| Borr Drilling Limited - Invitation to webcast and conference call Q1 2025 results |
HAMILTON, Bermuda , April 24, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) plans to release its financial results for the first quarter 2025 after the close of the New York Stock Exchange on Wednesday 21 May, 2025. A conference call and webcast is scheduled for 9:00 AM New York Time (15:00 CET) on Thursday 22 May, 2025 and participants are encouraged to dial in 10 minutes before the start of the call. |
prnewswire.com |
2025-04-24 08:32:00 |
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| Borr Drilling Limited - Filing of 2024 Annual Report on Form 20-F |
HAMILTON, Bermuda , March 25, 2025 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) today filed its Annual Report on Form 20-F for the Year Ended December 31, 2024 (the "2024 Annual Report"). The report is attached to this release. |
prnewswire.com |
2025-03-25 10:29:00 |
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| Borr Drilling Limited - Notice of Annual General Meeting |
HAMILTON, Bermuda , March 17, 2025 /PRNewswire/ -- The Annual General Meeting of Shareholders of Borr Drilling Limited (the "Company") (NYSE: BORR) will be held on Wednesday May 21, 2025. The Board of Directors has fixed the close of business on March 6, 2025, 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. |
prnewswire.com |
2025-03-17 09:38:00 |
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| Borr Drilling Limited (BORR) Q4 2024 Earnings Call Transcript |
Borr Drilling Limited (BORR) Q4 2024 Earnings Call Transcript |
seekingalpha.com |
2025-02-20 16:48:26 |
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| Borr Drilling Limited - Dividend declaration and key information relating to the cash distribution for the fourth quarter 2024 |
HAMILTON, Bermuda , Feb. 19, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) today announces that the Company's Board of Directors has approved a cash distribution of paid-in capital of US$0.02 per share for the fourth quarter of 2024 to shareholders of record on March 3, 2025. For the shares traded on NYSE, the ex-date is March 3, 2025, and payment date will be on or about March 19, 2025. |
prnewswire.com |
2025-02-19 18:33:00 |
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| Borr Drilling Limited - Collections update Mexico |
HAMILTON, Bermuda , Jan. 30, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) (the "Company") is pleased to announce that it has agreed with its major Mexican customer to receive payment settlement for approximately $125 million related to its outstanding receivables. The Company expects to collect this amount in the first half of February 2025. |
prnewswire.com |
2025-01-30 20:06:00 |
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| Borr Drilling Limited - Invitation to webcast and conference call Q4 2024 results |
HAMILTON, Bermuda , Jan. 21, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) plans to release its financial results for the fourth quarter 2024 after the close of the New York Stock Exchange on Wednesday 19 February, 2025. A conference call and webcast is scheduled for 15:00 CEST (9:00 AM New York Time) on Thursday 20 February, 2025 and participants are encouraged to dial in 10 minutes before the start of the call. |
prnewswire.com |
2025-01-21 06:26:00 |
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| Borr Drilling Limited to Present at the Fearnley Securities' Annual Offshore Drilling Seminar |
HAMILTON, Bermuda , Jan. 15, 2025 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) will present at the Fearnley Securities' Annual Offshore Drilling Seminar in New York and London on January 15 and 16, 2025, respectively. A copy of the presentation to be held is available on the Company's website at www.borrdrilling.com and enclosed to this release. |
prnewswire.com |
2025-01-15 10:53:00 |
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| Borr Drilling: Leading The Jack-Up Offshore Drilling Market |
The jack-up market is characterized by some of the tightest supply conditions in the maritime sector. Approximately 30% of the global fleet has been operating for 30 years or more. The order book represents only 3% of the global fleet, and even if current rates do not incentivize the construction of new rigs, delivery times are still over 3 years. With one of the largest and youngest portfolios in the industry, Borr Drilling is uniquely positioned to benefit from those tight supply conditions over the long term. |
seekingalpha.com |
2025-01-14 05:28:11 |
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| The Bottom Fishing Club: If Oil Spikes, Borr Drilling Could Be A Huge Winner |
Borr Drilling stands out as an undervalued offshore driller with improving financials, high utilization rates, and potential growth into the U.S. market under President Trump. Borr's valuation is quite attractive, looking at extremely low forward P/E and EV/EBITDA ratios or record-low multiples on sales. High levels of management ownership, and the real possibility of increased dividends and share buybacks are solid reasons to consider purchasing shares. |
seekingalpha.com |
2025-01-06 06:13:33 |
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| Borr Drilling - Update on Share Repurchase Program |
HAMILTON, Bermuda , Dec. 23, 2024 /PRNewswire/ -- Borr Drilling Limited ("Borr Drilling" or the "Company") (NYSE: BORR) (OSE: BORR) initiated a share repurchase program on December 13, 2024 to repurchase USD 10 million of the Company's common shares in open market transactions ("the First Tranche") on the OSE and NYSE until no later than December 31, 2024 pursuant to an agreement with DNB Markets, a part of DNB Bank ASA ("DNB Markets"). This was the second step under the Board of Directors authorized commitment to repurchase $20 million worth of shares before the end of 2024. |
prnewswire.com |
2024-12-22 23:50:00 |
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| Borr Drilling Limited - Update on Share Repurchase Program |
HAMILTON, Bermuda , Dec. 12, 2024 /PRNewswire/ -- Borr Drilling Limited ("Borr Drilling" or the "Company") (NYSE: BORR) (OSE: BORR) refers to i) its announcement on 6 November 2024, where the Company announced the authorization by its Board of Directors of a commitment to repurchase $20 million worth of shares within year end 2024, under its previously announced $100 million share repurchase authorization, and ii) the announcement on November 20, 2024, where the Company announced the completion of the first $10 million repurchases under the $20 million authorization (the "First Tranche"). The Company has entered a new agreement with DNB Markets ("DNB") to effect the purchase of the remaining $10 million worth of shares under the $20 million authorization in open market transactions on OSE and NYSE by December 31, 2024 (the "Second Tranche"). |
prnewswire.com |
2024-12-12 18:52:00 |
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| Borr Drilling Limited - Contracting update |
HAMILTON, Bermuda , Dec. 9, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) (OSE: BORR) is pleased to announce a new contract commitment for its premium jack-up rig "Norve" with a repeat customer in West Africa. This work is in direct continuation of the Marathon Oil contract and is estimated to commence in Q3 2025. |
prnewswire.com |
2024-12-09 20:04:00 |
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| This oil and gas stock could 4x your money in 2025 |
Borr Drilling Ltd (NYSE: BORR) is positioned for exceptional returns in 2025, as per Thiago Mordehachvili – the chief investment officer of London-based Granular Capital. He recommends investing in the offshore drilling vessels company as more than 30% of the global jack-up fleet is close to retirement. |
invezz.com |
2024-11-26 14:06:57 |
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| Borr Drilling: 3 Reasons To Look Beyond The Current Selloff |
Borr Drilling sold off on news that Aramco is suspending one of its rigs. The sell-off is perhaps amplified by the Oslo de-listing as certain institutional holders can no longer own the stock. Despite the worries, Borr Drilling is expected to generate 20% FCF yield next year under conservative assumptions. |
seekingalpha.com |
2024-11-25 02:23:05 |
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| Borr Drilling - Update on Share Repurchase Program |
HAMILTON, Bermuda , Nov. 20, 2024 /PRNewswire/ -- Borr Drilling Limited ("Borr Drilling" or the "Company") (NYSE: BORR) (OSE: BORR) initiated a share repurchase program on November 12, 2024 to repurchase USD 10 million of the Company's common shares in open market transactions ("the First Tranche") on the OSE and NYSE until no later than November 30, 2024 pursuant to an agreement with DNB Markets, a part of DNB Bank ASA ("DNB Markets"). This was the initial step under the Board of Directors authorized commitment to repurchase $20 million worth of shares before the end of 2024. |
prnewswire.com |
2024-11-20 03:48:00 |
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| Borr Drilling Limited - Temporary Suspension Notice |
HAMILTON, Bermuda , Nov. 19, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) has received a notice of temporary suspension of operation for its rig "Arabia II", operating in Saudi Arabia. The temporary suspension will be for a period of up to 12 months. |
prnewswire.com |
2024-11-19 19:35:00 |
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| Borr Drilling Limited - Notification of PDMR transaction |
HAMILTON, Bermuda , Nov. 11, 2024 /PRNewswire/ -- Drew Holdings Ltd., a close associate of Mr. |
prnewswire.com |
2024-11-11 03:09:00 |
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| Borr Drilling Limited (BORR) Q3 2024 Earnings Call Transcript |
Borr Drilling Limited (NYSE:BORR ) Q3 2024 Earnings Conference Call November 7, 2024 9:00 AM ET Company Participants Patrick Schorn - Chief Executive Officer Magnus Vaaler - Chief Financial Officer Bruno Morand - Chief Commercial Officer Conference Call Participants Truls Olsen - Fearnley Securities Fredrik Stene - Clarksons Securities Chris Lee - Evercore ISI Patrick Schorn Good morning and thank you for participating in the Borr Drilling Third Quarter Earnings Call. I'm Patrick Schorn and with me here in Bermuda today, following the Borr Drilling Board meeting, is Bruno Morand, our Chief Commercial Officer; and Magnus Vaaler, our Chief Financial Officer. |
seekingalpha.com |
2024-11-09 13:17:07 |
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| Borr Drilling Limited - Q3 2024 Presentation |
HAMILTON, Bermuda, Nov. 7, 2024 /PRNewswire/ -- Please find enclosed the presentation of Borr Drilling Limited's third quarter 2024 results to be held on the webcast/conference call at 15:00 CET (9:00 AM New York time) on November 7, 2024. In order to listen to the presentation, you may do one of the following: Webcast To access the webcast, please go to the following link: https://edge.media-server.com/mmc/p/fcm3dyij Conference Call Please use this link to register for the conference call, https://register.vevent.com/register/BIea4864aaf4d64820b9752cb43cff5bf1 Participants will then receive dial-in details on screen and via email and can then choose to dial in with their unique pin or select "Call me" and provide telephone details for the system to link them automatically. |
prnewswire.com |
2024-11-07 10:50:00 |
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| Borr Drilling Limited - Grant of Restricted Stock Units |
HAMILTON, Bermuda , Nov. 6, 2024 /PRNewswire/ -- The Board of Directors of Borr Drilling Limited (the "Company") (OSE and NYSE "BORR") informs that it has resolved to grant 136,612 Restricted Stock Units (each, a "RSU") to its Directors. Each RSU represents one share in the Company. |
prnewswire.com |
2024-11-06 19:48:00 |
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| Borr Drilling Limited Announces Third Quarter 2024 Results |
HAMILTON, Bermuda , Nov. 6, 2024 /PRNewswire/ -- Borr Drilling Limited ("Borr", "Borr Drilling" or the "Company") announces unaudited results for the three and nine months ended September 30, 2024. Highlights Total operating revenues of $241.6 million, a decrease of $30.3 million or 11% compared to the second quarter of 2024 Net income of $9.7 million, a decrease of $22.0 million or 69% compared to the second quarter of 2024 Adjusted EBITDA of $115.5 million, a decrease of $20.9 million or 15% compared to the second quarter of 2024 Year to date of report, the Company has been awarded seventeen new contract commitments, representing 4,129 days and $731 million of potential contract revenue On November 6, 2024, the Board declared a cash distribution of $0.02 per share ($4.8 million) for the third quarter of 2024 to be paid on or about December 16, 2024, and committed to buy back $20 million worth of shares before year end 2024, equalling a total shareholder return of $25 million, an amount in line with previous quarters CEO, Patrick Schorn commented: "The operational performance in the third quarter was solid, with a technical utilization rate of 98.7% and an economic utilization rate of 96.9%. |
prnewswire.com |
2024-11-06 18:32:00 |
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| Borr Drilling: Back Into Value Territory After The Sell-Off |
The stock has declined over 40% year-to-date, impacted by Saudi Aramco's decision to halt production increases and release jackup rigs. The long-term investment thesis remains intact, supported by discounted valuation, future free cash flow visibility, and strong fundamentals for the jackup market. The stock is now in value territory, presenting a solid buy-the-dip opportunity with a conspicuous margin of safety. |
seekingalpha.com |
2024-11-05 11:24:14 |
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| Borr Drilling Limited - Announcing Voluntary Delisting from Oslo Stock Exchange |
HAMILTON, Bermuda , Nov. 1, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE & OSE: BORR) today announced that Euronext Oslo Stock Exchange ("OSE") has approved the Company's application for delisting, following an affirmative shareholder vote at the Company's Special General Meeting in October 2024. The Company's shares will be delisted from OSE as of 31 December 2024. |
prnewswire.com |
2024-11-01 19:49:00 |
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| Top 3 Energy Stocks That Are Preparing To Pump In November |
The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies. |
benzinga.com |
2024-11-01 11:11:25 |
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| Borr Drilling Limited - Announces Pricing of Offering of Additional 10.375% Senior Secured Notes due 2030 For Gross Proceeds of $175 million |
HAMILTON, Bermuda , Oct. 25, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) announced today that its wholly-owned subsidiary Borr IHC Limited has priced an offering of additional 10.375% senior secured notes due 2030 (the "Additional Notes") for gross proceeds of approximately $175 million. The Additional Notes will have the same terms and conditions as the existing $515 million aggregate principal amount of senior secured notes due 2030. |
prnewswire.com |
2024-10-25 21:16:00 |
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| Borr Drilling Limited Announces Certain Preliminary Results for the Quarter Ended September 30, 2024 |
HAMILTON, Bermuda , Oct. 25, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) today announced certain preliminary unaudited results for the quarter ended September 30, 2024. For the three months ended September 30, 2024, the Company expects: (i) total operating revenues of approximately $242 million, (ii) operating income of approximately $84 million, and (iii) Adjusted EBITDA of approximately $116 million. |
prnewswire.com |
2024-10-25 21:09:00 |
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| Borr Drilling Limited - Written resolution approved - Senior Unsecured Convertible Bond Loan 2023/2028 |
HAMILTON, Bermuda , Oct. 17, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") has today been advised by the Nordic Trustee AS that, pursuant to the summons for a written resolution dated 2 October 2024 for the Company's senior unsecured convertible bonds with ISIN NO0012828187 (the "Bonds"), the written resolutions have today been resolved and approved by the bondholders. CONTACT: Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208 This information was brought to you by Cision http://news.cision.com https://news.cision.com/borr-drilling-limited/r/borr-drilling-limited---written-resolution-approved---senior-unsecured-convertible-bond-loan-2023-20,c4052684 View original content:https://www.prnewswire.com/news-releases/borr-drilling-limited--written-resolution-approved--senior-unsecured-convertible-bond-loan-20232028-302279076.html SOURCE Borr Drilling Limited |
prnewswire.com |
2024-10-17 08:45:00 |
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| Borr Drilling Limited - Summons for a written resolution - Senior Unsecured Convertible Bond Loan 2023/2028 |
HAMILTON, Bermuda , Oct. 2, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") has today requested Nordic Trustee AS to summon for a bondholders' written resolution (the "Summons") for the Company's senior unsecured convertible bonds with ISIN NO0012828187 (the "Bonds"). The purpose of the written resolution is to approve a proposal to amend the bond terms in connection with the potential de-listing of the Company's shares from the Oslo Stock Exchange, as approved by a Special General Meeting of the shareholders of the Company on October 1, 2024. |
prnewswire.com |
2024-10-02 12:48:00 |
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| Borr Drilling Limited - SGM Results Notification |
HAMILTON, Bermuda , Oct. 1, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) advises that a Special General Meeting of the Company was held on October 1, 2024 at 10:00 local time at 2nd Floor, S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda. |
prnewswire.com |
2024-10-01 14:24:00 |
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