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 reports developments tied to its international shallow-water drilling business and fleet of modern, high-specification jack-up rigs. Company news commonly covers rig contract awards and extensions, fleet operating status, regional deployment updates, dayrate and coverage commentary, and earnings-release schedules for its offshore oil and gas customers.
Updates also include shareholder meeting notices, annual report availability, and capital-structure actions such as convertible debt offerings or repurchases. Borr Drilling is incorporated in Bermuda and its common shares trade under BORR on the New York Stock Exchange and Euronext Growth Oslo.
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.
Noble Corporation (NYSE: NE) signed definitive agreements to sell six jackups: five rigs to Borr Drilling (NYSE: BORR) for $360 million and one rig to Ocean Oilfield Drilling for $64 million in cash. Closings are subject to customary conditions, with the Borr deal expected in early 2026 (subject to Borr financing) and the Ocean sale expected in Q2 2026 after completion of the Noble Resolve contract.
The Borr transaction includes $210 million cash and $150 million in seller notes (6-year maturity, secured by a first lien on three jackups). Noble will operate two rigs under a one-year bareboat charter and will become a pureplay deepwater and ultra-harsh jackup operator.
Borr Drilling (NYSE: BORR) reported unaudited results for the nine months ended Sept 30, 2025: total operating revenues $277.1M (+4% vs Q2 2025), net income $27.8M (-21% vs Q2), and Adjusted EBITDA $135.6M (+2% vs Q2) with a 48.9% margin. Year-to-date awards include 22 contract commitments covering >4,820 days and ~$625M potential revenue. Collections resumed in Sept-Oct with ~$19M received. Post-quarter, three Mexico contract extensions and new awards in the Gulf of America and Angola were announced. 2026 coverage stands at 62% with an average dayrate of $140,000. Full-year 2025 Adjusted EBITDA guidance: $455M–$470M.
Borr Drilling (NYSE: BORR) announced contract extensions for three premium jack-up rigs and reported recent collections from Mexico. Galar and Gersemi received two-year firm extensions commencing in direct continuation of existing Mexico contracts, each with two one-year unpriced options and improved commercial and payment terms. Njord was extended through April 2026. The stated contract value of the extensions is approximately $213 million (excluding options). The company also received approximately $19 million in payments from Pemex and said discussions continue on longer-term extensions for contracts expiring in Q2 2026.
Borr Drilling (NYSE:BORR) announced termination of two drilling contracts after implementation of international sanctions affecting a counterparty. The terminations concern rigs Odin and Hild, which had firm commitments through November 2025 and March 2026, respectively. The company said it remains committed to complying with international laws and sanctions frameworks and to high standards of corporate governance and compliance.
Borr Drilling (NYSE: BORR) will release its Q3 2025 financial results after NYSE close on Wednesday, 5 November 2025. A live webcast and conference call are scheduled for 10:00 AM New York time (16:00 CET) on Thursday, 6 November 2025. Participants are asked to join 10 minutes early.
The earnings report, webcast and presentation will be posted on the company's Investor Relations website at www.borrdrilling.com. Live access is via the provided webcast link or by registering for the conference call to receive dial‑in details and a unique PIN. A replay of the webcast will be available after the live call.
Borr Drilling Limited (NYSE: BORR), a drilling services company, announced that CEO Bruno Morand will present at the Pareto Securities' 32nd annual Energy Conference on September 10, 2025, in Oslo, Norway.
The presentation materials are available on the company's website at www.borrdrilling.com. Interested parties can direct questions to CFO Magnus Vaaler.
Borr Drilling Limited (NYSE: BORR) has secured new contract commitments for two of its premium jack-up rigs. The Prospector 1 received Letters of Award from Dana Petroleum (30-day contract) and ONE-Dyas (210-day contract) in the Netherlands, with the latter including options for an additional 210 days. The Natt rig secured a 60-day contract with New Age in Congo.
These new commitments total 300 days and represent over $43 million in contract revenue backlog, excluding options and other compensation. Additionally, the previously announced LOA for the "Odin" rig in Mexico has been converted into a contract and operations have commenced.