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 Ltd (BORR) delivers modern offshore drilling solutions through its fleet of high-specification jack-up rigs. This news hub provides investors and industry professionals with timely updates on operational milestones, contract awards, and strategic developments shaping the company’s position in the global energy sector.
Access consolidated coverage of earnings reports, rig deployments, and safety achievements. Our repository ensures you stay informed about BORR’s progress in securing long-term drilling commitments and managing its premium asset portfolio across key offshore regions.
Discover updates on fleet expansions, partnership agreements, and operational efficiency initiatives. All content is curated to help stakeholders track the company’s performance in competitive markets while maintaining compliance with industry regulations.
Bookmark this page for streamlined access to Borr Drilling’s latest press releases and market-moving announcements. Check regularly for authoritative reporting on operational excellence in challenging offshore environments.
Borr Drilling (NYSE: BORR) has announced it will release its Q1 2025 financial results after the NYSE market close on Wednesday, May 21, 2025. The company will host a conference call and webcast to discuss the results on Thursday, May 22, 2025, at 9:00 AM New York Time (15:00 CET).
Participants are advised to join 10 minutes before the call starts. The earnings report, webcast, and presentation materials will be accessible through the Investor Relations section of www.borrdrilling.com. The company has provided multiple access options including webcast link and conference call registration, with replay streaming available after the event.
Borr Drilling (NYSE: BORR) has announced significant contract updates for its premium jack-up rigs. The company has secured new awards for rigs 'Thor', 'Gerd', and 'Norve' with a combined duration of 774 days and estimated contract revenues of $120 million, excluding mobilization fees.
Three previously suspended rigs in Mexico ('Galar', 'Grid', and 'Gersemi') have received re-mobilization notices and will resume operations in Q2 2025. Additionally, rigs 'Arabia I' and 'Vali' have commenced their long-term contracts, enabling the company to invoice approximately $48 million in lump-sum mobilization revenues.
With these developments, six rigs that were idle during Q1 2025 will resume operations, positioning the company for improved utilization, revenue, and EBITDA starting Q2 2025.
Borr Drilling (NYSE: BORR) has announced the filing of its Annual Report on Form 20-F for the Year Ended December 31, 2024 with the SEC on March 25, 2025. The 2024 Annual Report is now accessible through multiple channels:
- SEC's website (www.sec.gov)
- Company's website (www.borrdrilling.com)
For inquiries, stakeholders can contact CFO Magnus Vaaler at +44 1224 289208.
Borr Drilling (NYSE: BORR) has announced its upcoming Annual General Meeting scheduled for Wednesday, May 21, 2025. The company has established March 6, 2025, as the record date for determining shareholders eligible to receive notice, attend, and vote at the meeting or any adjournment.
The Notice of Annual General Meeting and Form of Proxy will be distributed to shareholders through normal channels. Shareholders can access additional information, including the Company's Annual Report, on the corporate website at www.borrdrilling.com.
Borr Drilling (NYSE: BORR) has announced a cash distribution of $0.02 per share for the fourth quarter of 2024. The distribution was approved by the Company's Board of Directors and will be paid to shareholders of record on March 3, 2025. For NYSE-traded shares, the ex-date is March 3, 2025, with payment expected around March 19, 2025.
For shareholders registered in Euronext VPS (Norwegian Central Security Depository), the ex-date is set for February 28, 2025, with payment expected around March 24, 2025.
Borr Drilling (NYSE: BORR) has reached an agreement with its major Mexican customer for a payment settlement of approximately $125 million for outstanding receivables. The payment, expected in the first half of February 2025, represents over 75% of the outstanding receivables with this customer as of December 31st, 2024. The collections will include a financing fee in the mid-single digit percentage range.
CEO Patrick Schorn noted that the Mexican government and PEMEX administration's commitment to establishing a sustainable supplier payment mechanism could positively impact future offshore drilling opportunities in Mexico.
Borr Drilling (NYSE: BORR) has announced it will release its Q4 2024 financial results after the NYSE market close on Wednesday, February 19, 2025. The company will host a conference call and webcast on Thursday, February 20, 2025, at 15:00 CEST (9:00 AM New York Time).
Participants are advised to join 10 minutes before the call start time. The earnings report, webcast, and presentation materials will be accessible through the Investor Relations section of www.borrdrilling.com. The company has provided multiple access options including a webcast link and a conference call registration system that offers both dial-in and 'Call me' features. A replay stream will be available after the call.
Borr Drilling (NYSE: BORR) has announced a temporary suspension of operations for three of its rigs - Galar, Gersemi, and Grid - in Mexico. The suspension period extends until March 31, 2025. Based on discussions with their customer, the company indicates that some or all of these rigs may resume operations before the end of the suspension period.
Borr Drilling (NYSE: BORR) has announced its participation in the Fearnley Securities' Annual Offshore Drilling Seminar, scheduled for January 15 and 16, 2025, in New York and London respectively. The company has made the presentation materials publicly available on their official website at www.borrdrilling.com.
Interested parties can direct their questions to CFO Magnus Vaaler at +44 1224 289208. The presentation documents are also available for download through the provided Cision link, featuring the 'Borr Drilling - Fearnleys 2025 presentation'.
Borr Drilling (NYSE: BORR) has provided an update on its share repurchase program initiated on December 13, 2024. The company has purchased 2,279,305 shares at an average price of $3.763 per share, totaling $8.58 million through December 20, 2024. This represents the First Tranche of a larger $10 million repurchase program, which is part of the Board's authorized $20 million share buyback commitment for 2024. Following these transactions, Borr Drilling has repurchased a total of 4,745,586 shares, representing 1.80% of the company's total issued shares.
