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 Ltd (BORR) delivers modern offshore drilling solutions through its fleet of high-specification jack-up rigs. This news hub provides investors and industry professionals with timely updates on operational milestones, contract awards, and strategic developments shaping the company’s position in the global energy sector.
Access consolidated coverage of earnings reports, rig deployments, and safety achievements. Our repository ensures you stay informed about BORR’s progress in securing long-term drilling commitments and managing its premium asset portfolio across key offshore regions.
Discover updates on fleet expansions, partnership agreements, and operational efficiency initiatives. All content is curated to help stakeholders track the company’s performance in competitive markets while maintaining compliance with industry regulations.
Bookmark this page for streamlined access to Borr Drilling’s latest press releases and market-moving announcements. Check regularly for authoritative reporting on operational excellence in challenging offshore environments.
Borr Drilling (NYSE and OSE: BORR) has announced preliminary unaudited results for Q2 2024. The company expects:
- Total operating revenues of ~$272 million, up 16% from Q1 2024
- Operating income of ~$104 million, up 23% from Q1 2024
- Adjusted EBITDA of ~$136 million, up 17% from Q1 2024
The increase in operating income is primarily due to a contract termination, improved jack-up fleet operations, and changes in Mexico operations. Borr Drilling anticipates positive impacts on adjusted EBITDA from dayrate uplifts and new contracts, offset by one-off impacts. The company will release final Q2 2024 results on August 14, 2024.
Borr Drilling (NYSE: BORR) (OSE: BORR) has announced the release of its Q2 2024 financial results on August 14, 2024, after the New York Stock Exchange closes. The company will host a conference call and webcast on August 15, 2024, at 15:00 CEST (9:00 AM New York Time) to discuss the results. Participants are encouraged to join 10 minutes before the call starts. The earnings report and presentation will be available on the company's website. To access the webcast, participants can use the provided link, while for the conference call, registration is required through another link. A replay of the call will be available after the event.
Borr Drilling (NYSE: BORR) (OSE: BORR) has announced new contract commitments for three premium jack-up rigs, totaling 1,779 days and $332 million in contract revenue. The 'Arabia I' secured a 4-year contract in Brazil with Petrobras, starting Q1 2025. The 'Gunnlod' received a Letter of Award for seven wells in Malaysia, expected to start in November 2024. The 'Norve' secured a 109-day extension in Gabon until February 2025.
Additionally, the 'Gerd' will execute a previously announced 180-day commitment in Congo for ENI, starting October 2024. Year-to-date, Borr Drilling has secured 13 new contracts worth $644 million, with an average day rate of $185,000. The new Brazil contract for 'Arabia I' represents a 60% day-rate increase over its previous contract.
Borr Drilling (NYSE: BORR, OSE: BORR) has announced that its 2024 Annual General Meeting (AGM) will be held on August 14, 2024. The record date for voting eligibility is set for June 7, 2024. Detailed notices, agendas, and associated materials will be distributed prior to the meeting. This information is in accordance with section 5-12 of the Norwegian Securities Trading Act.
For further inquiries, contact Magnus Vaaler, CFO, at +44 1224 289208. The press release is available at Cision and PR Newswire websites.
Borr Drilling (NYSE: BORR, OSE: BORR) announced a cash distribution of US$0.10 per share for Q1 2024. The Board approved this on May 22, 2024.
Key dates are: last day including right on OSE is May 30, 2024, and on NYSE is May 31, 2024. Ex-dividend dates are May 31, 2024 (OSE) and June 3, 2024 (NYSE). Record date for both exchanges is June 3, 2024. Payment date is expected around June 17, 2024, with distributions to Euronext VPS shareholders around June 20, 2024.
This announcement follows the implementation of the Central Securities Depository Regulation in Norway, impacting settlement bases of NYSE (T+1) and OSE (T+2).
Borr Drilling (NYSE and OSE: BORR) will release its financial results for Q1 2024 on May 23, 2024. The company has scheduled a conference call and webcast for 15:00 CEST (9:00 AM New York Time) on the same day. Participants are encouraged to dial in 10 minutes before the call starts. The earnings report and presentation will be accessible on the company's Investor Relations section at www.borrdrilling.com.
To access the webcast, participants can click on the provided link. For the conference call, registration is required through another link, after which participants will receive dial-in details. A replay of the call will be available after its completion through a specified streaming link. For further inquiries, Magnus Vaaler, CFO, can be contacted directly.
FAQ
What is the current stock price of BORR DRILLING (BORR)?
What is the market cap of BORR DRILLING (BORR)?
