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 |
|---|---|---|---|
| 7/14/2025 | Buy → Neutral | BTIG Research | |
| 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)
424B5 - Borr Drilling Ltd (0001715497) (Filer)
6-K - Borr Drilling Ltd (0001715497) (Filer)
6-K - Borr Drilling Ltd (0001715497) (Filer)
424B5 - 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)
BTIG Research downgraded Borr Drilling from Buy to Neutral
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
HAMILTON, Bermuda, July 24, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR) plans to release its financial results for the second quarter 2025 after the close of the New York Stock Exchange on Wednesday 13 August, 2025. A conference call and webcast is scheduled for 9:00 AM New York Time (15:00 CET) on Thursday 14 August, 2025 and participants are encouraged to dial in 10 minutes before the start of the call. The earnings report, webcast and accompanying presentation will be available from the Investor Relations section on www.borrdrilling.com. In order to listen to the presentation, you may also do one of the following: a) Webcast To access the webcast, please go to the follow
HAMILTON, Bermuda, July 3, 2025 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE:BORR) announces today that it has priced its previously announced offering of 50 million common shares at a price of $2.05 per share for total gross proceeds of $102.5 million. The Company plans to use the proceeds from the offering for general corporate purposes, which may include debt service, capital expenditures and funding of working capital. It is expected that delivery of the common shares offered in the offering will be made against payment therefore on or about (i) for 30 million shares to be issued in the first settlement, on or around July 7, 2025, and (ii) for the remaining 20 million sh
Highlights Borr financing package to increase liquidity by $200 million, strengthening balance sheet for continued growthBruno Morand to become CEO effective September 1, 2025, following a thorough succession planning processPatrick Schorn to transition from CEO to Executive Chairman of the Board of Directors, providing continuity and expanded leadership bandwidth, with the current Chairman to remain as a DirectorHAMILTON, Bermuda, July 2, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR, ", Borr", , ", Borr Drilling", or the ", Company", )) has announced today that the Company has received commitments from certain commercial banks to: 1) increase existing super senior RCF (SSRCF) to $2
HAMILTON, Bermuda, July 2, 2025 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE:BORR) announces today its plans for a public offering seeking to raise $100 million in gross proceeds though an offering of approximately 50 million shares. The Company plans to use the proceeds from the offering for general corporate purposes, which may include debt service, capital expenditures and funding of working capital. DNB Carnegie, Clarksons Securities, Citigroup and Goldman Sachs & Co. LLC are joint bookrunners for the offering. The offering will be made pursuant to an effective shelf registration statement which has been filed by the Company with the Securities and Exchange Commission ("S
HAMILTON, Bermuda, July 2, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR) is pleased to announce new contract commitments for four of its premium jack-up rigs, bringing the total number of contracted rigs to 23 out of its fleet of 24. The new awards have a combined duration of approximately 1,300 days, including fixed priced options, and an estimated contract revenue of more than $129 million1. In line with our strategy to optimize near term fleet utilization, these new commitments provide strengthened revenue visibility and increase our contract coverage to 84%2 at an average dayrate of $144,000 for 2025 and 45%2 at an average dayrate of $141,000 for 2026. In the Middle East, the '
HAMILTON, Bermuda, April 24, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR) plans to release its financial results for the first quarter 2025 after the close of the New York Stock Exchange on Wednesday 21 May, 2025. A conference call and webcast is scheduled for 9:00 AM New York Time (15:00 CET) on Thursday 22 May, 2025 and participants are encouraged to dial in 10 minutes before the start of the call. The earnings report, webcast and accompanying presentation will be available from the Investor Relations section on www.borrdrilling.com. In order to listen to the presentation, you may also do one of the following: a) Webcast To access the webcast, please go to the following li
HAMILTON, Bermuda, March 25, 2025 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE:BORR) today filed its Annual Report on Form 20-F for the Year Ended December 31, 2024 (the "2024 Annual Report"). The report is attached to this release. The Company's 2024 Annual Report can be downloaded from the SEC's website (www.sec.gov) from March 25, 2025, and is also available on the Company's website (www.borrdrilling.com). 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---filing-of-2024-annual-report-on-form-20-f,c4123648
HAMILTON, Bermuda, March 17, 2025 /PRNewswire/ -- The Annual General Meeting of Shareholders of Borr Drilling Limited (the "Company") (NYSE: BORR) will be held on Wednesday May 21, 2025. The Board of Directors has fixed the close of business on March 6, 2025, as the record date for determination of the shareholders entitled to receive notice of, attend and vote at the Annual General Meeting or any adjournment thereof. A copy of the Notice of the Annual General Meeting and Form of Proxy will be distributed to shareholders by normal distribution methods and is attached to this press release. Associated information, including the Company's Annual Report, can be found on the Company's website w
HAMILTON, Bermuda, Feb. 19, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR) today announces that the Company's Board of Directors has approved a cash distribution of paid-in capital of US$0.02 per share for the fourth quarter of 2024 to shareholders of record on March 3, 2025. For the shares traded on NYSE, the ex-date is March 3, 2025, and payment date will be on or about March 19, 2025. For shareholders registered in Euronext VPS, the Norwegian Central Security Depository, the ex-date will be February 28, 2025 and payment date is expected to be on or about March 24, 2025. CONTACT: Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208 This information was brought to
HAMILTON, Bermuda, Jan. 30, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) (the "Company") is pleased to announce that it has agreed with its major Mexican customer to receive payment settlement for approximately $125 million related to its outstanding receivables. The Company expects to collect this amount in the first half of February 2025. These payments represent over 75% of the outstanding receivables with this customer as of December 31st, 2024. These collections will be subject to an agreed financing fee in the mid-single digit percentage range. Patrick Schorn, CEO of Borr Drilling, commented: "The commitments by the Mexican government and the PEMEX administration towards es
Highlights Borr financing package to increase liquidity by $200 million, strengthening balance sheet for continued growthBruno Morand to become CEO effective September 1, 2025, following a thorough succession planning processPatrick Schorn to transition from CEO to Executive Chairman of the Board of Directors, providing continuity and expanded leadership bandwidth, with the current Chairman to remain as a DirectorHAMILTON, Bermuda, July 2, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR, ", Borr", , ", Borr Drilling", or the ", Company", )) has announced today that the Company has received commitments from certain commercial banks to: 1) increase existing super senior RCF (SSRCF) to $2
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
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HAMILTON, Bermuda, July 24, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR) plans to release its financial results for the second quarter 2025 after the close of the New York Stock Exchange on Wednesday 13 August, 2025. A conference call and webcast is scheduled for 9:00 AM New York Time (15:00 CET) on Thursday 14 August, 2025 and participants are encouraged to dial in 10 minutes before the start of the call. The earnings report, webcast and accompanying presentation will be available from the Investor Relations section on www.borrdrilling.com. In order to listen to the presentation, you may also do one of the following: a) Webcast To access the webcast, please go to the follow
HAMILTON, Bermuda, April 24, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR) plans to release its financial results for the first quarter 2025 after the close of the New York Stock Exchange on Wednesday 21 May, 2025. A conference call and webcast is scheduled for 9:00 AM New York Time (15:00 CET) on Thursday 22 May, 2025 and participants are encouraged to dial in 10 minutes before the start of the call. The earnings report, webcast and accompanying presentation will be available from the Investor Relations section on www.borrdrilling.com. In order to listen to the presentation, you may also do one of the following: a) Webcast To access the webcast, please go to the following li
HAMILTON, Bermuda, Feb. 19, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR) today announces that the Company's Board of Directors has approved a cash distribution of paid-in capital of US$0.02 per share for the fourth quarter of 2024 to shareholders of record on March 3, 2025. For the shares traded on NYSE, the ex-date is March 3, 2025, and payment date will be on or about March 19, 2025. For shareholders registered in Euronext VPS, the Norwegian Central Security Depository, the ex-date will be February 28, 2025 and payment date is expected to be on or about March 24, 2025. CONTACT: Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208 This information was brought to
HAMILTON, Bermuda, Jan. 21, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR) plans to release its financial results for the fourth quarter 2024 after the close of the New York Stock Exchange on Wednesday 19 February, 2025. A conference call and webcast is scheduled for 15:00 CEST (9:00 AM New York Time) on Thursday 20 February, 2025 and participants are encouraged to dial in 10 minutes before the start of the call. The earnings report, webcast and accompanying presentation will be available from the Investor Relations section on www.borrdrilling.com. In order to listen to the presentation, you may also do one of the following: a) WebcastTo access the webcast, please go to the follow
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