Borr Drilling Ltd/$BORR

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About Borr Drilling Ltd

Borr Drilling Ltd is a drilling contractor that owns and operates jack-up rigs of modern and high-specification designs providing drilling services to the oil and gas exploration and production industry. The company operates a fleet of around 16 jack-up drilling rigs. Geographically the activities are carried out through Norway.

Ticker

$BORR
Sector

Primary listing

NYSE

Employees

2,087

Headquarters

Hamilton, Bermuda

BORR Metrics

BasicAdvanced
$870M
15.31
$0.20
1.89
$0.04
1.32%

Bulls say / Bears say

On April 8, 2025, Borr Drilling landed new contracts for its “Thor”, “Gerd” and “Norve” jack-up rigs, spanning 774 days and bringing estimated revenues of $120 million, providing a substantial boost to near-term utilization rates and strengthening revenue outlook for Q2 and later. (Reuters)
In Q2 2025, Borr Drilling reported total H1 revenues of $267.7 million, net income of $35.1 million compared to a Q1 loss, and adjusted EBITDA of $133.2 million (+39% QoQ), achieving technical utilization of 99.6% and economic utilization of 97.8%, highlighting strong operational efficiency. (Reuters)
In July 2025, the company strengthened its liquidity position by more than $200 million through a $102.5 million equity offering and improved revolving credit agreements, increasing financial flexibility and easing covenant requirements. (Reuters)
Borr Drilling posted a net loss of $16.9 million and saw operating revenues decline by $46.5 million quarter-on-quarter to $216.6 million in Q1 2025, reflecting vulnerability to rig suspensions and lower activity. (Reuters)
Moody’s affirmed Borr’s B3 rating with a stable outlook, but warned that only 23% of its fleet has contracts for 2026 and expects Moody’s-adjusted gross leverage around 3.8×, pointing to slow debt reduction and persistent financial pressure. (Reuters)
Moody’s also highlighted customer concentration risks, with three rigs currently suspended by Pemex and significant reliance on only a few operators, increasing revenue volatility and credit risk. (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 7 Oct 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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