Filing Flows › Valaris (VAL) › Q3 2026
Valaris (VAL) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Valaris (VAL) reported revenue of $594M for the third quarter 2026 (Q3 2026), -0.4% from a year earlier and +10% from the quarter before. Operating margin was 13.7%, net earnings $46.1M (7.8% of revenue).
Valaris, Q3 2026: revenue $594M (-0.4% year over year), operating margin 13.7%, net earnings $46.1M, operating cash flow $67.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $594M | +10% | -0.4% |
| Operating profit | $81.3M | +59% | -38% |
| Net earnings | $46.1M | -9% | -75% |
| Operating cash flow | $67.2M | +413% | -66% |
What changed
Revenue was $593.6M in Q3 2026, roughly flat year over year and up 10% from the previous quarter.
Operating profit was $81.3M, a 13.7% margin (down 8.2 points year over year). Total costs grew 10% against flat revenue. The fastest-growing cost line was Other operating costs (+112%). Net earnings were $46.1M, down 75% year over year. The effective tax rate was 53.9%.
Operating cash flow was $67.2M (down 66% year over year), 144% of net earnings. Non-cash charges added back $10.6M of share-based compensation. Working capital and other items added $9.9M. Capital expenditures of $121.6M exceeded it, leaving free cash flow of −$54.4M.
Questions
What was Valaris' revenue in the third quarter 2026?
Valaris (VAL) reported revenue of $594M for the third quarter 2026 (Q3 2026), -0.4% from a year earlier and +10% from the quarter before.
Was Valaris profitable in the third quarter 2026?
Operating profit was $81.3M (13.7% of revenue) and net earnings $46.1M.
Source: Valaris 10-Q on SEC EDGAR.