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Borr Drilling LimitedNYSE: BORR

Profile

Sector:

Energy

Country:

Bermuda

IPO:

30 July 2019

Next earnings report:

28 February 2025

Last dividends:

22 August 2024

Next dividends:

29 November 2024
$1.00 B
-54%vs. 3y high
39%vs. sector
-97%vs. 3y high
47%vs. sector
-58%vs. 3y high
29%vs. sector
-76%vs. 3y high
39%vs. sector

Price

after hours | Wed, 20 Nov 2024 00:59:25 GMT
$3.99-$0.10(-2.41%)
$241.60 M$251.28 M
$241.60 M$9.70 M

Analysts recommendations

Institutional Ownership

BORR Latest News

Borr Drilling - Update on Share Repurchase Program
prnewswire.com20 November 2024 Sentiment: -

HAMILTON, Bermuda , Nov. 20, 2024 /PRNewswire/ -- Borr Drilling Limited ("Borr Drilling" or the "Company") (NYSE: BORR) (OSE: BORR) initiated a share repurchase program on November 12, 2024 to repurchase USD 10 million of the Company's common shares in open market transactions ("the First Tranche") on the OSE and NYSE until no later than November 30, 2024 pursuant to an agreement with DNB Markets, a part of DNB Bank ASA ("DNB Markets"). This was the initial step under the Board of Directors authorized commitment to repurchase $20 million worth of shares before the end of 2024.

Borr Drilling Limited - Temporary Suspension Notice
prnewswire.com19 November 2024 Sentiment: NEGATIVE

HAMILTON, Bermuda , Nov. 19, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) has received a notice of temporary suspension of operation for its rig "Arabia II", operating in Saudi Arabia. The temporary suspension will be for a period of up to 12 months.

Borr Drilling Limited - Notification of PDMR transaction
prnewswire.com11 November 2024 Sentiment: NEUTRAL

HAMILTON, Bermuda , Nov. 11, 2024 /PRNewswire/ -- Drew Holdings Ltd., a close associate of Mr.

Borr Drilling Limited (BORR) Q3 2024 Earnings Call Transcript
seekingalpha.com09 November 2024 Sentiment: POSITIVE

Borr Drilling Limited (NYSE:BORR ) Q3 2024 Earnings Conference Call November 7, 2024 9:00 AM ET Company Participants Patrick Schorn - Chief Executive Officer Magnus Vaaler - Chief Financial Officer Bruno Morand - Chief Commercial Officer Conference Call Participants Truls Olsen - Fearnley Securities Fredrik Stene - Clarksons Securities Chris Lee - Evercore ISI Patrick Schorn Good morning and thank you for participating in the Borr Drilling Third Quarter Earnings Call. I'm Patrick Schorn and with me here in Bermuda today, following the Borr Drilling Board meeting, is Bruno Morand, our Chief Commercial Officer; and Magnus Vaaler, our Chief Financial Officer.

Borr Drilling Limited - Q3 2024 Presentation
prnewswire.com07 November 2024 Sentiment: NEUTRAL

HAMILTON, Bermuda, Nov. 7, 2024 /PRNewswire/ -- Please find enclosed the presentation of Borr Drilling Limited's third quarter 2024 results to be held on the webcast/conference call at 15:00 CET (9:00 AM New York time) on November 7, 2024.  In order to listen to the presentation, you may do one of the following: Webcast  To access the webcast, please go to the following link: https://edge.media-server.com/mmc/p/fcm3dyij  Conference Call Please use this link to register for the conference call, https://register.vevent.com/register/BIea4864aaf4d64820b9752cb43cff5bf1 Participants will then receive dial-in details on screen and via email and can then choose to dial in with their unique pin or select "Call me" and provide telephone details for the system to link them automatically.

Borr Drilling Limited - Grant of Restricted Stock Units
prnewswire.com06 November 2024 Sentiment: POSITIVE

HAMILTON,  Bermuda , Nov. 6, 2024 /PRNewswire/ -- The Board of Directors of Borr Drilling Limited (the "Company") (OSE and NYSE "BORR") informs that it has resolved to grant 136,612 Restricted Stock Units (each, a "RSU") to its Directors. Each RSU represents one share in the Company.

Borr Drilling Limited Announces Third Quarter 2024 Results
prnewswire.com06 November 2024 Sentiment: NEUTRAL

HAMILTON, Bermuda , Nov. 6, 2024 /PRNewswire/ -- Borr Drilling Limited ("Borr", "Borr Drilling" or the "Company") announces unaudited results for the three and nine months ended September 30, 2024. Highlights Total operating revenues of $241.6 million, a decrease of $30.3 million or 11% compared to the second quarter of 2024 Net income of $9.7 million, a decrease of $22.0 million or 69% compared to the second quarter of 2024 Adjusted EBITDA of $115.5 million, a decrease of $20.9 million or 15% compared to the second quarter of 2024 Year to date of report, the Company has been awarded seventeen new contract commitments, representing 4,129 days and $731 million of potential contract revenue On November 6, 2024, the Board declared a cash distribution of $0.02 per share ($4.8 million) for the third quarter of 2024 to be paid on or about December 16, 2024, and committed to buy back $20 million worth of shares before year end 2024, equalling a total shareholder return of $25 million, an amount in line with previous quarters CEO, Patrick Schorn commented: "The operational performance in the third quarter was solid, with a technical utilization rate of 98.7% and an economic utilization rate of 96.9%.

Borr Drilling: Back Into Value Territory After The Sell-Off
seekingalpha.com05 November 2024 Sentiment: POSITIVE

The stock has declined over 40% year-to-date, impacted by Saudi Aramco's decision to halt production increases and release jackup rigs. The long-term investment thesis remains intact, supported by discounted valuation, future free cash flow visibility, and strong fundamentals for the jackup market. The stock is now in value territory, presenting a solid buy-the-dip opportunity with a conspicuous margin of safety.

Borr Drilling Limited - Announcing Voluntary Delisting from Oslo Stock Exchange
prnewswire.com01 November 2024 Sentiment: NEGATIVE

HAMILTON, Bermuda , Nov. 1, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE & OSE: BORR) today announced that Euronext Oslo Stock Exchange ("OSE") has approved the Company's application for delisting, following an affirmative shareholder vote at the Company's Special General Meeting in October 2024. The Company's shares will be delisted from OSE as of 31 December 2024.

Borr Drilling Limited - Announces Pricing of Offering of Additional 10.375% Senior Secured Notes due 2030 For Gross Proceeds of $175 million
prnewswire.com25 October 2024 Sentiment: POSITIVE

HAMILTON, Bermuda , Oct. 25, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) announced today that its wholly-owned subsidiary Borr IHC Limited has priced an offering of additional 10.375% senior secured notes due 2030 (the "Additional Notes") for gross proceeds of approximately $175 million. The Additional Notes will have the same terms and conditions as the existing $515 million aggregate principal amount of senior secured notes due 2030.

What type of business is Borr Drilling Limited?

Borr Drilling Limited operates as an offshore shallow-water drilling contractor to the oil and gas industry worldwide. The company owns, contracts, and operates jack-up drilling rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production. It serves oil and gas exploration and production companies, such as integrated oil companies, state-owned national oil companies, and independent oil and gas companies. The company was formerly known as Magni Drilling Limited and changed its name to Borr Drilling Limited in December 2016. Borr Drilling Limited was incorporated in 2016 and is based in Hamilton, Bermuda.

What sector is Borr Drilling Limited in?

Borr Drilling Limited is in the Energy sector

What industry is Borr Drilling Limited in?

Borr Drilling Limited is in the Oil & Gas Drilling industry

What country is Borr Drilling Limited from?

Borr Drilling Limited is headquartered in Bermuda

When did Borr Drilling Limited go public?

Borr Drilling Limited initial public offering (IPO) was on 30 July 2019

What is Borr Drilling Limited website?

https://borrdrilling.com

Is Borr Drilling Limited in the S&P 500?

No, Borr Drilling Limited is not included in the S&P 500 index

Is Borr Drilling Limited in the NASDAQ 100?

No, Borr Drilling Limited is not included in the NASDAQ 100 index

Is Borr Drilling Limited in the Dow Jones?

No, Borr Drilling Limited is not included in the Dow Jones index

When was Borr Drilling Limited the previous earnings report?

No data

When does Borr Drilling Limited earnings report?

The next expected earnings date for Borr Drilling Limited is 28 February 2025