Valaris: Good Quarter, But Near-Term Outlook Disappoints - Buy

Anastasia Yakovleva Valaris - Actual Results vs. Guidance Q2/2024 Q1/2024 Guidance Actual Guidance Actual 490-500 525 580-600 610 Revenue Contract Drilling Expenses 430-440 445 460-470 439 General & Administrative Expenses 27 27 30 33 Capital Expenditures 145-155 151 100-110 110 Adjusted EBITDA 30-40 54 85-105 139 Note: Valaris Limited (NYSE: VAL) has been covered by me previously, so investors should view this as an update to my earlier articles on the company. Two weeks ago, leading offshore driller Valar ...