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 |
|---|---|---|---|
| 9/11/2025 | $3.25 | Neutral | Citigroup |
| 7/14/2025 | Buy → Neutral | BTIG Research | |
| 9/13/2024 | $9.00 | In-line → Outperform | Evercore ISI |
| 1/6/2023 | Neutral → Buy | BTIG Research |
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HAMILTON, Bermuda, Dec. 9, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR) (the "Company") announced today that its wholly owned subsidiary Borr IHC Limited and certain other subsidiaries have priced an offering of additional 10.375% senior secured notes due 2030 (the "Additional Notes") for gross proceeds of approximately $165 million. The Additional Notes will have the same terms and conditions as the existing senior secured notes due 2030. The Company plans to use the proceeds from the Additional Notes offering, together with the proceeds from its previously announced equity offering, seller financing and, if necessary, available cash, for the acquisition of five premium jack-up r
HAMILTON, Bermuda, Dec. 9, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR) (the "Company") announces today that it has priced its previously announced offering of 21 million common shares at a price of $4.00 per share for total gross proceeds of $84 million (the "Equity Offering"). The Company plans to use the proceeds from the Equity Offering, together with proceeds from a concurrent debt offering, seller financing and, if necessary, available cash, for the potential acquisition of five premium jack-up rigs and for general corporate purposes, which may include debt service, capital expenditures, funding of working capital and potential mergers and acquisitions. It is expected that
HAMILTON, Bermuda, Dec. 8, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR) (the "Company") announces today its plans to raise approximately $85 million in gross proceeds though an offering of 21 million shares (the "Equity Offering"). The Company plans to use the proceeds from the Equity Offering, together with proceeds from a debt offering, seller financing and, if necessary, available cash, for the potential acquisition of five premium jack-up rigs and for general corporate purposes, which may include debt service, capital expenditures, funding of working capital and potential mergers and acquisitions. DNB Carnegie, Inc. and Clarksons Securities AS are joint global coordinators and
HAMILTON, Bermuda, Dec. 8, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR) ("Borr Drilling" or the "Company") has entered into an agreement to acquire five premium jack-up rigs from Noble Corporation, consisting of three Friede & Goldman JU-3000N design rigs and two Gusto MSC CJ50 design rigs, for a total purchase price of $360 million. These rigs have complementary specifications and geographic footprint to Borr Drilling's existing fleet, enabling the Company to leverage its best-in-class platform to maximize the value of these assets while offering our customers a larger and versatile fleet. Upon completion of the acquisition, the Company's fleet size will increase from 24 to 29 ri
HOUSTON, Dec. 8, 2025 /PRNewswire/ -- Noble Corporation plc (NYSE:NE, ", Noble", or the ", Company", )) today announced that the Company has signed definitive agreements to sell six jackups, which includes the sale of five rigs to Borr Drilling Limited (NYSE:BORR, ", Borr", )) for $360 million and a separate transaction for the sale of one rig to Ocean Oilfield Drilling for $64 million in cash. Upon closing of these transactions, which are subject to satisfaction of customary closing conditions, Noble will be a pureplay deepwater and ultra-harsh environment jackup operator. The agreement with Borr, comprising $210 million in cash and $150 million in seller notes, includes the sale of the No
HAMILTON, Bermuda, Nov. 5, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR) ("Borr", "Borr Drilling" or the "Company") announces unaudited results for the nine months ended September 30, 2025. Highlights Total operating revenues of $277.1 million, an increase of $9.4 million or 4% compared to the second quarter of 2025Net income of $27.8 million, a decrease of $7.3 million or 21% compared to the second quarter of 2025Adjusted EBITDA of $135.6 million, an increase of $2.4 million or 2% compared to the second quarter of 2025YTD 2025, the company was awarded 22 new contract commitments, representing more than 4,820 days and $625 million of potential contract revenueCEO, Bruno Morand com
HAMILTON, Bermuda, Oct. 27, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR) (the "Company") today announced contract extensions for three of its premium jack-up rigs and provided an update on collections in Mexico. The rigs Galar and Gersemi have each been awarded two-year firm contract extensions that will commence in direct continuation of their existing contracts in Mexico. The extensions also include two one-year unpriced options and improved commercial and payment terms. In addition, the rig Njord has received a contract extension through April 2026. The contract value of the extensions is approximately $213 million1, excluding options. The Company remains in active discussions
HAMILTON, Bermuda, Oct. 24, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) (the "Company") announces that it has terminated two of its drilling contracts following the recent implementation of international sanctions affecting a counterparty. The terminations relate to the contracts for the rigs Odin and Hild in Mexico that had firm commitments until November 2025 and March 2026, respectively. The Company remains fully committed to adhering to all relevant international laws and sanctions frameworks and to maintaining the highest standards of corporate governance and compliance. This information was brought to you by Cision http://news.cision.com https://news.cision.com/borr-drilli
HAMILTON, Bermuda, Oct. 15, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR) plans to release its financial results for the third quarter of 2025 after the close of the New York Stock Exchange on Wednesday, 5 November 2025. A conference call and webcast are scheduled for 10:00 AM New York time (16:00 CET) on Thursday, 6 November 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 on the Investor Relations section of its website, www.borrdrilling.com. In order to listen to the live presentation, participants may do one of the following: a) WebcastTo access the webcast,
HAMILTON, Bermuda, Sept. 10, 2025 /PRNewswire/ -- Borr Drilling Limited's (the "Company") (NYSE:BORR) CEO, Bruno Morand, will present at the Pareto Securities' 32nd annual Energy Conference, today, September 10, 2025 in Oslo, Norway. A copy of the presentation is available on the Company's website at www.borrdrilling.com and enclosed to this release. 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---presentation-at-pareto-securities--32nd-annual-energy-conference,c4232426 The following files are available for download: http
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Citigroup initiated coverage of Borr Drilling with a rating of Neutral and set a new price target of $3.25
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
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)
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SCHEDULE 13G - Borr Drilling Ltd (0001715497) (Subject)
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)
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HAMILTON, Bermuda, Nov. 5, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR) ("Borr", "Borr Drilling" or the "Company") announces unaudited results for the nine months ended September 30, 2025. Highlights Total operating revenues of $277.1 million, an increase of $9.4 million or 4% compared to the second quarter of 2025Net income of $27.8 million, a decrease of $7.3 million or 21% compared to the second quarter of 2025Adjusted EBITDA of $135.6 million, an increase of $2.4 million or 2% compared to the second quarter of 2025YTD 2025, the company was awarded 22 new contract commitments, representing more than 4,820 days and $625 million of potential contract revenueCEO, Bruno Morand com
HAMILTON, Bermuda, Oct. 15, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR) plans to release its financial results for the third quarter of 2025 after the close of the New York Stock Exchange on Wednesday, 5 November 2025. A conference call and webcast are scheduled for 10:00 AM New York time (16:00 CET) on Thursday, 6 November 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 on the Investor Relations section of its website, www.borrdrilling.com. In order to listen to the live presentation, participants may do one of the following: a) WebcastTo access the webcast,
HAMILTON, Bermuda, Aug. 13, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR) ("Borr", "Borr Drilling" or the "Company") announces unaudited results for the six months ended June 30, 2025. Highlights Total operating revenues of $267.7 million, an increase of $51.1 million or 24% compared to the first quarter of 2025Net income of $35.1 million, an increase of $52.0 million compared to the net loss in the first quarter of 2025Adjusted EBITDA of $133.2 million, an increase of $37.1 million or 39% compared to the first quarter of 2025YTD 2025, the company was awarded 14 new contract commitments, representing approximately 2,584 days and $318 million of potential contract revenueOther Even
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
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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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