Welcome to our dedicated page for BORR DRILLING news (Ticker: BORR), a resource for investors and traders seeking the latest updates and insights on BORR DRILLING stock.
Borr Drilling Limited (NYSE: BORR) is an offshore shallow-water drilling contractor focused on premium jack-up rigs for oil and gas exploration and production customers. This news page aggregates company press releases and market updates so readers can follow how Borr Drilling’s contracting activity, fleet developments and financing decisions evolve over time.
Recent news highlights include contract extensions and new commitments for several of Borr Drilling’s premium jack-up rigs, such as Galar, Gersemi, Njord, Odin and Grid. Updates have covered multi-year extensions in Mexico, new work in the Gulf of America and Angola, and the impact of international sanctions on certain contracts. These announcements illustrate how the company manages utilization across its fleet and responds to changes in customer demand and regulatory conditions.
Investors can also track capital markets activity through Borr Drilling’s news. The company has announced public offerings of common shares and additional senior secured notes, with stated plans to use proceeds for the acquisition of five premium jack-up rigs from Noble Corporation and for general corporate purposes. News releases further describe steps toward dual listing on Euronext Growth Oslo and the Oslo Stock Exchange alongside its New York Stock Exchange listing.
In addition, quarterly results releases and fleet status reports provide insight into operating revenues, net income, Adjusted EBITDA, contract coverage and utilization across the premium jack-up fleet. Together, these items give context on Borr Drilling’s operational performance, contracting pipeline and financial position. Readers interested in BORR news can use this page to monitor contract awards, extensions, terminations, financing transactions and listing updates that shape the company’s outlook.
Borr Drilling (NYSE: BORR) agreed to acquire five premium jack-up rigs from Noble Corporation for a total purchase price of $360 million, increasing its fleet from 24 to 29 rigs.
Transaction financing: $150m new 10.375% senior secured notes due 2030, $150m seller's credit due 2032, and an $85m equity raise. Two rigs will be bareboat-chartered back to the seller for 12 months; those two will be placed in the notes' restricted group. The rigs are expected to generate $29m total earnings before debt service. Closing is expected in Q1 2026, subject to customary conditions. The company also initiated a process to list on Euronext Growth Oslo as a step toward re-listing on the Oslo Stock Exchange.
Noble Corporation (NYSE: NE) signed definitive agreements to sell six jackups: five rigs to Borr Drilling (NYSE: BORR) for $360 million and one rig to Ocean Oilfield Drilling for $64 million in cash. Closings are subject to customary conditions, with the Borr deal expected in early 2026 (subject to Borr financing) and the Ocean sale expected in Q2 2026 after completion of the Noble Resolve contract.
The Borr transaction includes $210 million cash and $150 million in seller notes (6-year maturity, secured by a first lien on three jackups). Noble will operate two rigs under a one-year bareboat charter and will become a pureplay deepwater and ultra-harsh jackup operator.
Borr Drilling (NYSE: BORR) reported unaudited results for the nine months ended Sept 30, 2025: total operating revenues $277.1M (+4% vs Q2 2025), net income $27.8M (-21% vs Q2), and Adjusted EBITDA $135.6M (+2% vs Q2) with a 48.9% margin. Year-to-date awards include 22 contract commitments covering >4,820 days and ~$625M potential revenue. Collections resumed in Sept-Oct with ~$19M received. Post-quarter, three Mexico contract extensions and new awards in the Gulf of America and Angola were announced. 2026 coverage stands at 62% with an average dayrate of $140,000. Full-year 2025 Adjusted EBITDA guidance: $455M–$470M.
Borr Drilling (NYSE: BORR) announced contract extensions for three premium jack-up rigs and reported recent collections from Mexico. Galar and Gersemi received two-year firm extensions commencing in direct continuation of existing Mexico contracts, each with two one-year unpriced options and improved commercial and payment terms. Njord was extended through April 2026. The stated contract value of the extensions is approximately $213 million (excluding options). The company also received approximately $19 million in payments from Pemex and said discussions continue on longer-term extensions for contracts expiring in Q2 2026.
Borr Drilling (NYSE:BORR) announced termination of two drilling contracts after implementation of international sanctions affecting a counterparty. The terminations concern rigs Odin and Hild, which had firm commitments through November 2025 and March 2026, respectively. The company said it remains committed to complying with international laws and sanctions frameworks and to high standards of corporate governance and compliance.
Borr Drilling (NYSE: BORR) will release its Q3 2025 financial results after NYSE close on Wednesday, 5 November 2025. A live webcast and conference call are scheduled for 10:00 AM New York time (16:00 CET) on Thursday, 6 November 2025. Participants are asked to join 10 minutes early.
The earnings report, webcast and presentation will be posted on the company's Investor Relations website at www.borrdrilling.com. Live access is via the provided webcast link or by registering for the conference call to receive dial‑in details and a unique PIN. A replay of the webcast will be available after the live call.
Borr Drilling Limited (NYSE: BORR), a drilling services company, announced that CEO Bruno Morand will present at the Pareto Securities' 32nd annual Energy Conference on September 10, 2025, in Oslo, Norway.
The presentation materials are available on the company's website at www.borrdrilling.com. Interested parties can direct questions to CFO Magnus Vaaler.
Borr Drilling Limited (NYSE: BORR) has secured new contract commitments for two of its premium jack-up rigs. The Prospector 1 received Letters of Award from Dana Petroleum (30-day contract) and ONE-Dyas (210-day contract) in the Netherlands, with the latter including options for an additional 210 days. The Natt rig secured a 60-day contract with New Age in Congo.
These new commitments total 300 days and represent over $43 million in contract revenue backlog, excluding options and other compensation. Additionally, the previously announced LOA for the "Odin" rig in Mexico has been converted into a contract and operations have commenced.
Borr Drilling (NYSE: BORR) reported strong Q2 2025 results with total operating revenues of $267.7 million, up 24% quarter-over-quarter. The company achieved a net income of $35.1 million, marking a significant improvement from Q1's net loss, while Adjusted EBITDA increased 39% to $133.2 million.
The company demonstrated robust operational performance with 99.6% technical utilization and 22 out of 24 rigs active. In July 2025, Borr strengthened its financial position through a $102.5 million equity offering and secured bank commitments, increasing liquidity by over $200 million. The company also announced Bruno Morand as the new CEO effective September 1, 2025, with current CEO Patrick Schorn transitioning to Executive Chair.
Year-to-date, Borr secured 14 new contracts worth approximately $318 million, achieving 84% contract coverage for 2025 at an average day rate of $145,000.
Borr Drilling Limited (NYSE: BORR) held its Special General Meeting (SGM) on August 6, 2025, where shareholders approved three key resolutions. The company set a maximum limit of eight Directors on its Board, elected Mr. Thiago Mordehachvili as a new Director, and approved an increase in authorized share capital from $31.5 million to $36.5 million.
The capital increase authorizes an additional 50 million common shares at $0.10 par value each, expanding the total authorized shares from 315 million to 365 million.