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 ...

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 ...

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 ...

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 ...

In Southeast Asia, the "Gunnlod" has received a binding Letter of Award from an operator in Malaysia. The award covers a firm scope of seven wells, with an anticipated duration of 210 days, and is expected to commence in November 2024. Chief Commercial Officer, Bruno Morand, commented: Hamilton, Bermuda 26 July 2024 Contact: https://news.cision.com/borr-drilling-limited/r/borr-drilling-limited---contracting-update,c4019012 HAMILTON, Bermuda, July 26, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) ( ...

It's a myth that low-priced stocks have weak fundamentals or are speculative. While there can be purely speculative ideas among low-priced stocks, there are also some high-quality bets. This column focuses on dividend stocks under $10 that are fundamentally strong and look undervalued. In my view, these dividend stocks are poised for 100% returns within the next 24 months. Additionally, I expect steady dividend growth as revenue and EBITDA increases in the coming years. It's worth mentioning here that the S ...

Even with macroeconomic headwinds, crude oil has increased by 15% year-to-date. The key reason for the rally is the likelihood of potential rate cuts in the coming quarters. I believe oil will likely remain in an uptrend, and energy stocks will be back in the limelight. This column focuses on three oil and gas stocks under $10 positioned to surge from undervalued levels. An important point to note is that rate cuts will translate into a weaker dollar. This results in a rally for risky asset classes like equ ...

A combination of high-growth low PE stocks can be a game-changer for portfolio returns. Looking for stocks that match this criterion becomes more relevant at a time when the index is near all-time highs. There are several stocks that are trading at stretched valuations. In my view, the ideas discussed are worth considering with an investment horizon of 24 to 36 months. During this period, I would not be surprised if these stocks deliver 100% to 200% returns. Let's discuss the factors to be bullish. The mark ...

AvigatorPhotographer Note: Last month, leading offshore driller Borr Drilling reported Q1/2024 results somewhat below estimates due to a combination of slightly lower-than-expected revenues and higher financial and tax expenses: Company Press Release / Regulatory Filings Adjusted EBITDA margin of 49.9% reached new all-time highs with the company outperforming peers handsomely: Company Press Releases Borr Drilling ended the quarter with unrestricted cash and cash equivalents of $282.7 million and $1,979 mill ...

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. HAMILTON, Bermuda, June 3, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) (OSE: BORR) advises that the 2024 Annual General Meeting will be held on August 14, 2024. The record date for voting at the Annual General Meeting is set to June 7, 2024. The notice, agenda and associated material will be distributed prior to the meeting. Hamilton, Bermuda June 3, 2024 Questions should ...