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Complete financial analysis of Borr Drilling Limited (BORR) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Borr Drilling Limited, a leading company in the Oil & Gas Drilling industry within the Energy sector.
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Borr Drilling Limited (BORR)
About Borr Drilling Limited
Borr Drilling Limited operates as an offshore drilling contractor to the oil and gas industry worldwide. It owns, contracts, and operates jack-up rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production. The company serves oil and gas exploration and production companies, such as integrated oil companies, state-owned national oil companies, and independent oil and gas companies. As of December 31, 2021, it operated a fleet of 23 jack-up drilling rigs. The company was formerly known as Magni Drilling Limited and changed its name to Borr Drilling Limited in December 2016. Borr Drilling Limited was incorporated in 2016 and is based in Hamilton, Bermuda.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 771.60M | 443.80M | 245.30M | 307.50M | 334.10M | 164.90M | 100.00K | 0.00 |
| Cost of Revenue | 348.60M | 116.50M | 119.60M | 117.90M | 121.60M | 103.70M | 47.90M | 0.00 |
| Gross Profit | 423.00M | 327.30M | 125.70M | 189.60M | 212.50M | 61.20M | -47.80M | 0.00 |
| Gross Profit Ratio | 54.82% | 73.75% | 51.24% | 61.66% | 63.60% | 37.11% | -47,800.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 43.30M | 36.80M | 34.70M | 49.10M | 50.40M | 38.70M | 21.00M | 1.92M |
| Selling & Marketing | 1.80M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1.19M |
| SG&A | 45.10M | 36.80M | 34.70M | 49.10M | 50.40M | 38.70M | 21.00M | 734.70K |
| Other Expenses | 116.80M | 264.90M | 180.50M | 270.40M | 307.90M | 180.10M | 36.20M | 0.00 |
| Operating Expenses | 47.43M | 301.70M | 215.20M | 319.50M | 358.30M | 218.80M | 57.20M | 734.70K |
| Cost & Expenses | 521.20M | 418.20M | 334.80M | 437.40M | 479.90M | 322.50M | 105.10M | 734.70K |
| Interest Income | -1.62M | 5.40M | 99.40M | 200.00K | 1.50M | 1.20M | 3.20M | 0.00 |
| Interest Expense | 186.28M | 125.40M | 92.90M | 87.40M | 70.40M | 13.70M | 500.00K | 0.00 |
| Depreciation & Amortization | 121.83M | 114.27M | 116.47M | 129.63M | 121.81M | 97.47M | 21.43M | 1.92M |
| EBITDA | 361.24M | -2.00M | 29.20M | -105.33M | -72.22M | -80.40M | -67.00M | 1.19M |
| EBITDA Ratio | 46.82% | 22.94% | 11.41% | 0.10% | -22.66% | -48.76% | -58,600.00% | 0.00% |
| Operating Income | 250.40M | -14.70M | -91.60M | -117.60M | -145.80M | 131.40M | -109.70M | -734.70K |
| Operating Income Ratio | 32.45% | -3.31% | -37.34% | -38.24% | -43.64% | 79.68% | -109,700.00% | 0.00% |
| Total Other Income/Expenses | -194.30M | -172.50M | -91.70M | -113.40M | -137.10M | -57.00M | 21.70M | 0.00 |
| Income Before Tax | 56.10M | -274.40M | -183.30M | -289.00M | -296.90M | -188.40M | -88.00M | -734.70K |
| Income Before Tax Ratio | 7.27% | -61.83% | -74.72% | -93.98% | -88.87% | -114.25% | -88,000.00% | 0.00% |
| Income Tax Expense | 34.00M | 18.40M | 9.70M | 16.20M | 11.20M | 2.50M | -21.70M | 1.95K |
| Net Income | 22.10M | -292.80M | -193.00M | -305.20M | -308.10M | -190.50M | -88.00M | -736.65K |
| Net Income Ratio | 2.86% | -65.98% | -78.68% | -99.25% | -92.22% | -115.52% | -88,000.00% | 0.00% |
| EPS | 0.09 | -1.64 | -1.43 | -4.06 | -5.73 | -3.70 | -3.40 | -0.73 |
| EPS Diluted | 0.09 | -1.64 | -1.43 | -4.06 | -5.73 | -3.70 | -3.31 | -0.73 |
| Weighted Avg Shares Out | 244.27M | 178.40M | 134.73M | 75.18M | 53.74M | 51.44M | 25.86M | 1.01M |
| Weighted Avg Shares Out (Dil) | 248.15M | 178.40M | 134.73M | 75.18M | 53.74M | 51.44M | 26.56M | 1.01M |
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...
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...
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...
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...
Borr Drilling Limited - Notification of PDMR transaction
HAMILTON, Bermuda , Nov. 11, 2024 /PRNewswire/ -- Drew Holdings Ltd., a close associate of Mr.
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...
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...
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...
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...
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...
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