Borr Drilling Ltd

Borr Drilling Ltd. engages in the provision of offshore drilling services to the oil and gas industry. It operates through Dayrate; and Integrated Well Services (IWS) segments. The Dayrate segment consists of rig charters and ancillary services. The IWS segment provides integrated well services through Opex and Akal. The company was founded by Tor Olav Trøim on August 8, 2016 and is headquartered in Hamilton, Bermuda.

Earnings data Q4 2020

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HAMILTON, Bermuda , May 23, 2024 /PRNewswire/ -- Borr Drilling Limited ("Borr", "Borr Drilling" or the "Company") announces unaudited results for the three months ended March 31, 2024. Highlights Total operating revenues of $234.0 million, an increase of $13.4 million or 6% compared to the fourth quarter of 2023.

Borr Drilling Limited Announces First Quarter 2024 Results

HAMILTON, Bermuda , May 23, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) and (OSE: BORR) today announces that the Company's Board of Directors has approved a cash distribution of paid-in capital of US$0.10 per share for the first quarter of 2024. Note to shareholders registered in Euronext VPS, the Norwegian Central Security Depository: Due to implementation of the Central Securities Depository Regulation (CSDR) in Norway, please note the information regarding the payment date for the shares registered in Euronext VPS below.

Borr Drilling Limited - Dividend declaration and key information relating to the cash distribution for the first quarter 2024

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HAMILTON, Bermuda , May 15, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE and OSE: BORR) plans to release its financial results for the first quarter 2024 on Thursday, May 23, 2024. A conference call and webcast is scheduled for 15:00 CEST (9:00 AM New York Time) and participants are encouraged to dial in 10 minutes before the start of the call.

Borr Drilling Limited - Invitation to webcast and conference call Q1 2024 results

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HAMILTON, Bermuda , April 4, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) has today received a notice of temporary suspension of operations for its rig "Arabia I", operating in Saudi Arabia. The temporary suspension will be for a period of up to 12 months, and is expected to commence in the second quarter.

Borr Drilling Limited - Contracting update

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Borr Drilling benefits from strong demand for shallow-water drilling and a constrained supply of jackup rigs. The recent sell-off triggered by Saudi Aramco's announcement does not change the fundamentals of the jackup market. BORR's stable business model and increasing dayrates position it for significant earnings growth and potential high dividend yields in the future.

Borr Drilling: Fundamentals Remain Strong

HAMILTON, Bermuda , March 6, 2024 /PRNewswire/ -- Drew Holdings Ltd., a close associate of Mr.

Borr Drilling Limited - Notification of PDMR transaction

HAMILTON, Bermuda , Feb. 27, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE and OSE: BORR) announced today that its wholly-owned subsidiary Borr IHC Limited has priced an offering of an additional $200 million in aggregate principal amount of 10.000% senior secured notes due 2028 (the "Additional Notes"). The Additional Notes will have the same terms and conditions as the $1,025,000,000 aggregate principal amount of senior secured notes due 2028, which were issued on November 7, 2023 (the "Original 2028 Notes").

Borr Drilling Limited - Announces Pricing of Additional $200 Million Offering of 10.000% Senior Secured Notes due 2028

HAMILTON, Bermuda , Feb. 22, 2024 /PRNewswire/ -- Please find enclosed the presentation of Borr Drilling Limited's fourth quarter 2023 results to be held on the webcast/conference call at 15:00 CET (9:00 AM New York time) on February 22, 2024.  In order to listen to the presentation, you may do one of the following: a)  Webcast To access the webcast, please go to the following link: https://edge.media-server.com/mmc/p/3eaywjys b)   Conference Call Please use this link to register for the conference call, https://register.vevent.com/register/BIa39b9c1337044c06a101dd1639ceb3ad 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 - Q4 2023 Presentation

HAMILTON, Bermuda , Feb. 22, 2024 /PRNewswire/ --Borr Drilling Limited ("Borr", "Borr Drilling" or the "Company") announces unaudited  results for the three and twelve months ended December 31, 2023. Highlights Fourth Quarter of 2023 Total operating revenues of $220.6 million, an increase of $29.1 million or 15% compared to the third quarter of 2023 Net income of $28.4 million, an increase of $28.1 million compared to the third quarter of 2023 Adjusted EBITDA of $105.9 million, an increase of $17.7 million or 20% compared to the third quarter of 2023 Completed the refinancing of all the Company's secured debt, established a $180 million RCF and completed a  private placement of new shares for gross proceeds of $50.0 million Total contract revenue backlog as at December 31, 2023 of $1.75 billion, including Mexico rigs  Subsequent events 2024 year to date, the Company has been awarded three new contract commitments, representing 495 days and $82.2 million of potential contract revenue The Board declared a cash dividend of $0.05 per share for the fourth quarter to shareholders of record on March 4, 2024.

Borr Drilling Limited Announces Fourth Quarter and Twelve Months 2023 Results

HAMILTON, Bermuda , Feb. 19, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) and (OSE: BORR) plans to release its financial results for the fourth quarter 2023 on Thursday, February 22, 2024. A conference call and webcast is scheduled for 15:00 CET (9:00 AM New York Time) and participants are encouraged to dial in 10 minutes before the start of the call.

Borr Drilling Limited - Invitation to webcast and conference call Q4 2023 results

Capacity in Borr's industry is virtually sold out, with utilization rates currently standing at 94%. The company has locked in forward revenues at highly favorable day rates, with further room to add as day rates continue to climb. Even if rates stagnate, Borr will generate +$500 million in 2024 EBITDA, allowing them to quickly deleverage and return capital to shareholders.

Borr Drilling: Record Profits Ahead As Rig Fleet Is Sold Out

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Borr Drilling is a top choice for capitalizing on the current bull market in the shallow-water offshore sector. BORR has the youngest and most modern fleet among its peers, which puts it in the best position to outperform. Day rates still have a significant upside and may rise to $250k per day based on historical analogs, the status of the order book, and current utilization levels.

Borr Drilling: Still Undervalued, But The Easy Money Has Already Been Made

HAMILTON, Bermuda , Dec. 22, 2023 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) and (OSE: BORR) today announces that the Company's Board of Directors has approved a cash distribution of paid-in capital of US$0.05 per share for the third quarter of 2023. Note to shareholders registered in Euronext VPS, the Norwegian Central Security Depository: Due to implementation of the Central Securities Depository Regulation (CSDR) in Norway, please note the information regarding the payment date for the shares registered in Euronext VPS below.

Borr Drilling Limited -Dividend declaration and key information relating to the cash distribution for the third quarter 2023

HAMILTON, Bermuda , Dec. 22, 2023 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE : BORR) and (OSE: BORR) advises that a Special General Meeting of the Company was held on December 22, 2023 at 10:00 local time, at the Registered Office of the Company, 2nd Floor, S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda.

Borr Drilling Limited - Special General Meeting Results Notification

Last month, leading shallow water driller Borr Drilling reported Q3/2023 results in line with management's most recent projections and reaffirmed guidance for both 2023 and 2024. Despite the somewhat disappointing terms of the recent debt refinancing, the board of directors approved the initiation of a $0.05 quarterly cash dividend and a $100 million share repurchase program. The jackup market outlook remains strong with management projecting potential undersupply of modern rigs going into 2025. As a result, dayrates are likely to recover further.

Borr Drilling: Jackup Market Expected To Remain Strong - Buy

HAMILTON, Bermuda , Dec. 8, 2023 /PRNewswire/ -- The board of directors in Borr Drilling Limited (the "Company") has today approved a share repurchase program for the Company's shares, to be purchased in the open market and limited to a total amount of USD 100,000,000.   The timing and amount of any shares repurchased will be determined by the company based on its evaluation of market conditions and other factors and as permitted by securities laws and other legal requirements.

Borr Drilling Limited - Approval of Share Repurchase Program

News for Borr Drilling Ltd Stock (BORR)