Valaris Schedules Fourth Quarter 2024 Earnings Release and Conference Call

Valaris Limited (NYSE: VAL), a leading provider of offshore drilling services, has announced the schedule for its fourth quarter 2024 earnings release and conference call. The earnings release will be issued before the New York Stock Exchange opens on Thursday, February 20, 2025. The conference call will take place at 9:00 a.m. CST (10:00 a.m. EST) on the same day.

The conference call will be webcast live at www.valaris.com, and participants can also dial in using the following numbers: +1-855-239-3215 within the United States or +1-412-542-4130 from outside the U.S. It is recommended that participants call 10 minutes prior to the scheduled start time.

A webcast replay and transcript of the call will be available on the Company’s website. A replay will also be accessible through March 20, 2025, by dialing +1-877-344-7529 within the United States or +1-412-317-0088 from outside the U.S., using conference ID 1925274.

Valaris uses its website to disclose material and non-material information to investors, customers, employees, and others interested in the Company. To receive regular updates on Valaris news or SEC filings, please sign up for Email Alerts on the Company’s website.

Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles, and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin. Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a focus on technology and innovation. Valaris Limited is a Bermuda exempted company (Bermuda No. 56245). To learn more, visit our website at www.valaris.com.

In the first quarter of 2024, Valaris reported strong safety and operational performance, with a fleetwide revenue efficiency of 97%. The Company also secured new contracts and extensions, with an associated contract backlog of over $520 million, including a multi-year contract offshore Angola for VALARIS 144 at a leading-edge day rate for a benign environment jackup. Valaris remains focused on securing work for the remaining available days across its fleet in 2024 and preparing VALARIS DS-7 for its expected contract startup in the second quarter. The Company continues to execute its growth strategy by securing new contracts at significantly higher day rates and building its contract backlog, which has increased over each of the past six consecutive quarters. Valaris sees strong customer demand for work that is expected to commence in 2025 and 2026, highlighting the longevity of this upcycle. The Company is focused on securing attractive contracts that support its anticipated earnings and cash flow growth over the next few years and intends to return all future free cash flow to shareholders unless there is a better or more value accretive use for it.