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Company reports weaker-than-expected fourth quarter results but added further to its backlog. On the conference call, management raised profitability expectations of the year after securing additional work for this year. Discussing prospects for drillship Valaris DS-11' $428 milli...
On February 21, 2022, Valaris Ltd. reported fourth-quarter 2021 results and provided a quarterly fleet status backlog of $2.96 billion, including ARO drilling. Total revenues increased to $305.5 million in 4Q21 from $326.7 million in the preceding quarter. I recommend VAL as a tra...
Valaris Limited (VAL) Q4 2021 Earnings Conference Call February 22, 2022 10:00 ET Company Participants Tim Richardson - Director, Investor Relations Anton Dibowitz - President and Chief Executive Officer Darin Gibbins - Interim Chief Financial Officer and Vice President, Investor Relations an...
The following slide deck was published by Valaris Limited in conjunction with their 2021 Q4 earnings call. For further details see: Valaris Limited 2021 Q4 - Results - Earnings Call Presentation
Valaris (NYSE:VAL) reported Q4 earnings Monday while equity markets were closed, posting ~4c per share in adjusted earnings, against expectations for a 33c loss. Although EBITDA of $2.5m missed Bloomberg consensus estimates of $15.8m. The offshore rig operator acknowledged an improving m...
Valaris reports that a customer decided not to sanction a project with as much as $428 million of backlog for drillship Valaris DS-11. The trend for short-term contracts in the deepwater space, which was discussed in my recent articles on offshore drillers, gets confirmed. Expect ...
Valaris press release (NYSE:VAL): Q4 GAAP EPS of $0.37 beats by $0.98. Revenue of $305.5M (+3.0% Y/Y) misses by $8.2M. Adjusted EBITDA of $3M in the fourth quarter 2021 compared to $30M in the third quarter 2021. Adjusted EBITDAR of $40M in the fourth quarter 2021 compared to $49M in the thir...
Strong Operational Performance – 97% Revenue Efficiency in 4Q 2021 and 98% in FY 2021 Contract Backlog Increased to $2.4 Billion from $1.0 Billion at the Beginning of 2021 Approximately $330 Million of Contract Backlog Added Since Reporting 3Q 2021 Results Four Floater Reac...
Company reported a weaker-than-expected fourth quarter but revealed an estimated $700 million contract extension with Exxon Mobil offshore Guyana. Dayrates in the U.S. Gulf of Mexico has increased to new recovery highs on limited high-specification drillship availability. Outlook for ...
Transocean reports new contracts. All of them are short-term jobs. Recent reports from Valaris also highlighted the short-term nature of new jobs, and it may be a trend for this year. While oil is at multi-year highs, Transocean stock may need more catalysts to continue its upside...
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Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") will hold its second quarter 2024 earnings conference call at 9:00 a.m. CDT (10:00 a.m. EDT) on Thursday, August 1, 2024. The earnings release will be issued before the New York Stock Exchange opens that morning. The conference call wil...
2024-06-25 09:16:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-06-16 14:58:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...