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Valaris VAL Q2 2026 earnings

Reported August 5, 2026 · After market close

Revenue$539.2MBeat by $50.7M
EPS$0.72Beat by $0.41
Revenue estimate$488.5M
EPS estimate$0.31
“I want to thank our teams across the organization for their unwavering commitment to safe, reliable and efficient operations. Together we delivered another quarter of strong performance, highlighted by revenue efficiency of 98% and the successful startup of two drillships. These achievements helped drive solid financial results despite the impact of the ongoing conflicts in the Middle East.”
Anton Dibowitz

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$569.3M
EPS estimate$1.13

Financials

Q2 2026

Income statement

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Revenue$539.2M-12.4%
Gross profit$123.7M-43.6%
Operating income$51.1M-68.9%
Net income$50.4M-56.2%
EPS (diluted)$0.72-55.3%

Balance sheet

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Cash & equivalents$558.0M+8.1%
Total debt$1.2B-0.4%
Total equity$3.2B+38.2%
Total assets$5.4B+21.0%

Cash flow

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Operating cash flow$13.1M-89.1%
CapEx$105.5M+57.0%
Free cash flow-$92.4M-275%

Valuation & ratios

Valuation

as of 09/17/26
See full
Market cap$5.73B+53.5%
Enterprise value$6.34B+44.5%
P/E6.1×-7.5×
P/S2.7×+1.2×

Profitability

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Gross margin24.8%-6.7pp
Operating margin11.3%-9.9pp
Net margin44%+32.8pp

Returns & leverage

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Return on equity33.9%+21.6pp
Debt / equity0.4×-0.1×
Current ratio1.5×-0.3×

FAQ

When did Valaris report Q2 2026 earnings?
Valaris (VAL) reported Q2 2026 earnings on August 5, 2026 after market close.
What were Valaris's Q2 2026 revenue and EPS?
Valaris reported revenue of $539.2M and eps of $0.72 for Q2 2026.
Did Valaris beat estimates in Q2 2026?
Revenue beat the consensus estimate of $488.5M by $50.7M. EPS beat the consensus estimate of $0.31 by $0.41.
How did Valaris's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 12.4% from $615.2M a year earlier and eps declined 55.3% from $1.61.
Where can I find Valaris's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000314808-26-000138) and the 10-Q periodic report (0000314808-26-000141) directly on SEC EDGAR. The filing index links above go to sec.gov.