What is Valaris's reduced contingent contributions to joint venture?

Valaris (VAL) reported reduced contingent contributions to joint venture of $1.1B in Q1 2026.

Valaris VAL Reduced Contingent Contributions To Joint Venture

Revenue$465.4M-25.0%

Gross profit$92.0M-55.3%

Operating income$20.0M-86.0%

Net income-$16.4M+56.7%

EPS (diluted)-$0.24+54.7%

Cash & equivalents$595.4M+31.2%

Total debt$1.2B-0.7%

Total equity$3.2B+43.2%

Total assets$5.4B+22.3%

Operating cash flow$75.0M-51.9%

CapEx$100.9M+0.7%

Free cash flow-$25.9M-146%

Market cap$5.44B+143%

Gross margin28.3%-1.3pp

Operating margin16%-3.0pp

Net margin45.4%+32.8pp

FCF margin-31.2%—

Return on equity37.4%+22.8pp

Debt / equity0.4×-0.2×

Current ratio1.5×-0.1×

Reported directly by Valaris in its filing.

Tagged under the XBRL concept val:CurrentCommitmentToAROForNewbuildRigsAfterDeliveryOfNB1AndNB2.

The official record: Valaris’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

What is Valaris's reduced contingent contributions to joint venture?: Valaris (VAL) reported reduced contingent contributions to joint venture of $1.1B in Q1 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.