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Borr Drilling Ltd/$BORR

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About Borr Drilling Ltd

Borr Drilling Ltd is an offshore shallow-water drilling contractor providing services to the oil and gas industry. Its operations focus on the ownership, contracting, and operation of jack-up rigs 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 (E&P) customers. The company contracts its rigs on a dayrate basis to drill wells for integrated oil companies, state-owned national oil companies, and independent oil and gas companies. It operates in one reportable segment.
Ticker
$BORR
Sector
Energy
Primary listing
NYSE
Employees
2,030
Headquarters
Hamilton, Bermuda
Website
borrdrilling.com

BORR Metrics

BasicAdvanced
$1B
-
-$0.83
1.01
-

What the Analysts think about BORR

Analyst ratings (Buy, Hold, Sell) for Borr Drilling Ltd stock.
Analyst projections of the future price of Borr Drilling Ltd stock.

Bulls say / Bears say

Borr has kept adding firm work: 21 commitments in 2026 represented $541 million of dayrate-equivalent backlog, and new awards have extended several rigs into 2027. Its reported 73% coverage for 2026 at an average dayrate of about $134,000 gives a useful base of revenue visibility. (Offshore Magazine, Borr Drilling Limited)
The refinancing pushed most debt maturities out to 2032–34 and increased the revolving credit facility to $250 million, which was undrawn at quarter-end. That gives Borr more time and liquidity to manage its fleet and pursue new contracts. (Borr Drilling Limited)
The five-rig joint venture acquisition broadens Borr’s premium jack-up fleet, and three of the rigs were already contracted, with two operating, when the company reported in August. If it secures work for the remaining units, the expanded fleet could add to earnings as utilisation improves. (Borr Drilling Limited)
The Prospector 5 sank off Gabon while preparing for a campaign, and the rig had work booked into 2027. The loss removes contracted capacity; the extent of insurance cover and the resulting financial impact were not yet clear in the reporting. (Yahoo Finance)
Underlying quarterly performance weakened: Q2 revenue fell 6% from Q1 and adjusted EBITDA dropped 51% to $43.8 million. The company also reported $21.8 million of cash used in operations during the quarter, showing the strain from rig transitions, start-up costs and other operating pressures. (Borr Drilling Limited, SEC)
The refinancing extends maturities but leaves Borr with substantial, expensive debt: it issued $2.035 billion of senior secured notes carrying 8.75% and 9.00% coupons. That heavy interest burden could absorb cash needed for rig upkeep and debt reduction, especially if earnings remain weak. (Borr Drilling Limited, SEC)
Data summarised monthly by Lightyear AI. Last updated on 29 Oct 2026.

BORR Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

BORR Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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