Valaris Ltd Stock News

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Valaris, a leading offshore driller, has a strong financial position but faces near-term challenges due to idle rigs and deferred oil company CapEx. Despite reduced 2024 EBITDA guidance, long-term prospects remain positive, with expected offshore oil production growth and potential sector recovery from 2026. Management will provide 2025 guidance with Q4 earnings, potentially presenting a buying...

Valaris Limited (NYSE:VAL ) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants Nick Georgas - Vice President, Treasurer & Investor Relations Anton Dibowitz - President & Chief Executive Officer Matt Lyne - Senior Vice President & Chief Commercial Officer Chris Weber - Senior Vice President & Chief Financial Officer Conference Call Participants Eddie Kim - Barclay...

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today reported third quarter 2024 results. President and Chief Executive Officer Anton Dibowitz said, “We delivered strong operating performance and financial results in the third quarter, including solid free cash flow generation. Our fleetwide revenue efficiency of 98% included a full quarter of opera...

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Schedules Third Quarter 2024 Earnings Release and Conference Call.

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today announced that President and Chief Executive Officer Anton Dibowitz will present at the Barclays CEO Energy-Power Conference in New York City on Tuesday, September 3, 2024, beginning at 1:50 pm EDT. Investor materials to be used during the conference will be available on Valaris' website at www.va...

The energy sector has been the best performer among the 11 sectors of the S&P 500 over the past three years, but investors remain wary of oil and natural-gas producers and the companies that service them.

Valaris reported strong Q2 results, with revenue and adjusted EBITDA hitting multi-year highs. Free cash flow remained negative due to a combination of higher working capital requirements and elevated capital expenditures. Despite the strong Q2 performance, management lowered full-year expectations due to increased near-term idle time for certain rigs and required repairs.