Valaris reports first quarter 2021 results 28 Apr 2021 Valaris, the industry leader in offshore drilling services across all water depths and geographies, has reported a net loss attributable to the Company of $910 million, or $4.56 per share, for the first quarter 2021 compared to a net loss of $71 million, or $0.36 per share, in the fourth quarter 2020. The Company reported adjusted EBITDA of $28 million in the first quarter 2021 compared to negative $10 million in the fourth quarter 2020,and an adjusted loss of $0.39 per share in the first quarter 2021 versus an adjusted loss of $0.65 per share in the prior quarter. Chief Executive Officer and President Tom Burke said: