Borr Drilling Limited operates as an offshore drilling contractor to the oil and gas industry worldwide. It owns, contracts, and operates jack-up rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production. The company serves oil and gas exploration and production companies, such as integrated oil companies, state-owned national oil companies, and independent oil and gas companies. As of December 31, 2020, it operated a fleet of 24 jack-up drilling rigs. The company was formerly known as Magni Drilling Limited and changed its name to Borr Drilling Limited in December 2016. Borr Drilling Limited was incorporated in 2016 and is based in Hamilton, Bermuda.
IPO Year: 2019
Exchange: NYSE
Website: borrdrilling.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/13/2024 | $9.00 | In-line → Outperform | Evercore ISI |
| 1/6/2023 | Neutral → Buy | BTIG Research |
6-K - Borr Drilling Ltd (0001715497) (Filer)
6-K - Borr Drilling Ltd (0001715497) (Filer)
6-K - Borr Drilling Ltd (0001715497) (Filer)
6-K - Borr Drilling Ltd (0001715497) (Filer)
6-K - Borr Drilling Ltd (0001715497) (Filer)
6-K - Borr Drilling Ltd (0001715497) (Filer)
6-K - Borr Drilling Ltd (0001715497) (Filer)
6-K - Borr Drilling Ltd (0001715497) (Filer)
6-K - Borr Drilling Ltd (0001715497) (Filer)
6-K - Borr Drilling Ltd (0001715497) (Filer)
HAMILTON, Bermuda, April 25, 2023 /PRNewswire/ -- Borr Drilling Limited (the "Company") (OSE: BORR) (NYSE:BORR) today announced that Mr Daniel Rabun has been appointed as a Director of the Company by the Board to fill an existing vacancy with effect from 25th April 2023. Mr. Rabun brings extensive industry experience in the energy services sector to the Company, including service as Chairman of the Board, President and Chief Executive Officer of Ensco plc, an offshore drilling services company from 2007 until his retirement in May 2015. Prior to joining Ensco, Mr. Rabun was a partner with the international law firm of Baker & McKenzie LLP, where he provided legal advice to oil and gas compa
HAMILTON, Bermuda, Jan. 2, 2021 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) advises that the Company will hold a Special General Meeting on January 8, 2021. The Board of Directors has fixed the close of business on January 4, 2021, as the record date for the determination of the shareholders entitled to attend and vote at the Special General Meeting or any adjournment thereof. A copy of the Notice of Special General Meeting and Form of Proxy (the "Notice") and associated information can be found on the Company's website at http://www.borrdrilling.com and attached to this press release. The Notice and associated information will also be distributed to sha
HAMILTON, Bermuda, Dec. 28, 2020 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) and (OSE: BORR) is pleased to announce the appointment of Mr. Magnus Vaaler as its new Chief Financial Officer, replacing Mr. Christoph Bausch with effect from 28 December 2020. Patrick Schorn, Chief Executive Officer, commented: "I am pleased to announce Magnus as the new Chief Financial Officer of Borr Drilling. Magnus has been with the company since 2018 and has taken increasing responsibility in our finance team in the past year. We are confident that this succession plan provides continuity and stability in this period where we are working with key stakeholders to complete our financi
HAMILTON, Bermuda, Nov. 20, 2024 /PRNewswire/ -- Borr Drilling Limited ("Borr Drilling" or the "Company") (NYSE:BORR) (OSE: BORR) initiated a share repurchase program on November 12, 2024 to repurchase USD 10 million of the Company's common shares in open market transactions ("the First Tranche") on the OSE and NYSE until no later than November 30, 2024 pursuant to an agreement with DNB Markets, a part of DNB Bank ASA ("DNB Markets"). This was the initial step under the Board of Directors authorized commitment to repurchase $20 million worth of shares before the end of 2024. For the period from and including November 12, 2024 through the last day of the repurchase program, November 18, 2024
HAMILTON, Bermuda, Nov. 19, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE:BORR) (OSE: BORR) has received a notice of temporary suspension of operation for its rig "Arabia II", operating in Saudi Arabia. The temporary suspension will be for a period of up to 12 months. The commencement date of the suspension is still to be confirmed by the customer. Forward looking statements This press release includes forward looking statements, which do not reflect historical facts and may be identified by words such as "expected", "intends" and similar expressions and include statements relating to contract duration and suspension start and end dates, and other non-historical statement
HAMILTON, Bermuda, Nov. 12, 2024 /PRNewswire/ -- Borr Drilling Limited ("Borr Drilling" or the "Company") (NYSE and OSE: BORR) refers to its announcement on 6 November 2024, where the Company's Board of Directors authorized the commitment to repurchase $20 million worth of shares within year end 2024, under its previously announced $100 million share repurchase authorisation. The intention of the program is to service its shareholders by way of reducing the share capital. As an initial step under the repurchase program, the Board has authorized the Company to purchase up to $10 million of the Company's shares (the "First Tranche") by November 30, 2024, and the Company has entered an agreemen
HAMILTON, Bermuda, Nov. 6, 2024 /PRNewswire/ -- The Board of Directors of Borr Drilling Limited (the "Company") (OSE and NYSE "BORR") informs that it has resolved to grant 136,612 Restricted Stock Units (each, a "RSU") to its Directors. Each RSU represents one share in the Company. The RSUs will vest in full on September 30, 2025, and will be conditional on continuing to serve as a Director of the Company at the date of vesting. The RSUs will be settled through issuance of shares in the Company. Persons discharging managerial responsibilities ("PDMRs"), as defined by the (EU) Market Abuse Regulation, have been granted and accepted the following RSUs: Tor Olav Troim - Chaiman of the Board -
HAMILTON, Bermuda, Nov. 1, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE & OSE: BORR) today announced that Euronext Oslo Stock Exchange ("OSE") has approved the Company's application for delisting, following an affirmative shareholder vote at the Company's Special General Meeting in October 2024. The Company's shares will be delisted from OSE as of 31 December 2024. The last day of trading will be 30 December 2024, and the Company will subsequently maintain a single listing on the New York Stock Exchange ("NYSE"). Shareholders holding shares that are traded at the OSE, held through the Norwegian central securities depository held with Euronext Securities Oslo (commonly kn
HAMILTON, Bermuda, Oct. 25, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE:BORR) (OSE: BORR) announced today that its wholly-owned subsidiary Borr IHC Limited has priced an offering of additional 10.375% senior secured notes due 2030 (the "Additional Notes") for gross proceeds of approximately $175 million. The Additional Notes will have the same terms and conditions as the existing $515 million aggregate principal amount of senior secured notes due 2030. The proceeds from the offering are intended to be used for the acquisition and activation costs for the newbuild rig "Var", which is expected to be delivered on November 15, 2024, instead of the previously secured yard fi
HAMILTON, Bermuda, Oct. 25, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE:BORR) (OSE: BORR) today announced certain preliminary unaudited results for the quarter ended September 30, 2024. For the three months ended September 30, 2024, the Company expects: (i) total operating revenues of approximately $242 million, (ii) operating income of approximately $84 million, and (iii) Adjusted EBITDA of approximately $116 million. The Company expects approximately $186 million in cash and cash equivalents and $150.0 million undrawn under our revolving credit facility as of September 30, 2024. The decrease in operating income of approximately $21 million compared to the second quart
HAMILTON, Bermuda, Oct. 17, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") has today been advised by the Nordic Trustee AS that, pursuant to the summons for a written resolution dated 2 October 2024 for the Company's senior unsecured convertible bonds with ISIN NO0012828187 (the "Bonds"), the written resolutions have today been resolved and approved by the bondholders. CONTACT: Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208 This information was brought to you by Cision http://news.cision.com https://news.cision.com/borr-drilling-limited/r/borr-drilling-limited---written-resolution-approved---senior-unsecured-convertible-bond-loan-2023-20,c4052684 V
HAMILTON, Bermuda, Oct. 2, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") has today requested Nordic Trustee AS to summon for a bondholders' written resolution (the "Summons") for the Company's senior unsecured convertible bonds with ISIN NO0012828187 (the "Bonds"). The purpose of the written resolution is to approve a proposal to amend the bond terms in connection with the potential de-listing of the Company's shares from the Oslo Stock Exchange, as approved by a Special General Meeting of the shareholders of the Company on October 1, 2024. The company has received support from more than 2/3 of the Bondholders having stated that they will vote in favor of the proposal. Hamilton
HAMILTON, Bermuda, Oct. 1, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) advises that a Special General Meeting of the Company was held on October 1, 2024 at 10:00 local time at 2nd Floor, S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda. The following resolutions were passed: To approve the delisting of the Company's common shares from the Oslo Stock Exchange and to authorise the Board of Directors to take steps to implement the delisting including filing an application to the Oslo Stock Exchange on behalf of the Company.Hamilton, Bermuda, October 1, 2024 CONTACT: Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208
Evercore ISI upgraded Borr Drilling from In-line to Outperform and set a new price target of $9.00
BTIG Research upgraded Borr Drilling from Neutral to Buy
SC 13G/A - Borr Drilling Ltd (0001715497) (Subject)
SC 13G/A - Borr Drilling Ltd (0001715497) (Subject)
SC 13G/A - Borr Drilling Ltd (0001715497) (Subject)
SC 13G/A - Borr Drilling Ltd (0001715497) (Subject)
SC 13G - Borr Drilling Ltd (0001715497) (Subject)
SC 13G - Borr Drilling Ltd (0001715497) (Subject)
SC 13G/A - Borr Drilling Ltd (0001715497) (Subject)
SC 13G/A - Borr Drilling Ltd (0001715497) (Subject)
SC 13G - Borr Drilling Ltd (0001715497) (Subject)
SC 13G/A - Borr Drilling Ltd (0001715497) (Subject)
HAMILTON, Bermuda, Oct. 1, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR) and (OSE: BORR) plans to release its financial results for the third quarter 2024 after the close of the New York Stock Exchange on Wednesday 6 November, 2024. The earnings report and presentation will be available from the Investor Relations section on www.borrdrilling.com. A conference call and webcast is scheduled for 15:00 CEST (9:00 AM New York Time) on Thursday 7 November, 2024 and participants are encouraged to dial in 10 minutes before the start of the call. In order to listen to the presentation, you may do one of the following: a) WebcastTo access the webcast, please go to the following link:htt
HAMILTON, Bermuda, Aug. 14, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR) (OSE: BORR) today announces that the Company's Board of Directors has approved a cash distribution of paid-in capital of US$0.10 per share for the second quarter of 2024. Note to shareholders registered in Euronext VPS, the Norwegian Central Security Depository: Due to implementation of the Central Securities Depository Regulation (CSDR) in Norway, please note the information regarding the payment date for the shares registered in Euronext VPS below. Effective as of May 28, 2024, the New York Stock Exchange ("NYSE") settles its trades on a T+1 basis, while the Oslo Stock Exchange ("OSE") continues to settle i
HAMILTON, Bermuda, Aug. 14, 2024 /PRNewswire/ -- Borr Drilling Limited ("Borr", "Borr Drilling" or the "Company") announces unaudited results for the three and six months ended June 30, 2024. Highlights Total operating revenues of $271.9 million, an increase of $37.9 million or 16% compared to the first quarter of 2024Net income of $31.7 million, an increase of $17.3 million or 120% compared to the first quarter of 2024Adjusted EBITDA1 of $136.4 million, an increase of $19.6 million or 17% compared to the first quarter of 2024Year to date of report, the Company has been awarded fourteen new contract commitments, representing 3,537 days and $651 million of potential contract revenueIn August
HAMILTON, Bermuda, Aug. 2, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR) and (OSE: BORR) plans to release its financial results for the second quarter 2024 after the close of the New York Stock Exchange on Wednesday 14 August, 2024. The earnings report and presentation will be available from the Investor Relations section on www.borrdrilling.com. A conference call and webcast is scheduled for 15:00 CEST (9:00 AM New York Time) on Thursday 15 August, 2024 and participants are encouraged to dial in 10 minutes before the start of the call. In order to listen to the presentation, you may do one of the following: a) Webcast To access the webcast, please go to the following link:https
HAMILTON, Bermuda, May 23, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR) and (OSE: BORR) today announces that the Company's Board of Directors has approved a cash distribution of paid-in capital of US$0.10 per share for the first quarter of 2024. Note to shareholders registered in Euronext VPS, the Norwegian Central Security Depository: Due to implementation of the Central Securities Depository Regulation (CSDR) in Norway, please note the information regarding the payment date for the shares registered in Euronext VPS below. Effective as of May 28, 2024, the New York Stock Exchange ("NYSE") will settle its trades on a T+1 basis, while the Oslo Stock Exchange ("OSE") will continue t
HAMILTON, Bermuda, May 15, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE and OSE: BORR) plans to release its financial results for the first quarter 2024 on Thursday, May 23, 2024. A conference call and webcast is scheduled for 15:00 CEST (9:00 AM New York Time) and participants are encouraged to dial in 10 minutes before the start of the call. The earnings report and presentation will be available from the Investor Relations section on www.borrdrilling.com. In order to listen to the presentation, you may do one of the following: a) Webcast To access the webcast, please go to the following link:https://edge.media-server.com/mmc/p/hwxxiqsa b) Conference Call Please use the below
HAMILTON, Bermuda, Feb. 22, 2024 /PRNewswire/ --Borr Drilling Limited ("Borr", "Borr Drilling" or the "Company") announces unaudited results for the three and twelve months ended December 31, 2023. Highlights Fourth Quarter of 2023 Total operating revenues of $220.6 million, an increase of $29.1 million or 15% compared to the third quarter of 2023Net income of $28.4 million, an increase of $28.1 million compared to the third quarter of 2023Adjusted EBITDA of $105.9 million, an increase of $17.7 million or 20% compared to the third quarter of 2023Completed the refinancing of all the Company's secured debt, established a $180 million RCF and completed a private placement of new shares for g
HAMILTON, Bermuda, Feb. 19, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR) and (OSE: BORR) plans to release its financial results for the fourth quarter 2023 on Thursday, February 22, 2024. A conference call and webcast is scheduled for 15:00 CET (9:00 AM New York Time) and participants are encouraged to dial in 10 minutes before the start of the call. The earnings report and presentation will be available from the Investor Relations section on www.borrdrilling.com. In order to listen to the presentation, you may do one of the following: a) Webcast To access the webcast, please go to the following link: https://edge.media-server.com/mmc/p/3eaywjys b) Conference CallPlease use
HAMILTON, Bermuda, Dec. 22, 2023 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR) and (OSE: BORR) today announces that the Company's Board of Directors has approved a cash distribution of paid-in capital of US$0.05 per share for the third quarter of 2023. Note to shareholders registered in Euronext VPS, the Norwegian Central Security Depository: Due to implementation of the Central Securities Depository Regulation (CSDR) in Norway, please note the information regarding the payment date for the shares registered in Euronext VPS below. Key information: Distribution amount: $0.05 per share Declared currency: USD. Distributions payable to shares registered with Euronext VPS will be paid out in
HAMILTON, Bermuda, Dec. 1, 2023 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE:BORR) and (OSE: BORR) advises that the Company will hold a Special General Meeting on December 22, 2023 to approve a reduction of the Company's Share Premium account (referred to as additional paid-in capital in the financial statements of the Company) and to credit the same amount resulting from this reduction to the Company's Contributed Surplus account, which will enable dividend payments to shareholders. The Board of Directors has fixed the close of business on November 27, 2023 as the record date for determination of the shareholders entitled to attend and vote at the Special General Meeting or
Gainers Tellurian (AMEX:TELL) stock moved upwards by 4.6% to $0.68 during Wednesday's after-market session. The market value of their outstanding shares is at $568.6 million. KNOT Offshore Partners (NYSE:KNOP) stock increased by 2.73% to $7.51. The company's market cap stands at $262.3 million. San Juan Basin Royalty (NYSE:SJT) shares rose 2.27% to $4.04. The market value of their outstanding shares is at $188.2 million. Enservco (AMEX:ENSV) shares increased by 2.0% to $0.25. The market value of their outstanding shares is at $6.8 million. Enviva (NYSE:EVA) shares moved upwards by 1.45% to $0.6. The company's market cap stands at $44.6 million. Uranium Energy (AMEX:UEC) stock moved upw
U.S. stocks were mixed, with the Dow Jones index falling around 250 points on Thursday. Shares of e.l.f. Beauty, Inc. (NYSE:ELF) rose sharply during Thursday's session after the company reported better-than-expected fourth-quarter earnings. e.l.f. Beauty reported adjusted earnings of 53 cents per share, beating the 32-cent estimate, according to data from Benzinga Pro. Quarterly sales clocked in at $321.14 million, beating the $292.17 million analyst consensus estimate, primarily driven by strength across retailer and e-commerce channels. e.l.f. Beauty said it sees fiscal year earnings between $3.20 and $3.25 per share, versus the $3.51 per share estimate, and full-year revenue in a
Borr Drilling (NYSE:BORR) reported quarterly earnings of $0.06 per share which missed the analyst consensus estimate of $0.14 by 57.14 percent. This is a 300 percent increase over losses of $(0.03) per share from the same period last year. The company reported quarterly sales of $234.000 million which beat the analyst consensus estimate of $230.000 million by 1.74 percent. This is a 36.05 percent increase over sales of $172.000 million the same period last year.
Record date OSE/NYSE: 3 June, 2024, Payment date: On or about 17 June, 2024.
Borr Drilling Limited (NYSE:BORR) shares are falling on Thursday. The company said it had received a notice of temporary suspension of operations for its rig “Arabia I,” operating in Saudi Arabia. The temporary suspension will be for up to 12 months and is expected to commence in the second quarter. The company intends to seek alternative engagement for the rig while on suspension. Borr Drilling closed last year with 22 delivered rigs contracted. Over the course of 2023, the company said it has also secured several new contracts, adding $728 million at an implied rate of approximately $161,000 per day, which stood at $1.75 billion at year-end. According to a press releas
https://news.cision.com/borr-drilling-limited/r/borr-drilling-limited---contracting-update%2Cc3956632
Shares of Nuvve Holding Corp. (NASDAQ:NVVE) fell sharply during Monday’s session after the company reported worse-than-expected fourth-quarter financial results. Nuvve Holding posted a quarterly loss of $6.98 per share, versus market estimates for a loss of $5.60 per share. The company’s sales came in at $1.65 million, compared to expectations of $3.00 million. Nuvve Holding shares dipped 29.6% to $0.7746 on Monday. Here are some other stocks moving in today's mid-day session. Gainers Vast Renewables Limited (NASDAQ:VSTE) shares jumped 179% to $8.62 after jumping 39% on Thursday. CXApp Inc. (NASDAQ:CXAI) gained 151% to $6.15 after the company announced a partnership with Google Clou
Evercore ISI Group has decided to maintain its In-Line rating of Borr Drilling (NYSE:BORR) and lower its price target from $10.00 to $9.00. Shares of Borr Drilling are trading down 2.16% over the last 24 hours, at $6.34 per share. A move to $9.00 would account for a 41.96% increase from the current share price. About Borr Drilling 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 16 jack-up drilling rigs. Geographically the activities are carried out through Norway. About Analyst Ratings Analysts work in bank
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