Valaris Plc engages in the provision of offshore contract drilling services to the international oil and gas industry. It operates its through the following segments: Floaters, Jackups and Others. The Floaters segment includes drill ships and semisubmersible rigs. The Jackups segment offers contract drilling service. The Others segment consists of management services on rigs owned by third-parties. The company was founded on July 3, 1905 and is headquartered in London, the United Kingdom.

Company profile
Ticker
VAL, VAL-WT
Exchange
Website
CEO
Thomas Burke
Employees
Location
Fiscal year end
Industry (SIC)
Former names
ENERGY SERVICE COMPANY INC, ENSCO INTERNATIONAL INC, Ensco International plc, Ensco plc, Ensco Rowan plc, Valaris plc
SEC CIK
Corporate docs
Subsidiaries
Alpha Achiever Company • Alpha Admiral Company • Alpha Archer Company • Alpha Aurora Company • Alpha International Drilling Company S.A.R.L. • Alpha Leasing Drilling Limited • Alpha Mako Company • Alpha Manta Company • Alpha Offshore Drilling (S) Pte. Ltd. • Alpha Offshore Drilling Services Company ...
IRS number
980635229
VAL stock data
News
Valaris Announces Contract Termination For Drillship Valaris DS-11
1 Jun 22
Earnings Scheduled For May 3, 2022
3 May 22
Valaris Earnings Conference Call Is Coming Up, Here's What You Need To Know
21 Apr 22
Valaris Announces Contract And Contract Extensions Awards, With Associated Contract Backlog Of $181M
6 Apr 22
Press releases
North America Uranium Production Expected to Help Meet Worldwide Nuclear Power Needs
7 Jun 22
Valaris Announces New Executive Leadership Position
2 Jun 22
Valaris Announces Contract Termination for Drillship VALARIS DS-11
1 Jun 22
Valaris Announces New Executive Leadership Appointments
26 May 22
Valaris Provides Quarterly Fleet Status Report
2 May 22
Calendar
3 May 22
26 Jun 22
31 Dec 22
Financial summary
Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
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Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 608.2M | 608.2M | 608.2M | 608.2M | 608.2M | 608.2M |
Cash burn (monthly) | 12.13M | 3.88M | 16.63M | 5.95M | (no burn) | (no burn) |
Cash used (since last report) | 34.88M | 11.14M | 47.81M | 17.1M | n/a | n/a |
Cash remaining | 573.32M | 597.06M | 560.39M | 591.1M | n/a | n/a |
Runway (months of cash) | 47.3 | 154.1 | 33.7 | 99.3 | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Jun 22 | Anton Dibowitz | Common Shares | Payment of exercise | Dispose F | No | No | 51.58 | 1,050 | 54.16K | 119,347 |
9 Jun 22 | Deepak Munganahalli | Common Shares | Grant | Acquire A | No | No | 0 | 3,068 | 0 | 25,091 |
9 Jun 22 | Fagerstal Dick | Common Shares | Grant | Acquire A | No | No | 0 | 3,068 | 0 | 25,091 |
9 Jun 22 | James W Swent Iii | Common Shares | Grant | Acquire A | No | No | 0 | 3,068 | 0 | 25,091 |
9 Jun 22 | Elizabeth Leykum | Common Shares | Grant | Acquire A | No | No | 0 | 4,383 | 0 | 32,336 |
Institutional ownership, Q1 2022
76.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 148 |
Opened positions | 49 |
Closed positions | 12 |
Increased positions | 47 |
Reduced positions | 27 |
13F shares | Current |
---|---|
Total value | 13.22B |
Total shares | 57.02M |
Total puts | 99.3K |
Total calls | 232.4K |
Total put/call ratio | 0.4 |
Largest owners | Shares | Value |
---|---|---|
Oak Hill Advisors | 9.41M | $489.18M |
Goldentree Asset Management | 5.92M | $307.9M |
Famatown Finance | 4.65M | $0 |
Lodbrok Capital | 3.86M | $200.48M |
Contrarius Investment Management | 2.39M | $124.06M |
Canyon Capital Advisors | 2.25M | $116.86M |
Exor Investments | 2.09M | $108.39M |
Elliott Investment Management | 1.9M | $98.74M |
Allianz Asset Management GmbH | 1.8M | $93.42M |
Whitebox Advisors | 1.8M | $93.39M |
Financial report summary
?Management Discussion
- Management believes the comparison of the most recently completed quarter to the immediately preceding quarter provides more relevant information needed to understand and analyze the business. As such, as permitted under applicable SEC rules, we have elected to discuss any material changes in our results of operations by including a comparison of our most recently completed fiscal quarter ended March 31, 2022 (the "current quarter") (Successor) to the immediate preceding fiscal quarter ended December 31, 2021 (Successor) (the "preceding quarter"). We also continue to discuss any material changes in our results of operations for the current quarter compared to the corresponding period of the preceding fiscal year (Predecessor) (the "prior year quarter"), as required under the applicable SEC rules.
Content analysis
?Positive | ||
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Litigous | ||
Readability |
H.S. junior Avg
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New words:
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Removed:
accelerated, accepting, activism, administration, aging, al, alleged, amendment, amortize, AOCI, approved, assist, authority, began, borrowed, borrowing, broker, calculating, cancel, caption, chose, comparative, competing, compromise, confirmation, confirmed, constituted, contemplated, convertible, defense, defer, delay, delisting, depended, designate, Detailed, deterioration, development, dinar, DIP, drawn, eligible, Ensco, enterprise, entry, establishment, estate, Euro, exceed, exchangeable, existed, expectation, expenditure, experience, extend, extended, facility, fell, finance, firm, flexibility, frozen, function, glut, gradual, hedged, hierarchy, implementation, infrastructure, initially, integration, intraperiod, Jersey, June, largely, LLC, loan, lowered, Luxembourg, maintained, manage, marketable, MI, modified, navigate, negatively, NYSE, observed, obtained, occasionally, offered, open, opportunity, organizational, original, parent, participate, pertaining, predominantly, present, Pride, private, pro, put, rabbi, range, rata, RCF, reaction, reconcile, recoverability, region, rejecting, remained, remove, removed, remuneration, reorganized, representing, request, reserved, response, retroactively, retrospective, return, reviewed, revolving, Rowan, scrapping, separated, September, SERP, settle, settlement, sharply, shorten, Simplifying, slight, sought, source, spare, spend, stated, stayed, subscription, subsequently, supplemental, suspended, temporarily, test, thereunder, treatment, trust, unamortized, undrawn, uneven, utilized, wake, wealth, wholly
Financial reports
Current reports
8-K
Submission of Matters to a Vote of Security Holders
9 Jun 22
8-K
Departure of Directors or Certain Officers
26 May 22
8-K
Valaris Reports First Quarter 2022 Results
3 May 22
8-K
Regulation FD Disclosure
2 May 22
8-K
Other Events
7 Mar 22
8-K
Valaris Reports Fourth Quarter 2021 Results
22 Feb 22
8-K
Entry into a Material Definitive Agreement
9 Dec 21
8-K
Departure of Directors or Certain Officers
9 Dec 21
8-K
Valaris Reports Third Quarter 2021 Results
2 Nov 21
8-K
Regulation FD Disclosure
27 Oct 21
Proxies
DEFA14A
Additional proxy soliciting materials
26 May 22
DEFA14A
Additional proxy soliciting materials
19 Apr 22
DEFA14A
Additional proxy soliciting materials
26 May 20
DEFA14A
Additional proxy soliciting materials
8 May 20
DEFA14A
Additional proxy soliciting materials
27 Apr 20
DEF 14A
Definitive proxy
27 Apr 20
DEFA14A
Additional proxy soliciting materials
27 Jan 20
DEFA14A
Additional proxy soliciting materials
5 Dec 19
DFAN14A
Additional proxy materials by non-management
4 Dec 19
Other
EFFECT
Notice of effectiveness
15 Mar 22
EFFECT
Notice of effectiveness
20 Jul 21
CORRESP
Correspondence with SEC
14 Jul 21
UPLOAD
Letter from SEC
16 Jun 21
CERT
Certification of approval for exchange listing
30 Apr 21
CERT
Certification of approval for exchange listing
25 Feb 20
CERT
Certification of approval for exchange listing
25 Jan 18
EFFECT
Notice of effectiveness
17 Aug 17
UPLOAD
Letter from SEC
17 Aug 17
CORRESP
Correspondence with SEC
15 Aug 17
Ownership
4
Valaris / Anton Dibowitz ownership change
17 Jun 22
4
Change in insider ownership
13 Jun 22
4
Valaris / Joseph Goldschmid ownership change
13 Jun 22
4
Valaris / Gunnar W. Eliassen ownership change
13 Jun 22
4
Valaris / ELIZABETH LEYKUM ownership change
13 Jun 22
4
Valaris / JAMES W SWENT III ownership change
13 Jun 22
4
Valaris / DICK FAGERSTAL ownership change
13 Jun 22
4
Valaris / Deepak Munganahalli ownership change
13 Jun 22
4
Valaris / Anton Dibowitz ownership change
10 Jun 22
3
Valaris / Gunnar W. Eliassen ownership change
10 Jun 22
Patents
Utility
Automated Pipe Tripping Apparatus and Methods
30 Sep 21
An automated pipe tripping apparatus includes an outer frame and an inner frame.
Utility
Automatic well control
6 Jul 21
A system, includes a first sensor configured to monitor a first characteristic of drilling fluid and generate a first indication based on the monitoring.
Utility
Joint recognition system
13 Apr 21
Techniques and systems to provide automatic positioning of a tripping apparatus.
Utility
Automated pipe tripping apparatus and methods
13 Apr 21
An automated pipe tripping apparatus includes an outer frame and an inner frame.
Utility
Compensated Drill Floor
4 Mar 21
A system includes a first structure configured to be coupled to a tubular string extending to a seafloor, whereby the first structure comprises a drill floor.
Transcripts
2022 Q1
Earnings call transcript
3 May 22
2021 Q4
Earnings call transcript
22 Feb 22
2021 Q3
Earnings call transcript
2 Nov 21
2021 Q2
Earnings call transcript
3 Aug 21
2020 Q1
Earnings call transcript
30 Apr 20
2019 Q4
Earnings call transcript
21 Feb 20
2019 Q3
Earnings call transcript
31 Oct 19
2019 Q2
Earnings call transcript
1 Aug 19
2019 Q1
Earnings call transcript
2 May 19
2018 Q4
Earnings call transcript
28 Feb 19
Reddit threads
DO breaking out
8 Jun 22
My bullish case on RIG
5 Jun 22
Daily Discussion Thread - May 3rd, 2022
3 May 22
Daily Discussion Thread - May 2nd, 2022
2 May 22
Investing in 1 global index fund vs 1 global + 2 additional funds
2 May 22
looking for help making 401k allocation
1 May 22
Pre-market summary - April 7
7 Apr 22
Daily Discussion post - April 02 2022
2 Apr 22
Daily Discussion post - March 31 2022
31 Mar 22
Daily Discussion post - March 25 2022
25 Mar 22