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Borr Drilling Limited - SGM Results Notification
Prnewswire· 2024-10-01 14:24
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. The following resolutions were passed: 1. To approve the delisting of the Company's common shares from the Oslo Stock Exchange and to authorise the Board of Directors to take steps to implement the delisting includin ...
Borr Drilling Limited - Invitation to webcast and conference call Q3 2024 results
Prnewswire· 2024-10-01 11:28
HAMILTON, Bermuda, Oct. 1, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) and (OSE: BORR) plans to release its financial results for the third quarter 2024 after the close of the New York Stock Exchange on Wednesday 6 November, 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 7 November, 2024 and participants are encouraged to dial in ...
Borr Drilling Limited to Present at the Pareto Securities' 31st Annual Energy Conference
Prnewswire· 2024-09-11 06:30
HAMILTON, Bermuda, Sept. 11, 2024 /PRNewswire/ -- Chief Executive Officer, Patrick Schorn, of Borr Drilling Limited (the "Company") (NYSE: BORR) and (OSE: BORR) will present at the Pareto Securities' 31st Annual Energy Conference in Oslo, Norway, today, Wednesday 11 September 2024, at 1:50 pm CET. A copy of the presentation to be held is available on the Company's website at www.borrdrilling.com and enclosed to this release. CONTACT: Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208 This ...
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
Core Insights - Borr Drilling Limited reported strong financial results for Q2 2024, with total operating revenues of $271.9 million, a 16% increase from Q1 2024, and net income of $31.7 million, reflecting a 120% increase compared to the previous quarter [2][3] - The company has secured fourteen new contract commitments year-to-date, representing 3,537 days and $651 million in potential contract revenue [2] - A cash dividend of $0.10 per share was declared for Q2 2024, to be paid on or about September 6, 2024 [2][7] Financial Performance - Adjusted EBITDA for the quarter was $136.4 million, up 17% from Q1 2024, contributing to a year-to-date adjusted EBITDA of $253 million [2][3] - The company has a strong cash position with nearly $200 million in cash at the end of the quarter, alongside an undrawn $150 million revolving credit facility [7][8] Operational Highlights - The technical utilization rate was reported at 99.2%, and the economic utilization rate at 98.4% for Q2 2024 [3] - All 22 delivered rigs are contracted, with only a few days remaining available in 2024, and approximately 73% of capacity contracted for 2025 [4] Contracting and Market Outlook - The company has secured new contracts at favorable day rates, including a long-term contract for the "Arabia I" in Brazil, and a replacement contract following a suspension in Saudi Arabia [4][6] - The market is expected to remain tight for premium assets, with an aging global jack-up rig fleet leading to incremental retirements, creating a favorable environment for Borr Drilling [6] Newbuilds and Future Plans - The delivery of the newbuild "Vali" is anticipated soon, with plans to assign it to a previously announced contract in Africa [5] - The final newbuild, "Var," is on schedule for delivery in late Q4 2024, with expectations of securing a contract by that time [5]