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Valaris Ltd (NYSE:VAL), a $3.6 billion market cap offshore drilling contractor, filed a Form 8-K with the Securities and Exchange Commission on Thursday, providing its Fleet Status Report as of July 24, 2025. According to the filing, the report was submitted as Exhibit 99.1 and contains information about the company’s fleet as of that date. The company maintains strong financial health with an overall score of GREAT according to InvestingPro metrics.
The filing states that the Fleet Status Report has been furnished for informational purposes and is not considered "filed" under Section 18 of the Securities Exchange Act of 1934. No other financial statements, material events, or additional disclosures were included in the 8-K filing. Trading at $50.70 with a 14.6% year-to-date return, InvestingPro analysis suggests the stock is currently undervalued.
Valaris Ltd is incorporated in Bermuda and is listed on the New York Stock Exchange under the ticker symbol VAL. The company also lists warrants to purchase common shares under the symbol VAL WS.
This information is based on a statement from the company’s recent SEC filing.
In other recent news, Valaris Limited reported strong financial results for the first quarter of 2025, with total revenues reaching $621 million, up from the previous quarter’s $584 million. Despite a net loss of $39 million, the company achieved an adjusted net income of $128 million, indicating solid operational performance. Additionally, Valaris secured two significant offshore drilling contracts with Anadarko Petroleum (NYSE:APC) Corporation, adding approximately $760 million to its revenue backlog. These contracts include a 940-day extension for drillship VALARIS DS-16 and a new 914-day contract for VALARIS DS-18. Furthermore, Valaris announced a $135 million contract for a five-well drilling project offshore West Africa, highlighting the company’s expansion in this region. This contract involves upgrading the drillship with advanced technology, reinforcing Valaris’s market position. In corporate governance news, Valaris shareholders approved board and auditor appointments at the 2025 Annual General Meeting. These developments reflect Valaris’s strategic efforts to strengthen its market presence and financial stability.
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