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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 |
Borr Drilling Limited: 2023 AGM Results Notification
HAMILTON, Bermuda , Aug. 31, 2023 /PRNewswire/ --Borr Drilling Limited (the "Company") advises that the 2023 Annual General Meeting of the Company was held on August 31, 2023 at 09:00 ADT at 2nd Floor, The S.E. Pearman Building, 9 Par-la-Ville...
Borr Drilling Limited - Announcement of Letter of Award
HAMILTON, Bermuda , Aug. 29, 2023 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) is pleased to announce that its premium jack-up rigs "Prospector 5" and "Natt" have received a Letter of Award ("LOA") for work in West...
Borr Drilling Limited (BORR) Q2 2023 Earnings Call Transcript
Borr Drilling Limited (NYSE:BORR ) Q2 2023 Earnings Conference Call August 17, 2023 09:00 AM ET Company Participants Patrick Schorn - CEO Magnus Vaaler - CFO Bruno Morand - VP, Commercial Conference Call Participants Gregory Lewis - BTIG Fredrik Stene...
Borr Drilling Limited - Q2 2023 Presentation
HAMILTON, Bermuda , Aug. 17, 2023 /PRNewswire/ -- Please find enclosed the presentation of Borr Drilling Limited's second quarter 2023 results to be held on the webcast/conference call at 15:00 CET (9:00 AM New York time) on August 17, 2023. ...
Borr Drilling Limited Announces Second Quarter and Six Months 2023 Results
HAMILTON, Bermuda , Aug. 17, 2023 /PRNewswire/ -- Borr Drilling Limited ("Borr", "Borr Drilling" or the "Company") announces unaudited results for the three and six months ended June 30, 2023. Highlights Second Quarter of 2023 Total operating revenues of $187.5...
Borr Drilling Limited - Increase in share capital
HAMILTON, Bermuda , Aug. 16, 2023 /PRNewswire/ -- Borr Drilling Limited (the "Company") (OSE: BORR) (NYSE: BORR) has issued 1,000,000 new common shares to be held in treasury, and used solely for issuance in connection with the exercise of share...
Borr Drilling Limited - Invitation to webcast and conference call Q2 2023 results
HAMILTON, Bermuda , Aug. 8, 2023 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) (OSE: BORR) plans to release its financial results for the second quarter 2023 on Thursday, August 17, 2023. A conference call and webcast is scheduled for 15:00...
Borr Drilling Limited - Announcement of Letters of Award
HAMILTON, Bermuda , July 31, 2023 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE and OSE: "BORR") is pleased to announce it has secured two letters of awards ("LOA") for its premium jack-up drilling rigs "Gerd" and "Thor". These awards...
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Category: Stock Reports