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 - Announcing Voluntary Delisting from Oslo Stock Exchange
HAMILTON, Bermuda , Nov. 1, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE & OSE: BORR) today announced that Euronext Oslo Stock Exchange ("OSE") has approved the Company's application for delisting, following an affirmative shareholder vote at the Company's...
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Borr Drilling Limited - Announces Pricing of Offering of Additional 10.375% Senior Secured Notes due 2030 For Gross Proceeds of $175 million
HAMILTON, Bermuda , Oct. 25, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) announced today that its wholly-owned subsidiary Borr IHC Limited has priced an offering of additional 10.375% senior secured notes due 2030 (the "Additional...
Borr Drilling Limited Announces Certain Preliminary Results for the Quarter Ended September 30, 2024
HAMILTON, Bermuda , Oct. 25, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) today announced certain preliminary unaudited results for the quarter ended September 30, 2024. For the three months ended September 30, 2024, the Company expects:...
Borr Drilling Limited - Written resolution approved - Senior Unsecured Convertible Bond Loan 2023/2028
HAMILTON, Bermuda , Oct. 17, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") has today been advised by the Nordic Trustee AS that, pursuant to the summons for a written resolution dated 2 October 2024 for the Company's senior unsecured...
Borr Drilling Limited - Summons for a written resolution - Senior Unsecured Convertible Bond Loan 2023/2028
HAMILTON, Bermuda , Oct. 2, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") has today requested Nordic Trustee AS to summon for a bondholders' written resolution (the "Summons") for the Company's senior unsecured convertible bonds with ISIN NO0012828187 (the "Bonds"). The...
Borr Drilling Limited - SGM Results Notification
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...
Borr Drilling Limited - Invitation to webcast and conference call Q3 2024 results
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,...
Borr Drilling Limited to Present at the Pareto Securities' 31st Annual Energy Conference
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...
Borr Drilling: Significant Upside Potential, Dividend Growth
Borr Drilling offers a strong investment opportunity with a 6.6% dividend yield, driven by a valuation gap and potential oil price recovery in 12-24 months. The company boasts a robust order backlog of $1.76 billion, ensuring revenue and cash flow...
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