BORR - Borr Drilling Limited
Borr Drilling saw sizable insider purchases suggesting the current share price is low. While the Q2 results were mixed, successful refinancing and resilience in the Middle East were among the positives. At replacement cost of $300 million per unit, Borr Drilling offers considerable upside.
Acquisition of ~500,000 shares at $4.39 per share resulted in a total investment of ~$2.2 million as of August 14, 2026. The purchase increased the director's total equity position by 2% relative to previous holdings.
While this was largely due to an accounting charge, it resulted in a significant miss on analyst estimates. That said, the company remains busy amid elevated activity in the energy industry.
Borr Drilling Limited (BORR) Q2 2026 Earnings Call Transcript
Borr Drilling NYSE: BORR reported lower second-quarter adjusted EBITDA and a wider net loss as rig transitions, startup costs for the Odin rig, higher fuel and insurance expenses, and a credit-loss provision weighed on results. Management said it expects a significant sequential improvement in the third quarter as transitioned rigs return to work and the Odin begins its U.S. Gulf campaign.
/PRNewswire/ -- Please find enclosed the presentation of Borr Drilling Limited's financial results for the three and six months ended June 30, 2026 to be held
HAMILTON, Bermuda, August 12, 2026 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) (OSE: BORR) (the "Company") today filed its unaudited interim financial report on Form 6-K for the three and six months ended June 30, 2026 with the U.S. Securities and Exchange Commission ("SEC"). The report is enclosed with this release.
Borr Drilling Limited Announces Second Quarter 2026 Results PR Newswire HAMILTON, Bermuda, August 11, 2026
HAMILTON , Bermuda, August 11, 2026 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) (OSE: BORR) ("Borr", "Borr Drilling" or the "Company") announces unaudited results for the three and six months ended June 30, 2026. Highlights: Second Quarter total operating revenues of $232.3 million, a decrease of $14.7 million or 6% compared to the first quarter of 2026.
Borr Drilling Limited - Completes Acquisition of Five Rigs Through New Joint Venture PR Newswire HAMILTON, Bermuda
HAMILTON, Bermuda, July 29, 2026 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) (OSE: BORR) ("Borr Drilling" or the "Company") today announced that BC Ventures Limited ("BC Ventures"), a 50/50 joint venture between the Company and its long-term well construction partner in Mexico, has completed the previously announced acquisition of five premium jack-up rigs from Fontis Finance Ltd. for a total purchase price of $287 million.
HAMILTON, Bermuda, July 15, 2026 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) (OSE: BORR) (the "Company") plans to release its financial results for the second quarter of 2026 (April 1 to June 30) after the close of trading on NYSE on Tuesday, August 11, 2026. A conference call and webcast are scheduled for 09:00 New York time (15:00 CEST) on Wednesday, August 12, 2026.
Borr Drilling maintains a modern fleet of high-specification jack-up rigs for international offshore energy projects. ProPetro holds a strong regional presence in the Permian Basin, focusing on hydraulic fracturing and completion services.
HAMILTON, Bermuda, June 29, 2026 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) (OSE: BORR) ("Borr Drilling" or the "Company") today announced the final tender results of the previously announced offer by Borr IHC Limited (the "Issuer"), the Company's wholly-owned subsidiary, to purchase for cash (the "Tender Offer") (i) any and all of its outstanding 10.000% Senior Secured Notes due 2028 (the "2028 Notes") and (ii) any and all of its outstanding 10.375% Senior Secured Notes Due 2030 (the "2030 Notes" and, together with the 2028 Notes, the "Notes"), and the related solicitation of consents (the "Consent Solicitation") from Holders to vote in favor of certain proposed amendments (the "Proposed Amendments") to the indenture dated November 7, 2023 (as amended or supplemented from time to time, the "Existing Indenture"), in each case pursuant to the terms and subject to the conditions set forth in the offer to purchase and consent solicitation statement dated May 26, 2026 (as amended or supplemented from time to time, the "Statement"). Capitalized terms used but not otherwise defined in this release have the meaning given in the Statement.
Patrick Schorn exercised options for 1.2 million shares at around $1.66 per share. This transaction increased Schorn's direct ownership by more than 50%, raising his direct holdings 3,535,000 shares.
NEW YORK, June 25, 2026 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Borr Drilling Limited ("Borr" or the "Company") (NYSE: BORR). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
NEW YORK, June 23, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Borr Drilling Limited (“Borr” or the “Company”) (NYSE: BORR). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
NEW YORK, June 18, 2026 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Borr Drilling Limited ("Borr" or the "Company") (NYSE: BORR). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
NEW YORK, June 16, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Borr Drilling Limited (“Borr” or the “Company”) (NYSE: BORR). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
Borr is undergoing a 30% correction off its recent highs so far as a strategic investor has been trimming their holdings. Other insiders have stepped in to add shares, suggesting the strategic investor isn't sizing down due to negative fundamental information. Borr has made a couple of important asset acquisitions and has taken off the table any near-term refinancing or liquidity risk.