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 reports developments tied to its international shallow-water drilling business and fleet of modern, high-specification jack-up rigs. Company news commonly covers rig contract awards and extensions, fleet operating status, regional deployment updates, dayrate and coverage commentary, and earnings-release schedules for its offshore oil and gas customers.
Updates also include shareholder meeting notices, annual report availability, and capital-structure actions such as convertible debt offerings or repurchases. Borr Drilling is incorporated in Bermuda and its common shares trade under BORR on the New York Stock Exchange and Euronext Growth Oslo.
Borr Drilling (NYSE: BORR) provided an operational update on March 9, 2026 concerning its four jack-up rigs in the Arabian Gulf: one in Saudi Arabia, one in the UAE and two in Qatar. Three rigs in Qatar and the UAE have been down manned as a precaution. On March 7, 2026 the Arabia III was impacted by an incident on a customer-operated platform, was safely shut down and evacuated. All employees and crew in the region are accounted for and safe. The rigs remain under contract and insured, and the company is monitoring developments and staying in active communication with customers and stakeholders. Additional updates will be provided if material developments occur.
Borr Drilling (NYSE: BORR) reported Q4 2025 operating revenue of $259.4 million and a Q4 net loss of $1.0 million. Full-year 2025 net income was $45.0 million and Adjusted EBITDA was $470.1 million. The company closed a $360 million acquisition of five premium jack-ups (completed Jan 2026) and raised debt and equity financing to support fleet expansion. 2025 backlog included 24 contract commitments representing ~5,000 days and $649 million Dayrate Equivalent Backlog.
Conference call scheduled Feb 19, 2026 at 09:00 NY time.
Borr Drilling (NYSE: BORR) will release its Q4 2025 financial results after the New York Stock Exchange close on February 18, 2026. A live webcast and conference call are set for 09:00 New York time (15:00 CET) on February 19, 2026.
The earnings report, webcast and presentation will be available on the company's Investor Relations website and a replay will be posted after the live call.
Borr Drilling (NYSE: BORR) completed the acquisition of five premium jack-up rigs from Noble Corporation for a total purchase price of $360 million on January 28, 2026. The deal raises Borr's fleet to 29 rigs, reinforces its international jack-up footprint, and includes renaming of the five units.
Renamed rigs: Sif (formerly Noble Regina Allen), Freyja (Noble Tom Prosser), Forseti (Noble Mick O'Brien), Bestla (Noble Resolute) and Joro (Noble Resilient). An updated Fleet Status Report incorporates the acquisitions and recent contracting developments.
Noble Corporation (NYSE: NE) completed the sale of five jackup rigs to Borr Drilling (NYSE: BORR) for $360 million, receiving approximately $210 million cash and $150 million in seller notes. The rigs sold were Noble Tom Prosser, Noble Mick O'Brien, Noble Regina Allen, Noble Resilient and Noble Resolute.
Noble will operate Noble Mick O'Brien and Noble Resolute under a bareboat charter with Borr until December 2026, and will operate Noble Resilient through the remainder of its current contract term, including any customer options.
Borr Drilling (NYSE: BORR) announced new firm contract commitments for two premium jack-up rigs.
The Ran received a one-well extension with ENI in Mexico with an anticipated duration of 75 days, keeping the rig on firm contract through March 2026; remaining options allow up to 240 additional days. The Odin secured a contract for two wells plus an optional well with an undisclosed U.S. operator; the campaign is expected to start mid-2026 with ~60 days per well. Odin's new firm commitment activated an option giving customer Cantium a six-month optional period commencing January 2027.
Borr Drilling (NYSE: BORR) announced the settlement of a public offering of 21 million common shares at $4.00 per share for total gross proceeds of $84 million.
The company said it will use these proceeds, together with a priced debt offering announced Dec 9, 2025, seller financing and, if necessary, available cash, to acquire five premium jack-up rigs announced Dec 8, 2025 and for general corporate purposes, including possible debt service, capital expenditures, working capital and potential M&A.
Underwriters included DNB Carnegie and Clarksons Securities as joint global coordinators and bookrunners.
Borr Drilling (NYSE: BORR) announced that subsidiaries priced an offering of additional 10.375% senior secured notes due 2030 for gross proceeds of approximately $165 million on Dec 9, 2025.
The Additional Notes match the terms of existing 2030 secured notes. The company expects settlement on or about December 19, 2025, subject to customary closing conditions.
Proceeds, together with a previously announced equity offering, seller financing and available cash if needed, are planned to fund the acquisition of five premium jack-up rigs (announced Dec 8, 2025) and for general corporate purposes including debt service, capex, working capital and potential M&A.
Borr Drilling (NYSE: BORR) priced a public offering of 21 million common shares at $4.00 per share for total gross proceeds of $84 million.
The company said proceeds, together with a concurrent debt offering, seller financing and available cash if needed, will be used for the potential acquisition of five premium jack-up rigs and for general corporate purposes including debt service, capital expenditures and working capital.
Delivery of shares is expected on or around Dec 10, 2025. The company also expects to begin trading on Euronext Growth Oslo on Dec 19, 2025 as a step toward re-listing on the Oslo Stock Exchange, resulting in an expected dual listing with the NYSE remaining the primary listing.
Borr Drilling (NYSE:BORR) announced an equity offering of 21 million common shares to raise approximately $85 million in gross proceeds. The company intends to use proceeds, together with debt financing, seller financing and available cash, to pursue the potential acquisition of five premium jack-up rigs and for general corporate purposes including debt service, capex and working capital.
Pricing is expected on or around Dec 9, 2025 with delivery the first trading day after pricing. Two directors indicated they each intend to subscribe $10 million through associated companies. The company has started listing its shares on Euronext Growth Oslo, expected to begin trading on Dec 19, 2025, with plans for a dual listing while keeping the NYSE as the primary market.