VAL Q2 2022 Earnings — Valaris Limited Revenue & Financial Results | Market Cap Arena

VALValaris Limited

$6B

Q2 2022 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$413M+41.0% YoY

Gross Profit

$52M12.5% margin

Operating Income

-$16M-3.8% margin

Net Income

$112M27.0% margin

EPS (Diluted)

$1.48

QoQ Revenue Growth

+29.8%

Cash Flow

Operating Cash Flow

-$115M

Free Cash Flow

-$176M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$2.8B

Total Liabilities

$1.6B

Stockholders' Equity

$1.1B

Cash & Equivalents

$554M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$413M	$293M	+41.0%
Gross Profit	$52M	$34M	+50.1%
Operating Income	-$16M	-$33M	+52.6%
Net Income	$112M	-$3.6B	+103.1%

Revenue Segments

Floaters

$188M36%

Jackups

$186M35%

ARO

$116M22%

Other Segments

$39M7%