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 Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Two weeks ago, leading shallow water offshore driller Borr Drilling successfully refinanced the majority of its debt obligations with an aggregate $1.54 billion in new senior secured notes. However, surging interest rates in combination with a recent earnings warning resulted in the requirement to offer double-digit coupons as well as some issuer discounts. While the transaction will increase annual interest obligations by close to $20 million, the company managed to extend debt maturities to at least 2028.

Borr Drilling - Refinancing Terms Disappoint But Weakness Seems Overdone

HAMILTON, Bermuda , Nov. 7, 2023 /PRNewswire/ -- Borr Drilling Limited (NYSE : BORR) and (OSE: BORR) plans to release its financial results for the third quarter 2023 on Thursday, November 16, 2023. 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 Q3 2023 results

HAMILTON, Bermuda , Oct. 27, 2023 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) and (OSE: BORR) (the «Company») refers to the private placement of 7,522,838 new shares (the «New Shares») at a subscription price of NOK 74/USD 6.65 (the «Subscription Price») announced on 24 October 2023 (the «Private Placement»). Drew Holdings Ltd.

Borr Drilling Limited - PDMR notification

HAMILTON, Bermuda , Oct. 26, 2023 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) and (OSE: BORR) refers to the stock exchange releases on 23rd and 24th October 2023 related to the private placement with gross proceeds of USD 50 million (the "Private Placement"). To arrange for a DVP settlement to the investors who were allocated any of the 7,522,838 offer shares in the Private Placement, estimated on 26 October 2023, of immediately tradeable shares, the Company has today, arranged the shares to be legally and validly issued and fully paid-up in the Company's Registry of Members, pursuant to a prefunding agreement with the managers in the Private Placement.

Borr Drilling Limited - capital increase in the Registry of Members

HAMILTON, Bermuda , Oct. 24, 2023 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) announced today that its wholly-owned subsidiary Borr IHC Limited has priced its previously announced offering of $1,540,000,000 in aggregate principal amount of senior secured notes, consisting of $1,025,000,000 aggregate principal amount of senior secured notes due 2028 at a price equal to 97.750%, bearing a coupon of 10.000% per annum and $515,000,000 aggregate principal amount of senior secured notes due 2030 at a price equal to 97.000%, bearing a coupon of 10.375% per annum. The proceeds from the offering are intended to be used, together with the proceeds from the Company's previously announced $50 million private placement of shares in Norway, to repay all of the Company's outstanding secured borrowings, being the Company's DNB Facility, Hayfin Facility, shipyard delivery financing arrangements with OPPL and PPL, the Company's $150 million principal amount of Norwegian law Senior Secured Bonds, and to pay related premiums, fees, accrued interest and expenses, in connection with the foregoing, and the remainder, if any, for general corporate purposes.

Borr Drilling Limited Announces Pricing of Senior Secured Notes

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, HONG KONG, THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO BUY, SELL OR SUBSCRIBE FOR ANY SECURITIES DESCRIBED HEREIN.

Borr Drilling Limited - Contemplated Private Placement of USD 50 million

HAMILTON, Bermuda , Oct. 23, 2023 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE:BORR) and (OSE:BORR) announced today that its wholly owned subsidiary Borr IHC Limited, and certain other subsidiaries intend to offer, subject to market conditions, $1,500,000,000 in aggregate principal amount of senior secured notes due 2028 and 2030. The notes will be guaranteed by the Company and certain of its subsidiaries and will be secured on a senior basis on substantially all of the assets of the Company and certain subsidiary guarantors.

Borr Drilling Limited Announces Launch of Senior Secured Notes Offering

HAMILTON, Bermuda , Oct. 17, 2023 /PRNewswire/ -- Borr Drilling Limited (the "Company") (OSE: BORR) and (NYSE: BORR) today announced that Mr. Jeffery Currie and Mr.

Borr Drilling Limited - Appointment of Directors to the Board

Crescent Point Energy

Chevron

Marathon Oil

Occidental Petroleum

Transocean

The year has been subdued for oil and gas stocks. It's not surprising because oil traded below $70 per barrel in the first half of the year.

7 Oil & Gas Stocks Ready to Gush This Fall

HAMILTON, Bermuda , Oct. 4, 2023 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE and OSE: "BORR") has today published an investor presentation enclosed to this release and on its website www.borrdrilling.com, in addition to  providing the following contracting updates. In September 2023, the premium jack-up rig "Idun" received a Letter of Intent (LOI) for a 24 months' program in Southeast Asia starting in January 2024.

Borr Drilling Limited - Contracting Update and Investor Presentation

ChargePoint Holdings

Cronos Group

EHang Holdings Ltd - ADR

Piedmont Lithium

Riot Blockchain

Solid Power

I believe that it's a good time to accumulate some undervalued small-cap stocks. The S&P 500 index should have a sustained rally next year.

The 7 Most Undervalued Small-Cap Stocks to Buy in September 2023

Some of the best oil stocks have seen significant price action in the last few years. This has been in sync with the volatility in crude oil since the pandemic.

The 7 Best Oil Stocks to Buy Now: September 2023

BORR is up 150% since my last article but remains undervalued in view of the secular bull market in offshore drilling and services. The demand for BORR's modern jack-up rigs keeps growing while rig supply remains very limited; this pushes up utilization and day rates. The company's enterprise value discounts about 4x 2025-6 EBITDA; this implies more upside.

Borr Drilling: The Jack-Ups Orderbook Is At 20-Year Lows

HAMILTON, Bermuda , Sept. 6, 2023 /PRNewswire/ -- Chief Executive Officer, Patrick Schorn, of Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) will present at the Barclays CEO Energy-Power Conference in New York City today, Wednesday, September 6, 2023, at 1:50 pm EDT.

Borr Drilling Limited to Present at the Barclays CEO Energy-Power Conference

Cosan Limited

Drilling Tools International Corp

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.

Top 3 Energy Stocks That Are Preparing To Pump In September - Borr Drilling (NYSE:BORR), Cosan (NYSE:CSAN)

HAMILTON, Bermuda , Aug. 31, 2023 /PRNewswire/ --Borr Drilling Limited (the "Company") advises that the 2023 Annual General Meeting of the Company was held on August 31, 2023 at 09:00 ADT at 2nd Floor, The S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda.

Borr Drilling Limited: 2023 AGM Results Notification

HAMILTON, Bermuda , Aug. 29, 2023 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) is pleased to announce that its premium jack-up rigs "Prospector 5" and "Natt" have received a Letter of Award ("LOA") for work in West Africa in direct continuation of their current contracts. The contracts will have a combined duration of 1,307 days and a total estimated contract value is $211 million.

Borr Drilling Limited - Announcement of Letter of Award

Borr Drilling Limited (NYSE:BORR ) Q2 2023 Earnings Conference Call August 17, 2023 09:00 AM ET Company Participants Patrick Schorn - CEO Magnus Vaaler - CFO Bruno Morand - VP, Commercial Conference Call Participants Gregory Lewis - BTIG Fredrik Stene - Clarksons Securities Presentation Operator Good day, and thank you for standing by. Welcome to the Borr Drilling Limited Second Quarter 2023 Results Presentation Webcast and Conference Call.

Borr Drilling Limited (BORR) Q2 2023 Earnings Call Transcript

HAMILTON, Bermuda , Aug. 17, 2023 /PRNewswire/ -- Please find enclosed the presentation of Borr Drilling Limited's second quarter 2023 results to be held on the webcast/conference call at 15:00 CET (9:00 AM New York time) on August 17, 2023.  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/gpxrea2b b)    Conference Call Please use this link to register for the conference call, https://register.vevent.com/register/BIe0c497c4859747c3afe69955afc018ae 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 - Q2 2023 Presentation

HAMILTON, Bermuda , Aug. 17, 2023 /PRNewswire/ -- Borr Drilling Limited ("Borr", "Borr Drilling" or the "Company") announces unaudited results for the three and six months ended June 30, 2023. Highlights Second Quarter of 2023 Total operating revenues of $187.5 million, an increase of $15.5 million or 9% compared to the first quarter of 2023.

Borr Drilling Limited Announces Second Quarter and Six Months 2023 Results

HAMILTON, Bermuda , Aug. 16, 2023 /PRNewswire/ -- Borr Drilling Limited (the "Company") (OSE: BORR) (NYSE: BORR) has issued 1,000,000 new common shares to be held in treasury, and used solely for issuance in connection with the exercise of share options vesting under the Company's existing share option program for certain employees. For further information on the share option program please refer to Note 24 of the Company's Annual Report on Form 20-F for the year ended December 31, 2022, which was filed with the Securities and Exchange Commission on March 30, 2023.

Borr Drilling Limited - Increase in share capital

HAMILTON, Bermuda , Aug. 8, 2023 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) (OSE: BORR) plans to release its financial results for the second quarter 2023 on Thursday, August 17, 2023. 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 Q2 2023 results

HAMILTON, Bermuda , July 31, 2023 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE and OSE: "BORR") is pleased to announce it has secured two letters of awards ("LOA") for its premium jack-up drilling rigs "Gerd" and "Thor". These awards increase the Company's firm backlog by approximately 421 days, excluding optional periods.

Borr Drilling Limited - Announcement of Letters of Award

Adecoagro

EVgo

There are clear signs of a reversal rally after a meaningful correction last year for equities. The S&P 500 index has trended higher by over 15% for the first half of the year.

3 Small-Cap Stocks to Buy for 3X Returns Potential

HAMILTON, Bermuda , July 6, 2023 /PRNewswire/ -- The Annual General Meeting of Shareholders of Borr Drilling Limited (the "Company") will be held on August 31, 2023, in Bermuda. A copy of the Notice of Annual General Meeting and Form of Proxy will be distributed to shareholders by normal distribution methods and is attached to this release.

News for Borr Drilling Ltd Stock (BORR)