Welcome to our dedicated page for BORR DRILLING news (Ticker: BORR), a resource for investors and traders seeking the latest updates and insights on BORR DRILLING stock.
Borr Drilling Limited (NYSE: BORR) is an offshore shallow-water drilling contractor focused on premium jack-up rigs for oil and gas exploration and production customers. This news page aggregates company press releases and market updates so readers can follow how Borr Drilling’s contracting activity, fleet developments and financing decisions evolve over time.
Recent news highlights include contract extensions and new commitments for several of Borr Drilling’s premium jack-up rigs, such as Galar, Gersemi, Njord, Odin and Grid. Updates have covered multi-year extensions in Mexico, new work in the Gulf of America and Angola, and the impact of international sanctions on certain contracts. These announcements illustrate how the company manages utilization across its fleet and responds to changes in customer demand and regulatory conditions.
Investors can also track capital markets activity through Borr Drilling’s news. The company has announced public offerings of common shares and additional senior secured notes, with stated plans to use proceeds for the acquisition of five premium jack-up rigs from Noble Corporation and for general corporate purposes. News releases further describe steps toward dual listing on Euronext Growth Oslo and the Oslo Stock Exchange alongside its New York Stock Exchange listing.
In addition, quarterly results releases and fleet status reports provide insight into operating revenues, net income, Adjusted EBITDA, contract coverage and utilization across the premium jack-up fleet. Together, these items give context on Borr Drilling’s operational performance, contracting pipeline and financial position. Readers interested in BORR news can use this page to monitor contract awards, extensions, terminations, financing transactions and listing updates that shape the company’s outlook.
Borr Drilling (NYSE: BORR) reported Q4 2025 operating revenue of $259.4 million and a Q4 net loss of $1.0 million. Full-year 2025 net income was $45.0 million and Adjusted EBITDA was $470.1 million. The company closed a $360 million acquisition of five premium jack-ups (completed Jan 2026) and raised debt and equity financing to support fleet expansion. 2025 backlog included 24 contract commitments representing ~5,000 days and $649 million Dayrate Equivalent Backlog.
Conference call scheduled Feb 19, 2026 at 09:00 NY time.
Borr Drilling (NYSE: BORR) will release its Q4 2025 financial results after the New York Stock Exchange close on February 18, 2026. A live webcast and conference call are set for 09:00 New York time (15:00 CET) on February 19, 2026.
The earnings report, webcast and presentation will be available on the company's Investor Relations website and a replay will be posted after the live call.
Borr Drilling (NYSE: BORR) completed the acquisition of five premium jack-up rigs from Noble Corporation for a total purchase price of $360 million on January 28, 2026. The deal raises Borr's fleet to 29 rigs, reinforces its international jack-up footprint, and includes renaming of the five units.
Renamed rigs: Sif (formerly Noble Regina Allen), Freyja (Noble Tom Prosser), Forseti (Noble Mick O'Brien), Bestla (Noble Resolute) and Joro (Noble Resilient). An updated Fleet Status Report incorporates the acquisitions and recent contracting developments.
Noble Corporation (NYSE: NE) completed the sale of five jackup rigs to Borr Drilling (NYSE: BORR) for $360 million, receiving approximately $210 million cash and $150 million in seller notes. The rigs sold were Noble Tom Prosser, Noble Mick O'Brien, Noble Regina Allen, Noble Resilient and Noble Resolute.
Noble will operate Noble Mick O'Brien and Noble Resolute under a bareboat charter with Borr until December 2026, and will operate Noble Resilient through the remainder of its current contract term, including any customer options.
Borr Drilling (NYSE: BORR) announced new firm contract commitments for two premium jack-up rigs.
The Ran received a one-well extension with ENI in Mexico with an anticipated duration of 75 days, keeping the rig on firm contract through March 2026; remaining options allow up to 240 additional days. The Odin secured a contract for two wells plus an optional well with an undisclosed U.S. operator; the campaign is expected to start mid-2026 with ~60 days per well. Odin's new firm commitment activated an option giving customer Cantium a six-month optional period commencing January 2027.
Borr Drilling (NYSE: BORR) announced the settlement of a public offering of 21 million common shares at $4.00 per share for total gross proceeds of $84 million.
The company said it will use these proceeds, together with a priced debt offering announced Dec 9, 2025, seller financing and, if necessary, available cash, to acquire five premium jack-up rigs announced Dec 8, 2025 and for general corporate purposes, including possible debt service, capital expenditures, working capital and potential M&A.
Underwriters included DNB Carnegie and Clarksons Securities as joint global coordinators and bookrunners.
Borr Drilling (NYSE: BORR) announced that subsidiaries priced an offering of additional 10.375% senior secured notes due 2030 for gross proceeds of approximately $165 million on Dec 9, 2025.
The Additional Notes match the terms of existing 2030 secured notes. The company expects settlement on or about December 19, 2025, subject to customary closing conditions.
Proceeds, together with a previously announced equity offering, seller financing and available cash if needed, are planned to fund the acquisition of five premium jack-up rigs (announced Dec 8, 2025) and for general corporate purposes including debt service, capex, working capital and potential M&A.
Borr Drilling (NYSE: BORR) priced a public offering of 21 million common shares at $4.00 per share for total gross proceeds of $84 million.
The company said proceeds, together with a concurrent debt offering, seller financing and available cash if needed, will be used for the potential acquisition of five premium jack-up rigs and for general corporate purposes including debt service, capital expenditures and working capital.
Delivery of shares is expected on or around Dec 10, 2025. The company also expects to begin trading on Euronext Growth Oslo on Dec 19, 2025 as a step toward re-listing on the Oslo Stock Exchange, resulting in an expected dual listing with the NYSE remaining the primary listing.
Borr Drilling (NYSE:BORR) announced an equity offering of 21 million common shares to raise approximately $85 million in gross proceeds. The company intends to use proceeds, together with debt financing, seller financing and available cash, to pursue the potential acquisition of five premium jack-up rigs and for general corporate purposes including debt service, capex and working capital.
Pricing is expected on or around Dec 9, 2025 with delivery the first trading day after pricing. Two directors indicated they each intend to subscribe $10 million through associated companies. The company has started listing its shares on Euronext Growth Oslo, expected to begin trading on Dec 19, 2025, with plans for a dual listing while keeping the NYSE as the primary market.
Borr Drilling (NYSE: BORR) agreed to acquire five premium jack-up rigs from Noble Corporation for a total purchase price of $360 million, increasing its fleet from 24 to 29 rigs.
Transaction financing: $150m new 10.375% senior secured notes due 2030, $150m seller's credit due 2032, and an $85m equity raise. Two rigs will be bareboat-chartered back to the seller for 12 months; those two will be placed in the notes' restricted group. The rigs are expected to generate $29m total earnings before debt service. Closing is expected in Q1 2026, subject to customary conditions. The company also initiated a process to list on Euronext Growth Oslo as a step toward re-listing on the Oslo Stock Exchange.