |
| Interest expense | 19 | 22 | 18 | 23 | 22 | 22 | 24 | 25 | 25 | 25 | 24 | 24 |
| Other non-operating income | 2 | 8 | 2 | −1 | −24 | 10 | −5 | −1 | −115 | −5 | −11 | −54 |
| Income before tax | 28 | 38 | 38 | 121 | 87 | 124 | 154 | 146 | 216 | 36 | 10 | 81 |
| Income tax expense | 11 | −790 | 13 | −30 | 24 | −7 | 194 | 32 | 29 | −680 | 28 | 34 |
| Net income from continuing operations | 17 | 829 | 26 | 151 | 63 | 131 | −39 | 114 | 187 | 717 | −18 | 47 |
| Net income | 13 | 835 | 26 | 150 | 65 | 134 | −38 | 115 | 188 | 718 | −16 | 50 |
| EPS, basic | $0.18 | $11.47 | $0.35 | $2.07 | $0.89 | $1.88 | −$0.53 | $1.62 | $2.66 | $10.32 | −$0.24 | $0.73 |
| EPS, diluted | $0.17 | $11.30 | $0.35 | $2.03 | $0.88 | $1.88 | −$0.53 | $1.61 | $2.65 | $10.26 | −$0.24 | $0.72 |
| Weighted average shares, basic | 74 | 73 | 72 | 72 | 72 | 71 | 71 | 71 | 71 | 70 | 69 | 69 |
| Weighted average shares, diluted | 75 | 74 | 74 | 74 | 73 | 71 | 71 | 71 | 71 | 70 | 69 | 70 |
| EBITDA | 40 | 58 | 54 | 140 | 151 | 143 | 181 | 200 | 278 | 102 | 77 | 149 |
| Depreciation & amortization | 26 | 28 | 27 | 30 | 32 | 34 | 33 | 36 | 37 | 41 | 43 | 45 |
| EBIT | 14 | 31 | 28 | 110 | 119 | 109 | 148 | 165 | 241 | 61 | 35 | 105 |
