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
$862M
15.16
$0.20
1.89
$0.04
1.33%

Bulls say / Bears say

Borr Drilling posted technical utilization of 99.2% and economic utilization of 97.9% for its active rigs in Q1 2025, highlighting operational efficiency and strong asset performance. (Reuters)
The company secured nine new contract commitments in Q1 2025, representing about 1,550 days and $221 million in potential revenue, improving its contract backlog and revenue visibility. (Reuters)
Borr's proposed $100 million equity offering, with Citigroup and Goldman Sachs as joint bookrunners, is intended to strengthen liquidity for debt repayment, capital expenditures, and working capital, enhancing financial flexibility. (Reuters)
Borr Drilling posted a net loss of $16.9 million in Q1 2025, compared to a net income of $26.3 million in the previous quarter, underlining earnings volatility as a result of operational disruptions. (Reuters)
Operating revenues declined by 18% sequentially to $216.6 million in Q1 2025, indicating vulnerability to temporary rig suspensions and market scheduling issues. (Reuters)
The planned $100 million equity offering could result in dilution for existing shareholders and reflects the company’s dependence on capital markets to maintain liquidity, potentially putting pressure on the stock. (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 6 Sept 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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