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) reported fleet operational updates and a new contract commitment on April 13, 2026. Four Middle East rigs are returning to service (Arabia III resumed late March; Groa and Arabia II expected in April; Forseti preparing to resume). Odin delayed for maintenance, now expected to start in April. Skald received a binding letter of award for a ~six-month campaign starting Q2 2026. Full-year 2026 contract coverage is 70% at an average dayrate of ~$134,000; H1 coverage 78% and H2 coverage 62%.
The company cited geopolitical disruption, elevated commodity prices, and stronger tender activity as drivers of near-term demand.
Borr Drilling (NYSE/Euronext Growth Oslo: BORR) announced its Annual General Meeting will be held on Wednesday, May 20, 2026. The Board fixed April 7, 2026 as the record date for shareholders entitled to vote.
Notice of AGM, Form of Proxy and the 2025 Annual Report on Form 20-F are available on the company website; shareholders can request a free hard copy via email or mail.
Borr Drilling (NYSE:BORR) announced new contract commitments and extensions for four premium jack-up rigs across West Africa, the Americas, Europe and Southeast Asia dated April 1, 2026.
Key items: Prospector 5 received a binding LOA for four wells (minimum 320 days + 220-day option) in Gabon starting Q3 2026; Ran extended six months with ENI in Mexico through September 2026; Joro extended ~two months through May 2026; Thor received a binding LOA for a two-well, ~100-day campaign in Vietnam starting July 2026.
Borr Drilling (NYSE: BORR) filed its 2025 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission on March 26, 2026, covering the year ended December 31, 2025.
The Annual Report is enclosed with the release, is available on the SEC website, and can be accessed in the Investor section of the company's website.
Borr Drilling (NYSE/Euronext: BORR) has scheduled its Annual General Meeting for Wednesday, May 20, 2026, with a record date for voting of April 7, 2026. Notice of Meeting and Form of Proxy will be distributed to shareholders and additional documents are available on the company website.
Questions may be directed to Magnus Vaaler, CFO at +44 1224 289208.
Borr Drilling (NYSE/Euronext: BORR) agreed to acquire five premium jack-up rigs from Fontis Finance for a total purchase price of $287 million. The rigs will be acquired via a new 50/50 joint venture, BC Ventures Limited, with a long-term Mexican partner.
Financing includes a $237 million non-recourse seller's credit (2.5-year maturity) and $25 million cash contributions from each JV partner. Closing is expected in Q3 2026, subject to customary conditions and merger control approvals.
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.