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Q3 2026 earnings • released • EPS miss -45.10% • Revenue beat +3.63%
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VAL:NYSE
Valaris Ltd
$77.32
-6.64%
(-5.50) 1D
$78.42
+1.42% (+1.10)
Pre-market
Closed: Nov 5, 4:00:03 PM GMT-5  ·   USD
All symbols
SymbolPriceChange% Change
Generating top insights for VAL...
Open
$84.02
High
$84.02
Low
$77.22
Mkt. cap
5.37B
Avg. vol.
884.98K
Volume
3.36K
P/E ratio
5.78
52-wk high
$114.12
52-wk low
$48.08
EPS
$13.38
Beta
1.03
Shares outstanding
69.44M
No. of employees
4K
Open
$84.02
High
$84.02
Low
$77.22
Mkt. cap
5.37B
Avg. vol.
884.98K
Volume
3.36K
P/E ratio
5.78
52-wk high
$114.12
52-wk low
$48.08
EPS
$13.38
Beta
1.03
Shares outstanding
69.44M
No. of employees
4K
News stories
From web sources and news partners
Profile
Valaris Limited is an offshore drilling contractor headquartered in Houston, Texas, and incorporated in Bermuda. It is the largest offshore drilling and well drilling company in the world. As of February 2025, it owned 52 rigs, including 36 offshore jackup rigs, 11 drillships, and 5 semi-submersible platform drilling rigs. In 2024, the company's largest customer was BP and the company's 5 largest customers accounted for 49% of revenues. Wikipedia
About Valaris Ltd
CEOAnton Dibowitz
Employees3.8K
Founded1987
HeadquartersLondon, Greater London, United Kingdom
SectorEnergy
IndustryDrilling
Analyst ratings
Based on 2 analysts giving stock ratings to VAL in the past 3 months
Hold
Buy
0
Hold
2
Sell
0
12-month forecast
Based on 2 Wall Street analysts offering 12 month price targets for VAL in the last 3 months.
Highest
Current $77.32
$91.00 (+17.69%)
Average
$91.00 (+17.69%)
Lowest
$91.00 (+17.69%)
Analyst
Recommendation
Action
Price target
Projected
Date
Charles Minervino
Susquehanna
Hold
Maintained
$91.00
+17.7%
11/03/2026
Gregory Lewis
BTIG
Hold
Reiterated
-
-
08/18/2026
Eddie Kim
Barclays
Hold
Maintained
$50.00
-35.3%
03/27/2026
Bard Rosef
Pareto
Sell
Downgraded
$80.00
+3.5%
02/23/2026
Last report
Nov 2, 2026
Fiscal period
Q3 2026
$0.62 / $1.13
-45.10%miss
Revenue / Est. (USD)
593.60M / 572.80M
+3.63%beat
Fiscal Q3 2026 earnings call
Waiting for the earnings call
At a glance
Insights from the latest news and reports
Previous reportsAll values in USD
Loading Previous Earnings...
Revenue
Net income
All values in USD
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Revenue
537.40M
465.40M
539.20M
593.60M
Cost of goods sold
413.40M
373.40M
415.50M
417.30M
Cost of revenue
413.40M
373.40M
415.50M
417.30M
Research and development expenses
-
-
-
-
Total research and development expenses
-
-
-
-
Selling, general, and admin expenses
27.20M
24.40M
26.30M
24.70M
Operating expense
67.80M
67.10M
70.90M
75.00M
Total operating expenses
481.20M
440.50M
486.40M
492.30M
Operating income
56.20M
24.90M
52.80M
101.30M
Other non operating income
300.00K
100.00K
300.00K
-100.00K
EBT including unusual items
36.40M
10.40M
80.60M
101.40M
EBT excluding unusual items
54.70M
22.80M
54.30M
89.40M
Income tax expense
-680.40M
28.40M
33.60M
54.70M
Effective tax rate
-1,869.23%
273.08%
41.69%
53.94%
Other operating expenses
-
-
-
3.00M
Net income
717.50M
-16.40M
50.40M
46.10M
Net profit margin
133.51%
-3.52%
9.35%
7.77%
Earnings per share
0.62
-0.04
0.50
0.62
Interest and investment income
18.70M
17.00M
16.30M
16.30M
Interest expense
-24.80M
-24.30M
-24.00M
-24.90M
Net interest expenses
-6.10M
-7.30M
-7.70M
-8.60M
Depreciation and amortization charges
40.60M
42.70M
44.60M
47.30M
EBITDA
96.80M
67.60M
97.40M
148.60M
Gain or loss from assets sale
-1.20M
1.60M
-37.70M
-27.50M
Insider transactions
Insider transactions data is drawn from third-party sources. Learn more
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