Valaris Stock Gains Aftermarket As Q4 Revenue Tops Estimates: Retail Chatter Rises
Synopsis
The offshore drilling company’s net income more than doubled to $133.7 million, compared to the third quarter.
Valaris Ltd (VAL) stock gained 2.7% after the bell on Wednesday as the company’s fourth-quarter revenue topped Wall Street’s estimates.
The company’s total operating revenue rose to $584.4 million during the quarter ended on Dec. 31, compared with $483.8 million in the year-ago quarter. Analysts, on average, expected the company to post $577.6 million in revenue, according to Koyfin data.
The offshore drilling company’s net income more than doubled to $133.7 million, compared to the third quarter but was lower than its earnings last year when it benefited from favorable income tax gains.
Valaris said revenue in its Floaters segment fell to $328 million from $375 million in the third quarter due to lower utilization of the floater fleet.
Revenue from its Jackups segment fell to $188 million from $193 million in the third quarter, primarily due to lower amortized mobilization revenue associated with one of its rigs.
The company’s capital expenditures rose to $112 million from $82 million in the third quarter, primarily due to higher rig upgrade expenditures.
“The contracting outlook for 2026 and beyond remains strong for high-specification assets, and we are focused on securing attractive, long-term programs for our active rigs,” Valaris CEO Anton Dibowitz said.
During the quarter, the company secured a backlog of $120 million, including a contract extension with TotalEnergies in the UK North Sea.
Valaris also recently sold a 25-year-old jack-up that had been stacked in the U.S. Gulf for five years for $24 million.
In January, the three largest U.S. oilfield services firms Baker Hughes, SLB, and Halliburton had flagged subdued demand for drilling activity in 2025.
Retail sentiment on Stocktwits remained in the ‘neutral’ (47/100) territory, while retail chatter rose to ‘high’ from ‘low’.’
Over the past year, Valaris stock has fallen nearly 32%.
For updates and corrections, email newsroom[at]stocktwits[dot]com.<
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.