Valaris VAL Reduced Contingent Contributions To Joint Venture
Reduced Contingent Contributions To Joint Venture at other companies
Other financials
Where this comes from
Reported directly by Valaris in its filing.
Tagged under the XBRL concept val:CurrentCommitmentToAROForNewbuildRigsAfterDeliveryOfNB1AndNB2.
The source filing: Valaris’s 10-Q, filed August 6, 2026.
- Filed
- Aug 6, 2026, 8:32 AM EDT
- Fiscal quarter
- Q4 FY2027
- Calendar quarter
- Q4 2027
- Accession
- 0000314808-26-000141
In the event ARO has insufficient cash or is unable to obtain third-party financing, each partner may periodically be required to make additional capital contributions to ARO, up to a maximum aggregate contribution of $1.25 billion from each partner to fund the newbuild program. Beginning with the delivery of the second newbuild, each partner's commitment is reduced by the lesser of the actual cost of each newbuild rig or $250.0 million, on a proportionate basis. Following the delivery of Kingdom 2, our commitment to fund the newbuild program has been reduced to $1.1 billion.
Item 1.Financial Statements
FAQ
- What is Valaris's reduced contingent contributions to joint venture?
- Valaris (VAL) reported reduced contingent contributions to joint venture of $1.1B in Q2 2026.
- How has Valaris's reduced contingent contributions to joint venture changed year-over-year?
- Valaris's reduced contingent contributions to joint venture decreased by 0.0% year-over-year, from $1.1B to $1.1B.
- What does reduced contingent contributions to joint venture mean?
- Reduced Contingent Contributions To Joint Venture as reported by Valaris Limited.
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