NYSE$VAL
Valaris Limited · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Reported second quarter 2021 results and emerged from restructuring with net cash position.
Valaris Limited reported second quarter 2021 results, emerging from chapter 11 on April 30, 2021, with a strengthened capital structure and over $1.3 billion in contract backlog. The company is beginning to see early signs of recovery in customer demand.
- Valaris emerged from chapter 11 with a significantly strengthened capital structure, including a net cash position and $550 million of debt due in 2028.
- Customers awarded Valaris more than 20 new contracts or extensions with associated contract backlog totaling over $1.3 billion.
- The company is beginning to see early signs of a recovery in customer demand following the downturn caused by the COVID-19 pandemic.
- Valaris is well-positioned to benefit from the opportunities in the market, focusing on winning work for the active fleet and returning stacked rigs to work.
Headline financials
Revenue & EPS history
Valaris · Revenue · Quarterly
$203M
Revenue by segment
Valaris · $293M total across 3 segments · Q2 2021
- Jackups$188M—64.2%
- Floaters$68.1M—23.2%
- Other$36.7M—12.5%
Forward guidance
Valaris is focusing on winning work for its active fleet and returning high-quality stacked rigs to work as opportunities arise. The company is well-positioned to benefit from a recovery in customer demand.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2021
+0.2%
Avg return
Earnings day
-3.1%
Avg return
5 days after
+0.6%
Avg return
30 days after
55%
11 / 20 earnings
Positive
+11.9%
Q1 2022
Best reaction
-9.0%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2026 | +0.0% | -7.2% | -9.3% | |
| Q4 2025 | +3.3% | +1.8% | +0.0% | |
| Q3 2025 | +2.3% | -3.1% | -0.1% | |
| Q1 2025 | +3.5% | -24.7% | -9.4% | |
| Q4 2024 | -4.4% | -8.7% | -11.5% | |
| Q3 2024 | +4.3% | +2.5% | -4.8% | |
| Q2 2024 | -4.9% | -17.1% | -21.1% | |
| Q1 2024 | -0.0% | +8.8% | +19.0% | |
| Q4 2023 | +8.8% | +5.1% | +16.7% | |
| Q3 2023 | -5.4% | -0.8% | -6.0% | |
| Q2 2023 | -2.4% | -0.7% | -1.9% | |
| Q1 2023 | -5.2% | -4.9% | -3.8% | |
| Q4 2022 | -9.0% | -11.6% | -15.2% | |
| Q3 2022 | -3.2% | -3.7% | +1.6% | |
| Q2 2022 | +1.5% | -4.1% | +1.6% | |
| Q1 2022 | +11.9% | +12.8% | +21.8% | |
| Q4 2021 | +0.1% | -1.4% | +25.1% | |
| Q3 2021 | +1.2% | -0.9% | -13.9% | |
| Q4 2020 | -0.0% | -1.0% | +14.9% | |
| Q2 2021 | +1.1% | -4.1% | +8.5% | |
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