NYSE$VAL
Valaris Limited · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Valaris delivered strong operating performance and financial results, including solid free cash flow generation and share repurchases.
Valaris reported a net income of $63 million and Adjusted EBITDA of $150 million for Q3 2024. The company generated $193 million in cash from operating activities and $111 million of free cash flow, while also repurchasing $100 million of shares. Revenue efficiency remained high at 98%.
- Net income of $63 million and Adjusted EBITDA of $150 million.
- Revenue efficiency of 98%.
- Generated $193 million of cash from operating activities and $111 million of free cash flow.
- Repurchased $100 million of shares.
Headline financials
Revenue & EPS history
Valaris · Revenue · Quarterly
$643M
Revenue by segment
Valaris · $455M total across 3 segments · Q3 2023
- Floaters$243M+20.6%53.5%
- Jackups$166M-15.3%36.5%
- Other$45.9M+15.9%10.1%
Forward guidance
While customer demand has been deferred, the outlook for 2026 and beyond remains robust. Valaris continues to focus on securing attractive, long-term work for its available rig fleet to support earnings and cash flow growth.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
+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 |
|---|---|---|---|---|
| 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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