Why Borr Drilling Stock Was Slumping This Week
The oil rig specialist delivered a disappointing first quarter.
BORR - Borr Drilling Limited
Price:
--
--
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$5.70
DETAILS
HIGH:
$9.00
LOW:
$2.40
MEDIAN:
$5.70
CONSENSUS:
$5.70
UPSIDE:
3.26%
Stock News
Borr Drilling Limited (BORR) Q1 2026 Earnings Call Transcript
Borr Drilling Limited (BORR) Q1 2026 Earnings Call Transcript
Borr Drilling Q1 Earnings Call Highlights
Borr Drilling NYSE: BORR reported lower first-quarter revenue and a net loss as delayed rig start-up activity, contract transitions and a credit loss provision weighed on results, while management said contracting momentum has improved the company's coverage for the remainder of 2026.
Borr Drilling Limited - Q1 2026 Presentation
HAMILTON, Bermuda, May 21, 2026 /PRNewswire/ -- Please find enclosed the presentation of Borr Drilling Limited's first quarter 2026 results to be held on the webcast/conference call at 09:00 New York time (15:00 CEST) on Thursday, May 21, 2026. In order to listen to the presentation, participants 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/inc8qdus b) Conference Call Please use this link to register for the conference call: https://register-conf.media-server.com/register/BIce9fcdcdcdf44d4d947622b4da3afbd6 Participants will then receive dial-in details on screen and via email and may choose to dial in with their unique pin or select "Call me" and provide telephone details for the system to link them automatically.
Borr Drilling Limited Announces First Quarter 2026 Results
Borr Drilling Limited Announces First Quarter 2026 Results PR Newswire HAMILTON, Bermuda, May 20, 2026
Borr Drilling Limited - Commencement of Trading on Euronext Oslo Børs and Publication of Prospectus
Borr Drilling Limited - Commencement of Trading on Euronext Oslo Børs and Publication of Prospectus PR Newswire
Borr Drilling Limited Announces First Quarter 2026 Results
HAMILTON, Bermuda, May 20, 2026 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) ("Borr", "Borr Drilling" or the "Company") announces unaudited results for the three months ended March 31, 2026. Highlights First Quarter total operating revenues of $247.0 million, a decrease of $12.4 million or 5% compared to the fourth quarter of 2025 First Quarter net loss of $29.0 million compared to net loss of $1.0 million in the fourth quarter of 2025 First Quarter Adjusted EBITDA of $88.5 million, a decrease of $16.7 million or 16% compared to the fourth quarter of 2025 Completed the acquisition of five premium jack-up rigs from Noble Corporation in January 2026 for a total purchase price of $360 million Entered into agreements to acquire five premium jack-up rigs via new 50/50 joint venture for a total purchase price of $287 million Subsequent to quarter-end, completed an offering of $300 million aggregate principal amount of senior unsecured convertible notes due 2033, with proceeds primarily used to repurchase existing convertible bonds due 2028 Year-to-date 2026, the Company has been awarded 13 contract commitments, representing more than 2,250 days and $274 million of Dayrate Equivalent Backlog.
Borr Drilling Limited - Commencement of Trading on Euronext Oslo Børs and Publication of Prospectus
HAMILTON, Bermuda, May 20, 2026 /PRNewswire/ -- Reference is made to the announcement by Euronext Oslo Børs on May 7, 2026 regarding the approval to transfer the listing of the shares in Borr Drilling Limited (NYSE: BORR) (OSE: BORR) ("Borr Drilling" or "the Company") from trading on Euronext Growth Oslo to Euronext Oslo Børs (the main list). As of tomorrow, May 21, 2026, the Company's shares will be listed on Euronext Oslo Børs and will continue to trade under the ticker "BORR" and ISIN BMG1466R1732.
Borr Drilling Limited - 2026 AGM Results Notification
HAMILTON, Bermuda, May 20, 2026 /PRNewswire/ -- Borr Drilling Limited (NYSE and Euronext Growth Oslo: BORR) (the "Company") advises that the 2026 Annual General Meeting of the Company was held on May 20, 2026 at 09:30 ADT at 2nd Floor, The S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda.
Borr Drilling Limited - Invitation to Webcast and Conference Call for Q1 2026 Results
HAMILTON, Bermuda, April 20, 2026 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) and (Euronext Growth Oslo: BORR) (the "Company") plans to release its financial results for the first quarter of 2026 after the close of trading on NYSE on Wednesday, May 20, 2026. A conference call and webcast are scheduled for 09:00 New York time (15:00 CEST) on Thursday, May 21, 2026.
Borr Drilling Limited - Completes Offering of Convertible Senior Notes due 2033
HAMILTON, Bermuda, April 17, 2026 /PRNewswire/ -- Borr Drilling Limited (NYSE and Euronext Growth Oslo: BORR) ("Borr Drilling" or the "Company") today announced that is has completed its previously announced offering of convertible senior notes due 2033 (the "Notes"). The Company sold $300 million aggregate principal amount of the Notes, including $40 million aggregate principal amount of the Notes sold pursuant to the initial purchasers' exercise in full of their option to purchase additional Notes to cover over-allotments in connection with the offering.
Borr Drilling: Recent Pullback Provides Buying Opportunity (Rating Upgrade)
Since my last public update on leading shallow water driller Borr Drilling, shares have rallied by more than 200% at their peak. BORR has taken advantage of improved sentiment by expanding its fleet and refinancing legacy convertible debt at favorable terms. In recent quarters, the jackup market has been showing signs of life, with tendering activity increasing to new multi-year highs.
Borr Drilling Limited - Announces Pricing of $260 million of 3.50% Convertible Senior Notes due 2033
HAMILTON, Bermuda, April 15, 2026 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) and (Euronext Growth Oslo: BORR) ("Borr Drilling" or the "Company") today announced the pricing of $260 million in aggregate principal amount senior notes due in 2033 (the "Notes") to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933. The Company has also granted the initial purchasers of the Notes an option to purchase, within a 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional $40 million aggregate principal amount of the Notes, solely to cover over-allotments, if any, in connection with the offering.
Borr Drilling Announces Proposed Offering of $250 million of Convertible Senior Notes due 2033
HAMILTON, Bermuda, April 14, 2026 /PRNewswire/ -- Borr Drilling Limited (NYSE and Euronext Growth Oslo: BORR) ("Borr Drilling" or the "Company") today announced that it intends to offer, subject to market and other conditions, $250 million aggregate principal amount of convertible senior notes due 2033 (the "Notes") to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933. The Company also intends to grant the initial purchasers of the Notes an option to purchase, within a 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional $37.5 million aggregate principal amount of the Notes, solely to cover over-allotments, if any, in connection with the offering.
Borr Drilling Limited - Operational and Contracting Updates
HAMILTON, Bermuda, April 13, 2026 /PRNewswire/ -- Borr Drilling Limited (NYSE and Euronext Growth Oslo: BORR) ("Borr Drilling" or the "Company") today provided operational updates on its fleet, including developments related to the ongoing situation in the Middle East, and announced a new contract commitment. With reference to the Company's update on March 9, 2026 about its four rigs deployed in the Middle East, the Arabia III resumed operations offshore Saudi Arabia in late March 2026.
Borr Drilling Limited - Notice of Annual General Meeting
HAMILTON, Bermuda, April 7, 2026 /PRNewswire/ -- The Annual General Meeting of Shareholders of Borr Drilling Limited (NYSE and Euronext Growth Oslo: BORR) (the "Company") will be held on Wednesday, May 20, 2026. The Board of Directors has fixed the close of business on April 7, 2026, 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.
Capricorn Fund Managers Ltd Makes New $443,000 Investment in Borr Drilling Limited $BORR
Capricorn Fund Managers Ltd bought a new stake in Borr Drilling Limited (NYSE: BORR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 110,000 shares of the company's stock, valued at approximately $443,000. Several other institutional investors and hedge
Borr Drilling Limited - Contracting Updates
HAMILTON, Bermuda, April 1, 2026 /PRNewswire/ -- Borr Drilling Limited (NYSE and Euronext Growth Oslo: BORR) ("Borr Drilling" or the "Company") is pleased to announce new contract commitments for four of its premium jack-up rigs. In West Africa, the Prospector 5 has received a binding letter of award ("LOA") from BW Energy in Gabon.
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Borr Drilling Limited - Filing of 2025 Annual Report on Form 20-F
HAMILTON, Bermuda, March 26, 2026 /PRNewswire/ -- Borr Drilling Limited (NYSE and Euronext Growth Oslo: BORR) ("Borr Drilling" or the "Company") today filed its annual report on Form 20-F for the year ended December 31, 2025 (the "Annual Report") with the U.S. Securities and Exchange Commission (the "SEC"). The Annual Report is enclosed with this press release.