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Valaris VAL Jackups Member — Proceeds from disposition of assets
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Where this comes from
Reported directly by Valaris in its filing.
Tagged under the XBRL concept us-gaap:ProceedsFromSaleOfPropertyPlantAndEquipment.
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 May 2026, we entered into an agreement to sell VALARIS 109, a rig within our Jackups segment, for cash proceeds of $34.0 million, subject to certain customary closing conditions. In accordance with this agreement, we received a cash deposit of $3.4 million in June 2026. In July 2026, we completed the sale of VALARIS 109, received the remaining cash proceeds and recognized a pre-tax gain of approximately $31.0 million during the third quarter of 2026.
Item 1.Financial Statements
FAQ
- What is Valaris's jackups member — proceeds from disposition of assets?
- Valaris (VAL) reported jackups member — proceeds from disposition of assets of $1.25M in Q4 2027.
- What does jackups member — proceeds from disposition of assets mean?
- The total cash inflow generated from the sale of drilling rigs or related equipment within the jackup segment. This figure provides insight into the company's capital recycling efforts and its strategy for fleet modernization. High proceeds often signify an active effort to divest older assets to fund newer, more efficient technology.
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