v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
    Cash and cash equivalents $ 541.2 $ 599.4
    Accounts receivable, net 458.1 474.8
Assets held for sale 2.0 6.4
    Other current assets 197.4 144.7
Total current assets 1,198.7 1,225.3
PROPERTY AND EQUIPMENT, AT COST 2,826.8 2,598.3
    Less accumulated depreciation 593.0 509.5
       Property and equipment, net 2,233.8 2,088.8
LONG-TERM NOTES RECEIVABLE FROM ARO 357.2 345.0
INVESTMENT IN ARO 139.2 121.8
DEFERRED TAX ASSETS 1,345.3 1,364.2
OTHER ASSETS 174.2 159.7
Assets, Total 5,448.4 5,304.8
CURRENT LIABILITIES    
Accounts payable - trade 416.0 348.2
Accrued liabilities and other 358.8 343.4
Total current liabilities 774.8 691.6
LONG-TERM DEBT 1,087.6 1,086.0
DEFERRED TAX LIABILITIES 31.5 29.7
OTHER LIABILITIES 336.7 325.8
Liabilities, Total 2,230.6 2,133.1
COMMITMENTS AND CONTINGENCIES (Note 11)
VALARIS SHAREHOLDERS' EQUITY    
Common Shares, $0.01 par value, 700.0 shares authorized, 76500000 and 76400000 shares issued, 69300000 and 69200000 shares outstanding as of June 30, 2026 and December 31, 2025, respectively 0.8 0.8
Preference shares, $0.01 par value, 150.0 shares authorized, no shares issued as of June 30, 2026 and December 31, 2025 0.0 0.0
Stock warrants 16.4 16.4
Additional paid-in capital 1,149.0 1,134.9
Retained earnings 2,415.7 2,381.7
Accumulated other comprehensive income 63.9 60.9
Treasury shares, at cost, 7.2 shares as of June 30, 2026 and December 31, 2025 (425.1) (425.1)
Total Valaris shareholders' equity 3,220.7 3,169.6
NONCONTROLLING INTERESTS (2.9) 2.1
Total shareholders' equity 3,217.8 3,171.7
Total liabilities and shareholders' equity $ 5,448.4 $ 5,304.8