Looking at this filing, I need to extract the key financial data from this 10-Q for Valaris Limited. Let me work through what the filing actually states and build the article from confirmed facts only. The filing covers the quarterly period ended September 30, 2026, filed around November 3, 2026. The ticker is VAL on the New York Stock Exchange (NYSE:VAL). Warrants trade as VAL WS also on NYSE. Shares outstanding as of October 29, 2026: 69,443,058. The filing mentions a pending business combination with Transocean Ltd. The company is a large accelerated filer incorporated in Bermuda. The filing content provided is primarily the cover page, table of contents, and forward-looking statements section. The actual financial statements and MD&A are referenced but not included in the extracted text. I will report only what is confirmed in the text provided.

Valaris Limited (NYSE:VAL) filed its quarterly report on Form 10-Q for the period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 3, 2026.

Key Highlights

  • Shares outstanding: As of October 29, 2026, Valaris had 69,443,058 common shares outstanding.
  • Securities listed: Common shares (VAL) and warrants to purchase common shares (VAL WS) are both registered on the New York Stock Exchange.
  • Large accelerated filer: The company confirmed its status as a large accelerated filer for the quarter.
  • Pending business combination: The filing references a pending business combination with Transocean Ltd., described as subject to risks including the ability to complete it "as timely as expected or at all."
  • Jurisdiction and par value: Common shares carry a $0.01 par value and the company is incorporated in Bermuda.
  • Commission File Number: The filing carries Commission File Number 1-8097.

Valaris Q3 2026 Quarterly Filing: Key Disclosures and Business Combination Context

Valaris Limited, an offshore contract drilling company incorporated in Bermuda and headquartered at Richmond House, 12 Par-la-Ville Road, Hamilton, Bermuda, submitted its Form 10-Q for the quarterly period ended September 30, 2026. The filing covers the three and nine months ended September 30, 2026, with comparative periods for 2025, according to the document's table of contents, which references condensed consolidated statements of operations, balance sheets, and cash flows.

A notable disclosure throughout the filing's forward-looking statements section is the reference to a pending business combination with Transocean Ltd. The filing identifies this transaction as a source of risk, stating that forward-looking statements include "our expectations regarding the timing, completion and anticipated benefits of the pending business combination" with Transocean Ltd. The company's cautionary language notes risks including the ability to complete the business combination, potential disruptions to relationships with employees and third parties, and "negative publicity or legal proceedings related to the Business Combination."

The filing also identifies a range of other operational risk factors, including changes in worldwide rig supply and demand, cybersecurity incidents, customer contract cancellations or renegotiations, and general economic conditions including "recessions, inflation, volatility affecting the banking system and financial markets, changing tariff and tax policies." The company noted operations in connection with a joint venture with Saudi Arabian Oil Company ("Saudi Aramco"), referred to as ARO, including references to newbuild rig delivery timing. All forward-looking statements in the filing are the company's own and are subject to its stated cautionary language.

What Was Disclosed

Valaris Limited filed its Form 10-Q for the quarter ended September 30, 2026, reporting 69,443,058 common shares outstanding as of October 29, 2026, confirming large accelerated filer status, and disclosing a pending business combination with Transocean Ltd. subject to multiple described risks.