Valaris Limited filed its quarterly report on Form 10-Q with the U.S. Securities and Exchange Commission on August 6, 2026, covering the quarterly period ended June 30, 2026.

Key Highlights

  • Share count: As of July 30, 2026, there were 69,435,807 Common Shares outstanding.
  • Exchange listings: Common Shares trade under ticker VAL and warrants to purchase Common Shares trade under ticker VAL WS, both on the New York Stock Exchange.
  • Filer status: Valaris is classified as a large accelerated filer for the period covered by this report.
  • Pending transaction: The filing references a pending business combination with Transocean Ltd., which Valaris describes as subject to numerous risks and uncertainties.
  • Par value: Common Shares carry a par value of $0.01 per share.
  • Jurisdiction: Valaris Limited is incorporated in Bermuda, with principal executive offices located at Richmond House, 12 Par-la-Ville Road, Hamilton, Bermuda.

Valaris Q2 2026 Quarterly Report: Key Disclosures and Business Context

Valaris Limited (NYSE: VAL, NYSE: VAL WS) submitted its quarterly report for the period ended June 30, 2026, as required under Section 13 or 15(d) of the Securities Exchange Act of 1934. According to the filing, the company confirmed it has filed all required reports during the preceding 12 months and has submitted all required Interactive Data Files electronically, as indicated by the checked affirmations on the cover page.

A notable disclosure in the filing is the pending business combination with Transocean Ltd. The company's forward-looking statements section identifies this transaction as a key area of uncertainty, noting risks including the ability to complete the combination "as timely as expected or at all," disruptions to relationships with third parties and employees, and the significant management time and resources being devoted to the effort. The company cautions that actual results may vary materially from forward-looking statements due to these and other factors.

The filing also identifies a range of operational and market risks, including changes in worldwide rig supply and demand, general economic conditions such as inflation and tariff policy changes, cybersecurity threats, and the potential for customers to cancel or renegotiate drilling contracts. The company also references its joint venture with Saudi Arabian Oil Company, known as ARO, and notes forward-looking expectations around newbuild rig deliveries within that arrangement. All forward-looking statements in the filing are the company's own and are subject to its cautionary language as described in the document.

What Was Disclosed

Valaris Limited filed its Form 10-Q for the quarter ended June 30, 2026, disclosing 69,435,807 shares outstanding as of July 30, 2026, its large accelerated filer status, and a pending business combination with Transocean Ltd. subject to described risks and uncertainties.