文章核心观点 - 瓦拉里斯有限公司(Valaris Limited)在第一季度的业绩超出预期,主要得益于收入效率的改善[1][2] - 公司的调整后EBITDA和资本支出以及一般管理费用都符合预期[2] - 公司的自由现金流在2025年及以后将会大幅增加,公司计划将未来所有自由现金流返还给股东[5] - 公司的合同订单总额创下新高,达到40亿美元,主要是客户行使了一些钻井船和自升式钻机的价格选择权[6][7][8] - 公司还获得了一份价值2.59亿美元的美国墨西哥湾平台管理合同延期3年,以及一份价值约19万美元每天的安哥拉标准自升式钻机合同,这是近年来标准自升式钻机获得的最高日费率之一[7][8] - 不过,公司也面临一些挑战,如VALARIS 144号自升式钻机在开始新合同前将有几个月的空闲时间,VALARIS 92号自升式钻机也将在2025年第一季度停工,以及沙特阿美终止了VALARIS 143号自升式钻机的裸船租赁合同[9][10][11] 行业和公司展望 - 公司预计2025年及以后将实现大幅的收益和现金流增长[5][20][21] - 浮式钻机市场持续改善,预计未来几年上游资本支出和海上最终投资决定将强劲增长[17][18] - 新签合同的平均期限超过2年,这表明行业正处于持续的上升周期[18] - 不过,沙特阿美暂停22台自升式钻机可能会在短期内给自升式钻机市场的日费率带来一些压力[19] - 公司预计2025年将是行业所有主要参与者收益拐点的一年[20]

Valaris Limited (NYSE:VAL) Q1 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Nick Georgas - Vice President, Treasurer and Investor Relations Anton Dibowitz - President and Chief Executive Officer Matt Lyne - Senior Vice President and Chief Commercial Officer Chris Weber - Senior Vice President and Chief Financial Officer Conference Call Participants Greg Lewis - BTIG Eddie Kim - Barclays Fredrik Stene - Clarksons Platou Securities Kurt Hallead - Benchmark Doug Becker - Capital On ...

Include significant upfront payments from customers VALARIS Significant earnings potential and cash flow from Valaris fleet | --- | --- | --- | --- | --- | --- | |-------|----------------------|-------------------------------------------|----------|----------|----------| | | with Future Contract | Illustrative Scenario | A | B | C | | 13 | 10 | Drillship Day Rates | $400K | $450K | $500K | | 5 | 3 | Benign Semisubmersible Day Rates | $300K | $350K | $400K | | 12 | 9 | HD Harsh Environment Jackup Day Rates 2 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to__________ Commission File Number 1-8097 Valaris Limited (Exact name of registrant as specified in its charter) (State or other jurisdiction of i ...

www.valaris.com Press Release Valaris Reports First Quarter 2024 Results Hamilton, Bermuda, May 1, 2024… Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today reported first quarter 2024 results. President and Chief Executive Officer Anton Dibowitz said, "I am very pleased with our start to 2024 as we delivered strong safety and operational performance during the first quarter as evidenced by fleetwide revenue efficiency of 97%. Our financial results also benefited from more operating days for our ...

Valaris Limited (NYSE:VAL) Q4 2023 Results Conference Call February 22, 2024 10:00 AM ET Company Participants Darin Gibbins - Vice President, Investor Relations & Treasurer Anton Dibowitz - President and CEO Matt Lyne - Senior Vice President, COO Chris Weber - Chief Financial Officer Conference Call Participants David Smith - Pickering Energy Advisors Eddie Kim - Barclays Fredrik Stene - Clarksons Platou Securities Greg Lewis - BTIG Kurt Hallead - Benchmark Operator Good day, and welcome to the Valaris Four ...

www.valaris.com Press Release • Net income of $829 million (including tax benefit of $790 million), Adjusted EBITDA of $58 million and Adjusted EBITDAR of $96 million; • Delivered revenue efficiency of 93% during the quarter and 96% for the year; • VALARIS DS-8 commenced a contract offshore Brazil late in the quarter, following its reactivation; • VALARIS 110 received TotalEnergies' and North Oil Company's global jackup Rig of the Year award; • Awarded new contracts and extensions with associated contract b ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-8097 Valaris Limited (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organizati ...

Valaris Limited (NYSE:VAL) Q3 2023 Earnings Conference Call November 7, 2023 10:00 AM ET Company Participants Darin Gibbins - Vice President, Investor Relations & Treasurer Anton Dibowitz - President & Chief Executive Officer Matt Lyne - Senior Vice President, CCO Chris Weber - Senior Vice President & Chief Financial Officer Conference Call Participants Eddie Kim - Barclays Kurt Hallead - Benchmark David Smith - Pickering Energy Partners Operator Good day, and welcome to the Valaris Third Quarter 2023 Resul ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: +44 (0) 20 7659 4660 Securities registered pursuant to Section 12(b) of the Act: ...