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Borr Drilling(BORR) - 2024 Q1 - Earnings Call Transcript
2024-05-23 15:43
Borr Drilling Limited (NYSE:BORR) Q1 2024 Earnings Conference Call May 23, 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 Nikhil Bhat - J.P. Morgan Operator Good day and thank you for standing by. Welcome to the Borr Drilling Limited First Quarter 2024 Results Presentation Webcast and Conference. At this time, all participants are in listen-only mode. After the speaker' ...
Borr Drilling(BORR) - 2024 Q1 - Earnings Call Presentation
2024-05-23 14:44
Forward Looking Statement The Company provides guidance on expected Adjusted EBITDA, which is a non-GAAP financial measure. Management evaluates the Company's financial performance in part based on the basis of actual and expected Adjusted EBITDA, which management believes enhances investors' understanding of the Company's overall financial performance by providing them with an additional meaningful relevant comparison of current and anticipated future results across periods. Due to the forward-looking natu ...
Borr Drilling Limited - Q1 2024 Presentation
prnewswire.com· 2024-05-23 12:49
HAMILTON, Bermuda, May 23, 2024 /PRNewswire/ -- Please find enclosed the presentation of Borr Drilling Limited's first quarter 2024 results to be held on the webcast/conference call at 15:00 CEST (9:00 AM New York time) on May 23, 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/hwxxiqsa b) Conference Call Please use this link to register for the conference call, https://regis ...
Borr Drilling(BORR) - 2024 Q1 - Quarterly Report
2024-05-23 10:01
Borr Drilling Limited Unaudited Condensed Consolidated Statements of Operations (In $ millions except share and per share data) | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|----------------|-------------------| | | Notes | March 31, 2024 | December 31, 2023 | | ASSETS | | Unaudited | Audited | | Current assets | | | | | Cash and cash equivalen ...
Borr Drilling Limited Announces First Quarter 2024 Results
prnewswire.com· 2024-05-23 06:07
HAMILTON, Bermuda, May 23, 2024 /PRNewswire/ -- Borr Drilling Limited ("Borr", "Borr Drilling" or the "Company") announces unaudited results for the three months ended March 31, 2024. Highlights CEO, Patrick Schorn commented: "The first quarter results have been strong, driven by solid operational performance with technical utilization coming in at 99.0% and economic utilization at 98.6%, keeping us right on track to meet our annual plan. We finished the quarter with all 22 delivered rigs operating, however ...
Borr Drilling Limited - Dividend declaration and key information relating to the cash distribution for the first quarter 2024
prnewswire.com· 2024-05-23 05:59
HAMILTON, Bermuda, May 23, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) and (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 first 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 regis ...
Borr Drilling Limited - Invitation to webcast and conference call Q1 2024 results
Prnewswire· 2024-05-15 08:41
HAMILTON, Bermuda, May 15, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE and OSE: BORR) plans to release its financial results for the first quarter 2024 on Thursday, May 23, 2024. A conference call and webcast is scheduled for 15:00 CEST (9:00 AM New York Time) and participants are encouraged to dial in 10 minutes before the start of the call. The earnings report and presentation will be available from the Investor Relations section on www.borrdrilling.com. In order to listen to the presentation, you ma ...
3 Under-$10 Energy Stocks That Can Double in 2025
InvestorPlace· 2024-05-14 10:45
If we look at energy stocks with focus on the oil & gas sector, the last 12 months have been disappointing in terms of returns. Macroeconomic headwinds have ensured that energy prices remain relatively subdued. However, that's likely to change in the next few quarters. Now is a good time to consider fresh exposure to energy stocks. If we look at oil & gas exploration companies, some quality bets like Chevron Corporation (NYSE:CVX) and Occidental Petroleum (NYSE:OXY) stand out. However, these are blue-chip s ...
3 Overlooked Growth Stocks Trading at a Bargain This Month
InvestorPlace· 2024-04-13 21:00
When growth stocks shine in the limelight, they rarely trade at a valuation gap. Investors continue to buy in an uptrend on the fear of missing out on a potentially bigger rally. However, a value investor will agree that it’s best to avoid stocks that are too much in the limelight. In an ocean of stocks, it’s not surprising if some great ideas are overlooked by the markets. However, it’s unlikely that quality stocks will remain undervalued for an extended period. When the trend reversal comes, the upside ca ...
3 High-Risk Stocks Under $20 That Can Triple by 2025
InvestorPlace· 2024-03-29 12:16
I believe that equity markets are at a point where small-cap and penny stocks can go ballistic. The assumption of multiple rate cuts in the next 12 to 18 months backs this general view. Easy money policy translates into higher speculative activity and high-beta stocks surge. This column discusses three high-risk stocks under $20, likely to triple before the end of 2025.While a potential rate cut is a catalyst, it’s not the only reason to be bullish on these high-risk stocks. These stocks represent companies ...