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Borr Drilling: Significant Upside Potential, Dividend Growth
Seeking Alpha· 2024-09-04 17:06
1100 I I I 11 shaunl Investment Overview In the last 12 months, the S&P 500 index has trended higher by 25%. The rally has been pronounced in several growth stocks. However, not all sectors have participated in the bull market. There are underperformers, and I believe that it's a good time to have a relook at some interesting sectors of the economy. In my view, the broad oil & gas sector offers immense value. With energy prices remaining subdued on the back of macroeconomic headwinds, the sector has underpe ...
Borr Drilling: Upgrading On A Strong Outlook And Commitment To Capital Returns - Buy
Seeking Alpha· 2024-08-19 03:29
AvigatorPhotographer Note: I have covered Borr Drilling Limited (NYSE:BORR) previously, so investors should view this as an update to my earlier articles on the company. Last week, leading offshore driller Borr Drilling reported Q2/2024 results. Adjusted for a number of one-ime items, revenues and profitability came in largely in line with expectations. | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------|---------------------------------------|---------|---------|---------| ...
Borr Drilling(BORR) - 2024 Q2 - Earnings Call Transcript
2024-08-15 22:47
Borr Drilling Limited (NYSE:BORR) Q2 2024 Earnings Conference Call August 15, 2024 9:00 AM ET Company Participants Patrick Schorn - CEO Magnus Vaaler - CFO Bruno Morand - Chief Commercial Officer Conference Call Participants James West - Evercore ISI Fredrik Stene - Clarksons Securities Truls Olsen - Fearnley Securities Doug Becker - Capital One Operator Good day and thank you for standing by. Welcome to the Borr Drilling Limited Second Quarter 2024 Results Presentation Webcast and Conference Call. [Operato ...
Borr Drilling Limited - Q2 2024 Presentation
Prnewswire· 2024-08-15 12:52
HAMILTON, Bermuda, Aug. 15, 2024 /PRNewswire/ -- Please find enclosed the presentation of Borr Drilling Limited's second quarter 2024 results to be held on the webcast/conference call at 15:00 CEST (9:00 AM New York time) on August 15, 2024. In order to listen to the presentation, you 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/oog8fcz6 b) Conference Call Please use this link to register for the conference call, https:// ...
Borr Drilling(BORR) - 2024 Q2 - Quarterly Report
2024-08-15 10:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ____________________________________________ ___________________________ ____________________________________________ ____________________________________________ FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 August 15, 2024 Commission File Number: 001-39007 Borr Drilling Limited S.E. Pearman Building 2 Floor 9 Par-la-Ville Road Hamilton HM11 Bermuda +1 (441) 542-9234 ...
Borr Drilling Limited - Dividend declaration and key information relating to the cash distribution for the second quarter 2024
Prnewswire· 2024-08-14 21:07
HAMILTON, Bermuda, Aug. 14, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) (OSE: BORR) today announces that the Company's Board of Directors has approved a cash distribution of paid-in capital of US$0.10 per share for the second quarter of 2024. Note to shareholders registered in Euronext VPS, the Norwegian Central Security Depository: Due to implementation of the Central Securities Depository Regulation (CSDR) in Norway, please note the information regarding the payment date for the shares registe ...
Borr Drilling Limited Announces Second Quarter 2024 Results
Prnewswire· 2024-08-14 20:35
HAMILTON, Bermuda, Aug. 14, 2024 /PRNewswire/ -- Borr Drilling Limited ("Borr", "Borr Drilling" or the "Company") announces unaudited results for the three and six months ended June 30, 2024. Highlights Total operating revenues of $271.9 million, an increase of $37.9 million or 16% compared to the first quarter of 2024 Net income of $31.7 million, an increase of $17.3 million or 120% compared to the first quarter of 2024 Adjusted EBITDA1 of $136.4 million, an increase of $19.6 million or 17% compared to the ...
Borr Drilling Limited - Announces Pricing of Additional Offering of 10.000% Senior Secured Notes due 2028 For Proceeds of $150 million
Prnewswire· 2024-08-09 20:41
HAMILTON, Bermuda, Aug. 9, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE and OSE: BORR) announced today that its wholly-owned subsidiary Borr IHC Limited has priced an offering of additional 10.000% senior secured notes due 2028 (the "Additional Notes") for gross proceeds of approximately $150 million. The Additional Notes will have the same terms and conditions as the existing $1.225 billion aggregate principal amount of senior secured notes due 2028. The proceeds from the offering are i ...
Borr Drilling Limited Announces Certain Preliminary Results for the Quarter Ended June 30, 2024
Prnewswire· 2024-08-09 20:31
HAMILTON, Bermuda, Aug. 9, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE and OSE: "BORR") today announced certain preliminary unaudited results for the quarter ended June 30, 2024. The Company expects for the three months ended June 30, 2024: (i) total operating revenues of approximately $272 million, an increase of $38 million or 16% compared to the first quarter of 2024, (ii) operating income of approximately $104 million, an increase of $19 million or 23% compared to the first quarter ...
Borr Drilling Limited - Invitation to webcast and conference call Q2 2024 results
Prnewswire· 2024-08-02 15:00
HAMILTON, Bermuda, Aug. 2, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) and (OSE: BORR) plans to release its financial results for the second quarter 2024 after the close of the New York Stock Exchange on Wednesday 14 August, 2024. The earnings report and presentation will be available from the Investor Relations section on www.borrdrilling.com. A conference call and webcast is scheduled for 15:00 CEST (9:00 AM New York Time) on Thursday 15 August, 2024 and participants are encouraged to dial in ...